One thing many first time homeowners do not think about is the skills you need to own a home. Unless you have money to throw at minor fixes in your home, you will need to become a handyman. Knowing how to take care of different things around your home can do more than just save […]
First Time Home Buyer
Learn what to ask for when buying a home when it concerns home appliances and other home fixtures. Your RE agent should inform you, but make sure you ask.
Calculating your housing budget before looking for a home is a smart move. You will be in a position to know just what you can afford. Look at some issues related to your housing budget.
There are many advantages of getting a smaller house when buying your first home. If you buy what you can afford, you can be sure to make your payments and build equity.
Qualifying for a mortgage can be challenging as your loan officer may ask some in depth personal questions. Remember qualifying for a mortgage is not personal. Think of yourself as a round peg with credit, income, assets, a personal story trying to fit into a square key hole that requires a particular size and shaped key to fit. Fitting gets you a mortgage.
What Does A Loan Officer Do? Loan Officers pre qualify, review credit, obtain and present loan programs and interest rates, give loan applications, good faith estimates, loan disclosures, collect loan paperwork, submit loan paperwork, lock interest rates and more.
What is a Loan Officer? A loan officer will work with you to get a mortgage from a mortgage broker, mortgage banker, mortgage lender, bank, or credit union. Loan officers are responsible for guiding their home buyers and home owners through the mortgage process.
The Risks and Benefits of Owning a Home can be spun in many ways to prove a point. It may come down to a matter of preference and can you make the payment. Learn more about the major risks and benefits of owning a home.