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Pre-Qualifying vs. Pre-Approved

9/1/2019

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Not knowing the difference can lose you a deal. Find out why pre-approval is so important when buying a home.

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How to Buy a Foreclosure: A Guide for Finding & Landing Foreclosed Deals

7/1/2019
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Buying a foreclosure is not all that different from buying any other home, but the small differences are vital for you to know when buying a foreclosed home. This post will walk you through the process of buying a foreclosure for either your personal use or as a real estate investment—so you know exactly what to expect and go into the process prepared.

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How to Buy a House in 2019

6/1/2019

Large home for sale in suburbs

Buying a house can be an exciting and emotional process. Before you start your home search in earnest, though, you’ll want to understand the ins and outs of the homebuying process. This will help empower you to make decisions that are the best for your family — and your wallet. 

Here are 13 critical steps to buying a house:

  1. Understand why you want to buy a house
  2. Check your credit score
  3. Create a housing budget
  4. Save for a down payment
  5. Shop for a mortgage
  6. Hire a real estate agent
  7. See multiple homes
  8. Make an offer
  9. Get a home inspection
  10. Negotiate repairs
  11. Secure your financing
  12. Do a final walk-through
  13. Close on your house

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What Are the Fees to Get a Reverse Mortgage?

5/1/2019


What Are the Fees to Get a Reverse Mortgage?

A reverse mortgage is a special type of home loan that allows homeowners 62 and older who have paid off all or most of their mortgage to withdraw some of their home’s equity and convert it into cash.

When evaluating the costs of a reverse mortgage against other potential retirement strategies, you’ll want to look at Home Equity Conversion Mortgages, or HECMs, in particular. HECMs account for nearly all reverse mortgage loans in the U.S. and are insured by the Federal Housing Administration.

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Can You Buy a Home With Bad Credit?

5/1/2019


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There’s no denying that good credit can help you get a better interest rate on a mortgage. And because your mortgage will likely be one of largest, if not the largest, debts you’ll ever incur, it’s in your best interest to get your credit in the best shape possible before you apply for one.

Having said that, you don’t always need to have sterling credit to purchase a home. You might not qualify for the best interest rates available, but you may still be mortgage-eligible even if you have average, or below average, credit scores.

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