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Mortgage Lock-in

Mortgage Lock-in


A mortgage lock-in is a lender's agreement to hold a specific interest rate for a stated period for a loan at the prevailing market interest rate. This provides the borrower some protection against the interest rates going up during the lock period. ...CONTINUE READING
In Case of An Emergency

In Case of An Emergency


Imagine having an emergency in your home and needing to find something that will solve the problem.  You need to be able to put your hands on it quickly.  ...CONTINUE READING
What is Keeping Buyers Out of the Market

What is Keeping Buyers Out of the Market


60% of buyers paid for their down payment by saving according to the 2019 Profile of Home Buyers and Sellers, recently released in San Francisco at the National Association of REALTORS Convention.  The most difficult step in the process was saving for a down payment cited by 13% of respondents. ...CONTINUE READING
Anticipating the Cost of a Home

Anticipating the Cost of a Home


The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%. ...CONTINUE READING
Aspiring Owners

Aspiring Owners


Non-owners' information was also reported in the 2019 Profile of Buyers and Sellers in an effort to understand aspiring buyers.  74% of those surveyed are currently renters and 26% currently live with someone else without having to pay housing costs. ...CONTINUE READING
VA Loan Limits Removed

VA Loan Limits Removed


Veterans are no longer restricted to a loan limit beginning January 1, 2020.  Previously, veterans were limited by the same restrictions set by the Federal Housing Finance Agency on conforming loans.  While these limits were national in nature, there were exceptions for high-cost counties and jumbo loan procedures. ...CONTINUE READING
Think Before You Put It In The Disposer

Think Before You Put It In The Disposer


Just because that convenient grinding machine in your drain is called a garbage disposer, that doesn't mean you should treat it like your garbage can. There are many things that you should simply toss out instead of washing into your sink. ...CONTINUE READING
Title Insurance

Title Insurance


Most people who have car, home and health insurance have probably made claims and wouldn't consider being without it.  However, it might be difficult to find a homeowner who has made a claim on their title insurance which could lead a person to think that it may not be necessary.  ...CONTINUE READING
7 Reasons to Buy a Home

7 Reasons to Buy a Home


Some people don't need a reason to buy a home, they just want it. That can be enough justification by itself. Other people need some solid logic before they're ready to make the commitment. The following reasons might help you to make a decision. ...CONTINUE READING
What's the Difference in Pre-Qualification and Pre-Approval?

What's the Difference in Pre-Qualification and Pre-Approval?


Before looking for a home, you need to know how much you can afford. While you may have a number in your head, the lender has the final say. Securing a pre-approval from a lender helps make the home buying process easier and helps to avoid delays. ...CONTINUE READING

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