FHA Loan Overview An FHA loan is backed by the Federal Housing Administration, which is a government agency. Because this loan is backed by the government, it lets mortgage lenders offer lower interest rates, which helps home-buyers save money or increase their purchase price. Like other loans, the FHA factors in your debt-to-income ratio, also known as …
FHA vs Conventional Loans: What Are The Key Differences? Read More »
Buying your dream home is a complicated process, so it’s no wonder why a lot of first-time buyers miss the important details. Read about these common mistakes now, so you don’t have to learn these lessons later down the road. Mistake #1 Not knowing your price range If you don’t nail down a reasonable price …
9 Common First-Time Home Buyer Mistakes (and How to Avoid Them) Read More »
Am I ready to buy a home? Buying a home is one of the biggest financial decisions you can make. A great first step to deciding if you’re ready is to get pre-qualified by a mortgage loan officer. When you get pre-qualified, this means talking to a mortgage professional about your financial situation. The mortgage …
While these terms may sound similar, there are big differences between the two. As you begin the process of finding your dream home, you should understand what it will take to get pre-qualified versus pre-approved for a mortgage. What Does It Mean To Get Pre-Qualified? When you get pre-qualified, this means a mortgage professional has …
Pre-Qualified vs Pre-Approved: What’s The Difference? Read More »
Purchasing a house is a big deal, especially if you’re a first-time homebuyer. Check out these important tips to help you make the right moves toward finding your dream home. To help better explain the home-buying process, we’ve separated these tips into 3 sections: Understanding The Down Payment Applying For A Mortgage Shopping For A …
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