If you’ve been looking for a house and wondering if now is the right time to buy, the answer is, from a financial perspective, a resounding yes! This is the best buying opportunity we have seen in years! The 10 year treasury just dropped to it’s lowest point since September 2017, Click here for link … [Read More]
When should I consider a refinance?
Refinancing your home can make sense for many different reasons, including, but not limited to: Lowering your interest rate Reducing your PMI Restructuring your debt obligations Building equity Changing the type of loan you are in Introduction It’s funny- I’ve been in the real estate industry for about 15 years now, and I’ve heard it… [Read More]
Can I Afford to Buy a House? Part 2- Debt to Income
Calculating the Income Portion of the Debt To Income Ratio Introduction The Debt to Income Equation Best Case Scenario for maximum debt to income by loan type Whose income do I get to count in the calculation? How do I figure out how much income I get to count? How long do I have to… [Read More]
Can I Afford To Buy A House? Debt to Income Ratio
Calculating The Debt Portion Of The Debt To Income Ratio Introduction The Debt to Income Equation Best Case Scenario for maximum debt to income by loan type What counts as debt and what doesn’t count as debt How to figure out the 5 inputs of your house payment Student loan calculations A little bit about… [Read More]
Will the house I want to buy qualify for a loan?
Lenders want to know that the home they are loaning you money to buy is a good investment. So, after determining that you are an acceptable risk they have to find out if the same can be said of your house. Introduction What is my home worth? What if my home isn’t worth what I… [Read More]
How Do I Improve My Credit Score Enough To Buy A House?
Credit is an important part of the home buying process and can influence what type of loan you qualify for and how much you will have to pay for that loan. Improving your credit score is key to getting the best deal that you can possibly get Introduction Should I Try To Improve My Credit… [Read More]
How Much Are Closing Costs?
Closing costs differ based upon a variety of different factors, but a good lender listens and structures a deal advantageously for their buyer Non recurring closing costs Prepaids Lender help with closing costs Seller help with closing costs Conclusion Introduction Last week, we talked about how much money a buyer will have to put down… [Read More]
How much Down Payment Do I Need To Buy A House?
Every home buyer has a different answer to how much money they need to put down when buying a house- here’s how you know you have enough money to buy a house No money down options for select borrowers including USDA loans and VA loans Down Payment assistance loans, pluses, minuses and when they can… [Read More]
How Do I buy a Home? (Part 2)
From Pre-qualified to closing- we have your step by step guide to how the process works to answer the question- How do I buy a home? Finding the right agent Finding the right house for you Contract Earnest Money and Option Fee Inspections Appraisal Approval Conditions Close After the close Buying a home for… [Read More]
How do I buy a house? (Part one)
I’ve been thinking about what to write for a while and I realized something: If I was a little smarter I would have started my first blog with a post like the one I’m now writing which answers the question many people have (and might be afraid to ask) which is, “How do I buy… [Read More]