Understanding Your Closing Costs

One of those things that many home buyers, particularly new home buyers, don’t consider in the purchasing process or price of their new home are closing costs.

Do I Need A Good Credit Score To Get A Mortgage?

Many people believe that they will only qualify for a loan for a mortgage if they have a great credit score. While having a great credit score is a good thing when you are buying a home, to say that you cannot get a home without a stellar credit score is simply not true.

5 Things You Need to Know About Transfer Taxes

Selling your home can be such a joy and sometimes even a relief. However, the process isn’t over when the buyer signs on the dotted line. The transfer taxes still must be processed. Taxes have a way of making people’s heads spin.

What is a Real Estate Assessment and How Does It Affect Me?

Every town or city assesses homes to determine their value for property tax purposes. Since your new home mortgage will include an escrow account (money set aside each month) to pay things like property taxes and homeowners’ insurance, the assessed value of the home you’re buying will definitely affect what your monthly mortgage payment will be — just not necessarily at the outset.

5 Reasons to Finance with a Private Mortgage Lender

Choosing a lender for your home purchase does not have to be a difficult decision. Both traditional banks and private mortgage lenders can get the job done. However, there are many advantages to applying for a home loan through a private mortgage lender, such as First Savings Mortgage.

What is a Bridge Loan and Who Should Get One?

A bridge loan is a short term loan used to allow you to “bridge” the gap between purchasing your new home and selling you old one. In other words, they are designed to allow you to buy before you have closed the sale.