Don’t make the mistake of getting so excited about buying a home/getting a mortgage that you commit some of the top mortgage mistakes. A mortgage is a big undertaking that has strict requirements. Knowing what you need to do and how to do it can help you have a smooth process.Compare Offers from Several Mortgage Lenders. Mistake: Not Educating Yourself About … [Read more...] about The Top 6 Most Common Mortgage Mistakes to Avoid
First-Time Home Buyer
Did you know that you should check your credit report at least once a year? Did you also know that you can get a free copy of your credit report from each of the three credit bureaus? Technically, this means that you can get a copy of your credit report three times. You can do it all at once or you can request one report every few months to take a year-round peek at your … [Read more...] about How to Get a Free Copy of Your Credit Report
You found the home you want to buy, but find out that the appraised value is less than you bid on the home. Are you out of luck or can you still buy the home?Compare Offers from Several Mortgage Lenders.The answer is tricky, but we help you understand how the process works below. The Appraised Value is King The lender will go off the appraised value. That is how they … [Read more...] about Can a Purchase Price be Higher Than the Appraised Value?
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 Here.Keep reading to learn … [Read more...] about Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
Owning a home is a big financial burden, but it can also provide you with several tax benefits, which can help your finances. If you can lower your tax liability just by owning a home, it may be an investment worth making.Get Matched with a Lender, Click Here.Keep reading to learn the tax benefits for new homeowners to see if you may benefit. Mortgage Interest Perhaps … [Read more...] about List of Tax Benefits for New Homeowners