Main navigation

Blown Mortgage

First Time Home Buyer Programs | Home Loans | Refinance

Main Content


Deprecated: wp_make_content_images_responsive is deprecated since version 5.5.0! Use wp_filter_content_tags() instead. in /nas/content/live/blownmortgage/wp-includes/functions.php on line 4777

What Do I Need to Know Before Signing a Home Purchase Contract?

By

One of the largest steps in a home purchase is the sales contract. Signing this document legally binds you to the purchase. If you don’t read the fine print, you might agree to things you don’t like. Here we discuss what you should do before you sign a new purchase contract. Know Your … Continue about What Do I Need to Know Before Signing a Home Purchase Contract?

Buying a Home

Posts

What Do I Need to Know Before Signing a Home Purchase Contract?

By

One of the largest steps in a home purchase is the sales contract. Signing this document legally binds you to the purchase. If you don’t read the fine print, you might agree to things you don’t like. Here we discuss what you should do before you sign a new purchase contract. Know Your Contingencies Buying […]

How to Calculate Debt-to-Income Ratio?

By

Next to your credit score, your debt to income ratio plays a major role in your ability to secure a loan. Each loan program has a specific debt ratio they require. This doesn’t mean every lender abides by that rule. Some enforce stricter rules to help prevent default. Knowing how lenders calculate your ratio can […]

How to Ensure you Close Faster on your Home Loan

By

A loan can take anywhere from 4 to 6 weeks from start to finish. What if you need to close faster? There are ways to make it happen. Some of it lies on your shoulders. Other factors lie on third parties, including the seller, if you are buying a home. The seller controls when the […]

Can You Pay for a Lower Mortgage Rate?

By

If there was one aspect of a mortgage that you considered important, what would it be? Many borrowers say the interest rate. They want the lowest rate possible. It makes sense. Why pay more for a mortgage than necessary? If you have room for negotiation, you should take it. Sometimes, though, the better rate doesn’t […]

How Long Does PMI Last on FHA loans?

By

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 is Conditional Approval Different From Pre-approval?

By

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 […]

Can You Buy a House with Bad Credit?

By

If you have bad credit, it doesn’t have to keep you from buying a home. Many lenders offer programs for people just like you. With the following steps, you can make the American Dream of owning a home part of your reality. Get Matched with a Lender, Click Here. Increase Your Credit Score The first […]

Property Assessed Clean Energy Programs

By

Are you considering making energy improvements to your home? You aren’t alone. As a matter of fact, there is a government program that helps you do just that. It’s called the PACE or Property Assessed Clean Energy program. Get Matched with a Lender, Click Here. The program provides borrowers with the money to make clean […]

What do Lenders Look at on Self-Employed Income?

By

It’s a common myth that the self-employed cannot secure a mortgage. That’s not true today. Many lenders and/or mortgage programs make it easy for the self-employed to get a mortgage. Looking for Current Mortgage Interest Rates? Click Here. It all comes down to reliability and consistency. These are the same two factors lenders look at […]

What Affects the Market Value of Your Home?

By

Buying a home requires a lot of patience and research. How do you know if the seller is asking a fair price for the home? Before you buy it, you should know what affects the market value of a home as well as how you can find out about how much the home may be […]