Getting a mortgage loan can be a much easier process when you are organized and know what to expect and what not to fear! As real estate agents, we want everything to go as smoothly as possible for you and us. We suggest you get pre-approved for a loan to know how much you can afford and what your rate will most likely be. Also read this post to inform yourself about some of the most prevalent mortgage myths you'll hear over and over again.
 
Mortgage Myth #1 - Your Best Credit Scores are Used For Your Load Approval
When applying for a joint mortgage with a co-borrower, lenders actually take the middle of three credit scores from Equifax, Transunion, and Experian for each borrower and then take the lower of those two. If you had a 760 middle score and your co-borrower had a 640 middle score then the lender would qualify you both at the 640 score which will increase your mortgage rate quite a bit or disqualify you. There are excepts for this sometimes for large l ...

It's easy to get distracted by beauty and forget about practicality as you search for a new home! Before you start you search, make sure to consider what you like and dislike about your current home. Also create a list of all the things you want in a home.

Get Preapproved for a Loan - Get a lender that you feel comfortable with and get pre approved before you look at a house. A lender can tell you what you qualify for. Lenders will know what interest rates their clients will get so they can estimate their monthly payments the best. >> View More

Every year we see a spring rush of homeowners wanting to put their homes on the market. There are bunch of reasons why homeowners shouldn't wait until spring to list their homes since there are many advantages to selling their homes in the winter...

 
This week we talk with our good friend Michael Patton from AA Home Inspection. He is our must trusted home inspector and you can learn more by Clicking Here to visit his website. 
The real estate and mortgage industry has faced some tough times lately and one of the results of the even more stringent procedures in place is the strong preference for a home inspection to take place prior to obtaining financing. Though not a requirement, getting a home inspection is a practice that can and does save buyers (and sellers) thousands of dollars.  But what can you expect from a home inspection these days?
 
 
To help guide you through the process, here is a list of basic areas of the home that are included in the inspection, as well as the potential defective aspects that an inspector looks for during the process. We also provide a list of those areas that do not come under the home inspection umbrella.
 
What All Is Included in a Typical. ...