Let’s talk about funds needed to close and specifically with what is referred to as a “large” deposit. These are funds that have been deposited into your bank account as a single deposit or multiple deposits on the same day that are 50% or more than your gross monthly income. Your lender will need to … Read more…
At the start of a home search, one of the most pressing questions on the minds of borrowers is how much can I be approved for? While it is a simple and straightforward question, the answer can be very convoluted, leading to a universal, it depends. Understanding what the lender is looking for will help … Read more…
You have found the perfect home, negotiated a price, and signed the purchase contract. Now the process towards closing begins, which includes inspections, surveys and a property appraisal. Understanding the value in this process will help you decide if you want options inspections or if going with bank required items will be enough. Surveys establish … Read more…
Is there an art to negotiating the deal? You have negotiated a savvy deal on your new home and you are awaiting your home inspection results. The home looks beautiful and you like the way it makes you feel until you review the inspection results. Perhaps a new roof is recommended, a new furnace will … Read more…
Real Estate agents have a wide range of expertise and approaches to real estate purchases. Finding an agent you can trust, will listen to your needs, and will work to find you a home will create a strong relationship. Purchasing a home can last anywhere from 30 days to 6 months or longer. This is … Read more…
It’s the old adage “better to have it and not need it, than to need it and not have it”. I’m specifically talking about disability insurance. “It’s never going to happen to me” attitude won’t cut it – as unpleasant as it is to think about it, something could happen and affect your life significantly. … Read more…
Managing Student Loans and Payment Options Student loan payments can be very high and may impact the price range of home you are able to qualify for. When it comes to managing both your debt and your budget, selecting a payment plan for student loans will make a significant impact on your monthly expenses. The … Read more…
March 14, 2017 ⇒ Jobs Report Released ⇒ CFPB Case Moves On ⇒ Buyers See Sticker Shock The Jobs Report and Fed Meeting The data is in. The jobs report has been released and the Federal Reserve Board’s Open Market Committee is meeting as we release this publication. Keep in mind … Read more…
If you would like a home where you won’t have to worry about lawn care, snow plowing, or multiple other homeowner responsibilities, a condominium may be for you. In most cases if you need financing the bank will want to see if the condominium is “warrantable”, which means making sure that the Home Owner’s Association … Read more…
It’s that time of year again when medical school graduates all over the country wait anxiously to find out what city they will spend the next several years of their lives in. For a lot of these medical students, this is the first opportunity for them to buy a home and they have already started … Read more…