The first critical step to your dream
Purchase Plus Improvements: How can you renovate your new home? When you are buying a home, sometimes you may want to do some renovations once you own the house. The Purchase plus Improvements program can provide you with this option. The program allows you to add up to 10% of the purchase value in improvements. […]
Home Inspections Home inspections are a very wise investment and should be considered on any purchase you are seriously considering. They can point out any current or potential issues in your new home. Along with a written detailed report you will also get rough estimates of the cost of repairing any issues that are uncovered. […]
Making your offer to purchase The fun begins! This is an exciting part in the process! You found your new home, in your perfect neighborhood. You can picture yourself in the house, raising your family, relaxing in your yard enjoying the smells of a BBQ. Now it’s time to make an offer for your new […]
Paperwork: What do I need to provide to a lender or bank? This subject is a little more difficult to define as each lender may request a variety of different paperwork depending on the mortgage you are getting. I will review the basic paperwork and anything else a lender may ask for. To be safe, […]
Pre-approvals: Why you must get it in writing A written pre-approval provides you with proof you have been pre-approved for a mortgage. It provides you with a rate hold for up to 120 days. This means your rate will not go up during this period. A pre-approval also provides you with a list of conditions […]
Mortgage Types and Terms: What you need to know Depending on your situation you will find a variety of mortgage option available. There are two main types of mortgages: 1) Fixed term mortgages 2) Variable Rate mortgage: With each of these types of mortgages there are also: 1) Closed mortgages 2) Open mortgages Let’s look […]
Down Payments and their sources Every real estate purchase you make will require a down payment. The main purpose of the down payment is to show your intent to buy your new home. Even better if you can prove you have saved for it over time. Lenders like to see you save for the down […]
The 3 Types of Insurance with your mortgage Mortgages require 3 types of insurance, each has its own purpose. Depending on your down payment amount you may need all three. If you have a conventional mortgage you will not need the first type of insurance. If your down payment is less than 20% you will […]