What to Know about an Earnest Money Deposit
As you get ready to buy a home, there are a lot of terms to know. One of the first that you will come across is Earnest Money Deposit. What is this part of the real estate deal and what…
Navigating Homeownership: Know Your Needs
You may think that the first step to buying a home is to make an offer. While that is an exciting milestone, there are plenty of things you need to consider and do before you are ready to sign on…
How much to save for a down payment
It might seem like it will be costly to purchase a home, and you might think that you will have a considerable down payment. Oftentimes, because people think that they cannot afford their down payment, they’re forced to keep renting…
What Credit Score Do I Need to Buy a Home?
There are rarely hard and fast requirements for a credit score when it comes to getting approved for a loan. A higher credit score will result in more favorable loan terms, such as a higher loan amount or lower interest…
Home Equity Loan vs Mortgage
Home Equity Loan vs Mortgage: What’s the Difference? When it comes to financing a home, there are a lot of options out there. One popular choice is between taking out a home equity loan or a mortgage. It’s…
Can I Afford a Mortgage?
If you’re getting ready to start house shopping, you’ve probably taken a good look at your budget and wondered how much house you can afford. Maybe you’re asking yourself if you can afford a mortgage at all! There are a…
What Does it Mean to be in Escrow?
When you are in escrow, it means that you have placed your funds with a third party in order to ensure that they are delivered to the other party in the transaction. This is often done in real estate transactions…
How Does a Mortgage Work Anyway?
If you plan to purchase a home, you have probably started to research the best mortgage options to make the most of your money. When looking at your home purchase, you have to consider both the actual cost of the…
Pros and Cons of a Fixed-Rate Mortgage
Fixed-rate mortgages are mortgages where your monthly payments will always stay the same throughout the life of the loan, which can be helpful in planning for the future. However, fixed-rate mortgages also have the potential to hinder borrowers if the…
What is a home inspection and how much does it cost?
A home inspection is a visual examination of the physical structure and systems of a home, from the roof to the foundation. It is performed by a licensed home inspector and usually takes two to four hours to complete. The…
