Long before you start shopping for the perfect home, you have some homework to do. That homework involves repairing your credit. You might think that your credit is just fine or that you will find a lender that will give you a loan, but why take a chance?Get Matched with a Lender, Click Here.There are many reasons you should start working on your credit long before you apply for a loan. If … [Read more...]
7 Things to Know Before Making an Offer on a House
Making an offer on a house and signing a purchase contract is a legally binding agreement. If you put earnest money down on the home, you stand to lose it if you back out of the contract, unless you have contingencies on the contract. Because of this, there are some things you should know before you put your bid on a home.Get Matched with a Lender, Click Here. Make sure you check out the … [Read more...]
How Is Conditional Mortgage Approval Different from Pre-Approval?
Shopping for a home loan can seem confusing as there are many different ways to get approved. The two most commonly confused are conditional mortgage approval and pre-approval. While they sound similar, they have a few vast differences.Compare Offers from Several Mortgage Lenders.We look at how they compare below. What is a Pre-Approval? The pre-approval is the first step when you are … [Read more...]
Six Steps to Buying Your First Home With VA Financing
Buying your first home is exciting. If you are a veteran, it can be even more exciting because you have the opportunity to use your VA financing benefit. This could mean putting no money down on a home and paying low closing costs.As a new homebuyer, you probably have many questions. We created this guide of the six important steps you must take to get your home with VA financing. Finding a … [Read more...]
How Much Do You Have to Put Down on a VA Loan?
If you are a veteran of the military, you have the good fortune of being able to finance 100% of a home’s purchase price. You do not have to put any money down on the home. The only cash you’ll have to come up with is for the closing costs unless you roll them into your loan.Compare Offers from Several Mortgage Lenders.However, there is a time when it makes sense to make a down payment on … [Read more...]
