Getting pre-approved before you shop for a home is the best thing you can do to boost your chances of winning the bid. Would a conditional approval be better, though? They sound the same, but are they?Compare Offers from Several Mortgage Lenders.Realistically, a conditional approval and a … Continue about Is a Conditional Approval the Same as a Pre-Approval?
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Buying a Home
Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
When you buy a home, it’s often a good idea to include some contingencies in the purchase contract. These contingencies protect you should something go wrong after you sign the contract. They give you … Continue about Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
How a Home Inspection Differs from an Appraisal
When you apply for a mortgage, you’ll likely hear the lender throw around a couple of different words including appraisal and inspection. They sound like they could be one in the same, right? Wouldn’t … Continue about How a Home Inspection Differs from an Appraisal
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Is a Conditional Approval the Same as a Pre-Approval?
Getting pre-approved before you shop for a home is the best thing you can do to boost your chances of winning the bid. Would a conditional approval be better, though? They sound the same, but are they? Compare Offers from Several Mortgage Lenders. Realistically, a conditional approval and a pre-approval are different. They have the […]
How to Avoid Paying PMI With an FHA Loan
If you opt for government-backed financing, such as the FHA loan, you are going to pay mortgage insurance. It’s not the same insurance you pay on a conventional loan, though. The mortgage insurance you pay on an FHA loan is for the life of the loan. Compare Offers from Several Mortgage Lenders. Luckily, there are […]
How Much Does a Termite Inspection Cost?
If you are buying a home and it’s located in a ‘high risk area for termites,’ you may want to pay for a termite inspection. We know that buying a home and paying for the closing costs on the loan can get costly, but the termite inspection can save you a lot of money down […]
FHA Title 1 Home Improvement Loan Guide
Are you trying to make home renovations, but you don’t have the available cash? If you don’t qualify for a traditional home equity loan, the FHA Title 1 Home Improvement Loan may be a good option. This FHA loan provides funds for home renovations to homeowners that don’t have any equity in their home. Looking […]
FHA Guidelines Regarding Non-Occupant Co-Borrowers
Are you considering applying for an FHA loan with a non-occupying co-borrower? You aren’t alone. Many people consider this, especially if they are unable to qualify for a loan on their own. A co-borrower helps the primary borrower qualify for the loan by using their income and/or assets to qualify for the loan. Compare Offers […]
Can You Lower Your Mortgage Interest Rate Without Refinancing?
Typically, if you want a lower interest rate, you have to refinance. Even if you keep your loan with the same lender, they require you to apply for a new loan, pay off the old loan, and start fresh with the new loan with the lower interest rate. Get Matched with a Lender, Click Here. […]
Assessed Value vs. Market Value: How are They Different?
Whether you are buying or selling a home, you should know the difference between assessed value and market value. They are two different numbers, sometimes vastly different, that affect your purchase/sale in various ways. Get Matched with a Lender, Click Here. Explaining Market Value A home’s market value is the value of a home based […]
Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
When you buy a home, it’s often a good idea to include some contingencies in the purchase contract. These contingencies protect you should something go wrong after you sign the contract. They give you a ‘way out’ if certain situations occur. One popular contingency is the appraisal contingency. Looking for Current Mortgage Interest Rates? Click […]
What’s Needed for a VA Condo Approval?
If you are a veteran that plans to use your VA benefits to buy a condo, it works in your favor to buy a condo that already has VA approval. If it doesn’t, you have to wait as the association goes through the rigorous process of getting approved. It’s not something that can happen overnight, […]
How to Buy a House With Bad Credit
You have bad credit, so you assume you’ll never be able to buy a home. We have good news for you, though. There are still ways for you to buy a home. It might not be at the lowest interest rate or best terms on the market, but you have a chance to buy the […]