There are many good reasons to purchase a second home. For some, it is part of their dream as they can have a place of their own at their favorite getaway spot where they can spend weekends, summers, and their retirement. For many others purchasing a vacation home is a…continue reading

Buying a home is a significant investment. For first-time homebuyers, it may seem overpowering at first as there are many factors to consider. They will have a ton of questions at the very outset from the basics of the home buying process to shopping for a mortgage. Curiosity may kill…continue reading

You have searched through listings and identified your ideal neighborhood. The next step is to find the perfect home you always wanted and make an offer. As a first-time homebuyer, you will want your offer to be accepted over other offers, but you may be a bit confused about the…continue reading

A majority of millennials have student loan debt and write off applying for a mortgage as they fear that their debt will make them an automatic “no.” According to the National Association of Realtors, “More than 80% of Americans aged25-35 with student loan debt blame their educational loans for not…continue reading

A home appraisal is a critical step of the mortgage and refinancing process. Lenders depend on professional home appraisals to determine the fair market value of a home and approve a loan. As a buyer or refinancer, a home appraisal will affect the amount you can borrow. It is important…continue reading

When you apply for a mortgage, the approval process can be confusing and complicated. There are many steps and levels you have to go through before the monumental mortgage document is sealed. While each step involved is important in your home buying process the mortgage commitment letter should be the…continue reading

Millennials are defined as individuals who were born from the early 1980s to 2000. So, most people that fall in this category are between the ages of 21 and 41. Until 10 years ago they only accounted for a small portion of homeowners. However, according to The National Association of…continue reading

When you fill in a mortgage application form you will be asked how your property would be used. The three potential classifications of a property are a primary residence, a second home, or an investment property. This might be a minor detail but how you categorize the home will affect…continue reading

Once you get into the home-buying process you will realize that there are many other expenses besides the down payment and closing costs. One such expense which can come as a surprise and you need to plan for is earnest money. Here is an overview of what earnest money deposit…continue reading

When you decide to purchase a home there are multiple things that you need to consider like what type of mortgage you should apply for and how much home you can afford? However, one other important thing that you need to think about is whether you should purchase a home…continue reading