Just the thought of owning a home can be very exciting, much like dreaming of a happy ending to a story. But the steps leading to successfully buying a home can easily turn into a horror movie if you miss crucial details or worse: take a wrong turn! In this video, we’ll take a closer
Looking to buy a home but scared you might encounter some “horrors” along the way? Homebuyers, beware! It’s important to be mindful of the potential mistakes that can arise during the home buying process. In this video, we’ll explore some common mistakes that home buyers make and provide tips on how to avoid them. For
After a long time was spent and careful decisions were made during the home buying process, you have finally reached the closing day! So, what happens on closing day? In this video, we’ll cover what to expect on a closing day, including tips and useful advice you’ll need to remember before receiving the keys to
Now you’re just ONE STEP away from getting that house you want! In this video, we’re going to dive deeper into knowing about the CLEAR TO CLOSE stage during the home buying process, understanding and going through a sample form of Closing Disclosures, and giving you several useful, tips and strategies to make sure that
What happens during mortgage underwriting? What does the underwriter do and how can your mortgage advisor help you in this stage? In this video, we’re going to talk about what is needed during the underwriting process and understand why it is crucial to set yourself up for success in this step of the home buying
What is a home appraisal and how does it work? As one of the make-or-break steps in the home buying process, in this video we’re going to delve into understanding what a home appraisal is and what are some handy tips and strategies you can use in case potential inconveniences occur during your home appraisal
Before going ahead and with your home purchase, making sure the house you chose is actually in a good condition is one of the most important steps in the home buying process. In this video, we’ll take a deeper look into hiring a professional home inspector you trust, what they look out for during home
Now that you have made a decision on which home to buy, you will need to put an offer down on that home and let the seller know that you are serious about purchasing the property. In this video, we’re going over what is needed in making an offer on a house, such as contingencies,
Buying a house is no small feat, so choosing the right realtor to guide you not only when you’re shopping for your dream home, but also all throughout the home buying process, is key in starting off on the right track. In this video, we’re going to tackle a realtor’s responsibilities and why choosing the
Before setting out on finding your home, going through the pre-approval process is a must. In this video, we’re going to dive into the mortgage pre-approval process and give useful tips on how you can be on a more stable home buying journey once you prepare all the documents necessary and then some, so that
Hesitating to start that journey to homeownership without knowing the basics in the home buying process? In this video, we’re going to give a quick overview of each step to the whole home buying process, and we’ll break down each of them in more detail for this module in the next videos. Pre-Approval Choosing A
When you make a payment to a credit account, the information on your credit report is unlikely to change for at least a few weeks. In general, creditors and lenders report account changes, such as payments, on a monthly basis. Unfortunately, when you are applying for a mortgage, and the approval and terms of your
If you are a real estate investor looking to secure a home mortgage, providing employment information, tax returns, and other common loan documentation can be time-consuming. Designed for real estate investors, a DSCR loan focuses on cash flow generated by investment properties. Here we take a closer look at the DSCR loan, a DSCR ratio,
As a borrower, your credit score can make a huge difference when it comes to applying for larger loans, such as a home mortgage. Even the slightest increase in your score can save you thousands of dollars. While most people wait for regular credit score updates, the fact is you can update your credit score
If you lost a previous home to foreclosure, you might assume that getting a mortgage is impossible. Your credit report took a hefty hit, and what lenders are going to want to take that risk? The good news, however, is that getting an FHA loan for a new home is possible even after foreclosure. Still,
FHA loans are designed to help those without a large down payment and less than optimal credit score achieve home ownership. While these loans do apply to traditional “stick-built” homes, borrowers looking for lower-cost alternatives often turn to manufactured or modular homes in order to meet the mortgage requirements and get the keys to a
A home inspection is an essential part of buying a home. The home inspection aims to protect potential borrowers from potentially hidden issues that could cost thousands. While some buyers are looking for a fixer-upper and are willing to take on anything the inspection reveals, other buyers don’t want the headache of having to repair
Buying a home can be exciting and stressful all at the same time. The process requires meeting many different requirements and submitting all the essential paperwork in order to receive mortgage approval. So when a lender calls to say you are “clear to close,” chances are you will feel as though everything is complete. However,
When you are purchasing a home, especially if it is your first home, it is very easy to become swept up in the buying process. However, it is important that you understand the different aspects of the loan process and what they may mean for you as a homebuyer. One key component to understand is
When you apply for a home loan, the mortgage lender collects a wide variety of different paperwork to establish proof of income, employment history, credit scores, and much more. Once the paperwork is collected, your information goes into underwriting, where the mortgage company evaluates the information and determines whether or not you qualify for the
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