New FHA Leeway for Approvals
What is a FICO score? That is the number lenders look at that essentially determines the likelihood that you will pay all of your (debt) obligations on time for the… Read more ⇢
Mortgages
What a Credit Score Really Means
As one of the least understood numbers homebuyers deal with, their credit score confuses many would-be buyers. So, what does your credit score really mean? First, understand… Read more ⇢
How to Avoid Being House Poor
Buying a home is exciting! If you’re young, it gives you the sense of finally stepping into the adult world. If you’re at some other life change (marriage, starting… Read more ⇢
When to Get Pre-Approval for a Mortgage
A lot of people ask me about getting pre-approved when they’re just thinking abut buying. Here’s what I tell them: Get your pre-approval NOW! Why so early?… Read more ⇢
Do I Want to Buy with Cash?
According to Market Watch, Realty Trac, and Forbes, nearly half of homebuyers in 2014 so far have purchased with all cash. Can you believe that!!! Highest percentages were in… Read more ⇢
Real Estate Terminology: Closing Costs
Closing costs include all of the fees and costs associated with completing the sale or purchase of a home using a mortgage, that are in addition to the actual cost of… Read more ⇢
Appraisal vs. Assessment vs. Market Value–WHAT!
There is a LOT of confusion trying to understand real estate vocabulary. But since so many people are concerned about the true value of a home, whether… Read more ⇢
Will We Lose Our Mortgage Interest Deductions?
How would you feel if you owned a home and Congress decided to take away the mortgage interest deduction on your federal taxes. Honey Dunlap would be MAD! There’s been… Read more ⇢
