The Importance of Speaking with a Loan Officer on Your Home Buying Journey
Technology has made every aspect of buying what you need easier and more convenient. The housing industry is no exception to the trend. Online quotes and digital mortgages can make your dream of home ownership seem closer to a reality than ever before, but the information you receive can be deceiving.
What is an Over-inflated Appraisal and How Does it Affect Home Buyers?
An appraisal is an important number in the process of buying a home. The appraisal will tell the seller, lender, and buyer how much a home is worth. Since the purpose of an appraisal is to protect the lender and buyer from overpaying, it is usually part of the closing process of a home purchase.
What is EAHP? How Can it Help You with Homeownership in D.C.?
Homeownership in the nation’s capital is possible through a special program for DC government employees. Eligible employees can apply for financial assistance through the Employer-Assisted Housing Program (EAHP). The program provides assistance with down payment and closing costs toward an employee’s first home.
Can You Purchase a Multiple Home Property With an FHA or a HomePossible Loan?
Owning the perfect home in the perfect city, in the perfect neighborhood is a dream for most. What most are not aware of is that there are loans available for those who do not have as much cash to put down up front. FHA loans and the Home Possible loan are two types of loans which are alternatives to the conventional loan.
Reasons to Become a Landlord
Many people debate whether or not you should rent or buy a home. Many are happy renting. They have a place to live without any responsibilities that come along with homeownership. However, just as many people don’t want to waste their money by renting. They want to work on paying off their home and getting equity.
5 Questions All Listing Agents Should Ask Lender’s About The Buyer’s Pre-Qualifications
There is a lot involved in the process of obtaining a mortgage and buying a house, and all parties involved should keep in mind that they are all there to help each other. Everyone has specific areas of expertise, and they all expect to answer questions in order to ensure that the process runs as smoothly as possible from start to finish!