Purchasing a home for the First-time is a major commitment. That’s why you should work with a fiduciary financial planner to help make sure you can buy a house that you can afford without sacrificing your financial future. Then, a Realtor can help you track down the right house, while a lender will help you find great mortgage options. Here,
If you’re ready to take the leap and become a home owner, that usually means you’ll have to get a mortgage. Unfortunately, not everyone who wants to buy a home can qualify for a mortgage because lenders try to make certain you’ll pay back your debt before they allow you to borrow. Depending on the lender and the type of
You know you need to be organized before looking at homes, but does that include securing a pre-approval letter from the bank? Truth is, getting pre-approved can improve your chances of falling into the sellers’ good graces, so you want to get it done as soon as possible in the home-buying process. Here, realtor.com discusses what a pre-approval letter actually is and more. What is a
If you’ve decided to purchase a home, visiting open houses is a crucial part of the process. However, launching straight into the search without preparing properly could land you in trouble—both financially and emotionally. Here, realtor.com explains how to lay the proper groundwork to guarantee good decisions—and a home you’ll adore. 1. Make sure your credit is in order A
If you’ve never attempted to get a mortgage before, be warned: It can be a mystifying process. Toward that end, Forbes debunks six of the most common mortgage myths to help you go into the mortgage process feeling informed. Getting pre-qualified is the same as getting pre-approved Although these two terms may sound the same, there is a world of
You’ll need a mortgage unless you’re planning on buying a home with cash, and to get approved for a home loan you need to qualify for a mortgage, here are 3 things to know before applying for a mortgage. That requires some careful planning that begins with arming yourself with the right knowledge about the home loan application process. Here,
The majority of potential home buyers wait until they’re ready to purchase before they talk to a mortgage lender. After all, why bother digging up financial statements and filling out a bunch of paperwork if you’re not going to buy right away? If buying a home is one of your long-term goals, however, you could be doing yourself a disservice
When it comes to mortgages, there’s plenty of advice out there. While some of it is good and some bad, Realtor.com delivers some great mortgage tips from experts that likely will stick with you long afterward. Keep your monthly mortgage payment under one paycheck Don’t focus so much on the total cost of the mortgage. Instead, make sure that
With Thanksgiving and Christmas fast approaching, you might be tempted to either take your home off the market or hold off on listing it until after the new year. After all, you’re busy cooking, shopping and decorating, and the last thing you need is a bunch of potential buyers traipsing through your house, right? Wrong. Removing your home from the
If you plan on buying a house in the future, it’s essential to establish a track record of past payments. This proves to mortgage lenders that you’ve repaid people (which means they’ll be more likely to loan you money for a home). But if you have no credit history—maybe because you’re young—how long does it take to build it from
