The Hidden Cost of FHA Loans: Understanding Mortgage Insurance Premiums

Due to their low down payment requirements and flexible credit criteria, FHA loans have become a popular option for many borrowers looking to buy a house. Potential borrowers should be aware that FHA loans have a special fee that might make them...

Should You Skip the Home Appraisal?

Appraisal

Believe It or Not, Home Appraisals Are Not Always Required. Home appraisals are important for buyers and protect them in the long run. The appraisal will make sure you are paying a fair price and it also protects your mortgage lender against...

The Hidden Cost of FHA Loans: Understanding Mortgage Insurance Premiums

What Happens When Your Home Is Appraised Below the Purchase Price?

Appraisal

When Your Property Is Appraised Too Low No matter your situation- selling, refinancing, or buying- if a home appraisal comes back too low, it could put the entire loan on hold. If this situation occurs, what do you do next? Do you get another...

What Is a Home Appraisal? Here Is the Home Appraisal Process and Cost

Appraisal

Home Appraisals Are Not Only Important, They Are Also Required A home appraisal will determine the market value of a potential property to make sure you are not overpaying for it. Appraisals are to protect the mortgage lender and the buyer; most...

What Is the Difference Between Pre-approval and Pre-qualified? Which One Should You Get?

Pre Approval

Getting a pre-approval will allow your lender to dig deeper into your finances to verify your credit, income, and assets. How do you get a pre-approval and when should you get one? If you are looking to buy within six months, you should start...

Does Getting Pre-approved for a Mortgage Take a Long Time?

Pre Approval

Exactly How Long Does Getting Pre-approved Take? The first step in buying a home is to get pre-approved first, then you can house shop. The first thing you should do once you decide you want to buy a house is to get pre-approval. It’s something...

The Most Important Step When Buying a Home Is Getting Mortgage Pre-approval

Pre Approval

When Buying a Home What Is the First Step? If you are asking this question, you are likely getting more serious about home ownership. Maybe you are tired of renting or you want an upgrade. You want something that allows you to gain equity and be...