A common question in real estate transactions is, “What is earnest money?” That question is then followed by, “Why should I submit earnest money with my offer?” These are two very important questions that we are happy to answer. We’ll also touch on a few related questions that often come up during this discussion. What … Read more
Many who are thinking about buying a home are put off because of their lack of a down payment. However, there are some down payment assistance programs available. From grants to deferred payment loans, help is out there. Therefore, you don’t have to wait to purchase your home. Take a look at the down payment … Read more
If you’ve been reading our Home Loan series of posts, you will have read: How to Shop for a Home Mortgage Mortgage Broker, Banker or Portfolio Lender Pre-Qualified, Pre-Approved or Fully-Underwritten? Good job! You are on your way to being an informed buyer ready to apply for your home loan. But with so many options, … Read more
If you read our “How to Shop for a Home Mortgage” and “Mortgage Broker, Banker or Portfolio Lender” blog posts, you might be wondering, “What’s the difference between being pre-qualified, pre-approved and fully-underwritten?” The answer can impact you when it comes to getting your offer accepted – or not. Before we get into the differences … Read more
Did you read our blog post on “how to shop for a home mortgage?” If so, you already know you should find your mortgage lender before you start shopping for a home. What you may be wondering now is, “What’s the difference between a mortgage broker, mortgage banker, and portfolio lender?” Mortgage Broker A mortgage broker … Read more