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Will Refinancing Save you Money?

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You hear interest rates dropped so you immediately assume that you should refinance. What if it doesn’t make sense, though? It takes more than a lower interest rate for refinancing to make sense. Since getting a new mortgage costs money, you need to make sure it makes financial sense to refinance. Get Matched with a Lender, Click Here. Keep reading to learn how to tell if … [Read more...] about Will Refinancing Save you Money?

How Much will my Title Insurance Policy Cost?

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Buying a home means paying a whole slew of fees, especially if you secure mortgage financing. You’ll have the fees charged by the lender, of course. But, you’ll also pay third-party fees, including those charged by the title company. One fee you’ll see on your closing statement is the ‘title search fee.’ Get Matched with a Lender, Click Here. Keep reading to learn what this … [Read more...] about How Much will my Title Insurance Policy Cost?

Alternatives to the FHA 203K Loan

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If you want to buy a house that is run down and won’t pass an appraisal, you probably think of the FHA 203K loan as an option. This loan program gives you the funds to purchase and renovate a home so that it will pass the FHA appraisal. You can even make cosmetic changes to the home if there’s room in the loan. What if you don’t want the FHA 203K loan, though? Are there other … [Read more...] about Alternatives to the FHA 203K Loan

Can You Get a Fannie Mae Loan After a Foreclosure?

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You lost your home in foreclosure so you assume that you won’t qualify for a conventional loan anytime soon, right? We have good news for you - it is still possible to get a conventional loan and you may not have to wait as long as you thought. Today, Fannie Mae guidelines allow you to get a conventional loan as soon as 2 years after foreclosure. Looking for Current Mortgage … [Read more...] about Can You Get a Fannie Mae Loan After a Foreclosure?

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

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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 a home means many different things must come together. For example, you … [Read more...] about What Do I Need to Know Before Signing a Home Purchase Contract?