Once you secure your mortgage, your relationship with your lender is far from over. In fact, it’s just starting. This is why it’s important to choose a lender that you trust and that you work well with because you could be dealing with them for another 30 years.Compare Offers from Several Mortgage Lenders.What happens if your mortgage lender gives you the runaround? It … [Read more...] about The Top Ways to Avoid Mortgage Lender Runaround
artGetting approved for a home loan can be exciting, but before you act too fast, you should know how to save money on it. Did you know that closing costs can amount to as much as 5% of your loan amount? That’s some serious money. Let’s say you borrow $300,000, you would pay as much as $15,000 in closing costs, and that’s money you must come up with on your own.Compare … [Read more...] about Simple Tips to Save Money on Your Next Home Loan
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 an appraiser ‘inspect’ the house?Looking for Current Mortgage Interest Rates? Click Here.In reality, the appraiser’s job is to determine the market value of the house. … [Read more...] about How a Home Inspection Differs from an Appraisal
You know your lender checks your credit when you apply for the mortgage. You probably think you are ‘in the clear’ once that report is pulled, right? You figure once the lender approves you for a loan, there’s no reason for them to look at your credit again.Compare Offers from Several Mortgage Lenders.Unfortunately, this is wrong. Many lenders do pull your credit one … [Read more...] about Do Lenders Check Credit Before Closing?
As you shop for a home, you may come across homes that are in probate. This means the owner of the home died without bequeathing the property to someone. Rather than letting the fate of the home’s ownership become a free-for-all, the state steps in and handles the sale of the home. In order for you to buy the home, you will need probate court approval.Looking for Current … [Read more...] about What Does it Mean When a Home is Subject to Probate Court Approval?