Home Buying Vocabulary Cheat Sheet
Are you in the market for a new home? Especially for first-time buyers, the process can be overwhelming, from mortgage loan qualification and approval to making an offer. To make more sense of the home buying process, we’ve put together a “cheat sheet” with some common vocabulary to know. APR Annual percentage rate (APR) combines…
Understanding the Mortgage Process
Ready to buy a home but you don’t know where to start? The first step in the process is to secure your financing. It’s important to know how much a lender will give you to purchase a home before starting the search. After doing your research and choosing a lender, here is what you should…
Common Mistakes Made By First-Time Homebuyers
Buying your first home is an exciting experience! With the property comes new possibilities and experiences for individuals and families. Yet before you start this chapter in your life, make sure you know the right steps to take and which ones to avoid. Here are some common mistakes made by first-time homebuyers to keep in…
How Credit Score Can Affect Your Mortgage
According to 2020 data from Experian.com, about 44 percent of homeowners in the United States have a mortgage. A mortgage is a consumer loan used to purchase a new home or borrow money against the value of a property you already own. Once approved by a lender, you are responsible for repaying the mortgage back…
Why Homebuying Is a Great Investment
There are many reasons why you might be reluctant to buy a home. Some people believe they are not financially stable enough, due to student debt and other expenses, or they’re simply not ready to make the commitment. Yet, buying a home can actually be a great investment for you! In 2020, the rate of…