A mortgage broker is a professional who acts as an intermediary between borrowers and lenders to help secure the best mortgage terms for their clients. While mortgage insurance is typically associated with loans where borrowers put down less than 20%,…
Welcome to our comprehensive guide answering the question: “What is mortgage insurance?” Whether you’re a first-time homebuyer or looking to refinance, understanding mortgage insurance is crucial for making informed financial decisions. In this article, we’ll delve into what mortgage insurance…
What is DTI? DTI stands for Debt-to-Income Ratio, a crucial financial metric used by lenders and individuals to assess one’s ability to manage debt responsibly. It represents the percentage of a person’s gross monthly income that goes toward paying debts.…
Welcome to our comprehensive guide on calculating how much mortgage you can afford. Buying a home is a significant financial decision, and it’s crucial to determine a comfortable and sustainable mortgage amount. By following the steps outlined below, you can…
The exact time that it takes to get from the home search process to turning the key and walking into your new home can vary. Generally, it’s best to estimate 2-3 months for the home search process and 1-2 months…
Welcome! Buying a home can seem like a daunting task. But fear not! With the right knowledge, tools, and guidance, you can navigate through this process with ease. Let us take you through the step-by-step home-buying process. Step 1:…
Contingent vs. Pending in Real Estate: What Does it Mean? When it comes to buying and selling real estate, the terms “contingent” and “pending” are used a lot. It can be confusing to figure out the difference between them. In…
Whether this is your first or tenth home purchase, shopping for a new home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in your new home…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you…
WHAT CLOSING COSTS CAN I NEGOTIATE?
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