New Home

What to Expect If You’re Buying a Home in 2021

Hope is in the air this spring as the economy gains strength, an increasing number of Americans receive vaccines, and post-pandemic life starts to feel within reach. As the weather warms, this sense of excitement and confidence can be felt even in the housing market. Mortgage rates remain at historic lows, while more homeowners begin […]

Home Improvement

What Is Home Equity and How Can You Use It?

Scrolling through Zillow is a great way to get a sneak peek at the beautiful floor plans or not-so-stylish kitchen concepts of houses nearby. But even real estate websites can’t tell the full story of a property. And just like a home’s beauty is in the eye of the beholder, a home’s value lies in […]

New Home

From Search to Signing: How Long Does It Take to Buy a House?

What’s the longest you’ve waited in line to purchase something? Three hours, maybe three days? Well, if you’re in the market for a home, you may have to practice patience for a bit longer. Buying a home involves several moving parts, which means the process from start to finish can take anywhere from a month […]

New Home

Understanding Home Appraisals: Know Your Home’s Value

Buying a home is an exciting experience — but before you can bask in the joy of ownership, you have to tick a few tasks off your list. One important step to tackle: getting a home appraisal. A home appraisal provides your lender with an accurate estimate of the house’s value. So, if you’re in […]

New Home

What Is a Mortgage Pre-Approval?

The last thing you want is to fall in love with a house that ends up being out of your budget — or even worse, to seal the deal on a house you can’t comfortably afford. Fortunately, you can avoid both of these situations with a mortgage pre-approval or pre-qualification. A mortgage pre-approval or pre-qualification […]

New Home

Considering an Adjustable-Rate Mortgage? Here’s What You Need to Know  

When you’re buying a home, you’ll want to consider how soon you’ll sell it and move on. Knowing how likely you are to move, upgrade, or downsize within the next 10 years, can help you decide if an adjustable-rate mortgage is best for you. Certain mortgages, like an adjustable-rate mortgage, can help you save money […]

New Home

What Credit Score Do I Need to Buy a Home?

Your credit score may just be three digits, but it’s significant in a lender’s equation for determining whether you’re approved for a mortgage loan. For first-time homebuyers and repeat buyers alike, you might not know what credit score you need to buy a home — or realize that your score can affect your loan options. […]

New Home

What Debt-to-Income Ratio Do You Need for a Mortgage?

As you shop for a home (and a mortgage to accompany it), you aren’t the only one who is reviewing your financial health. Lenders also examine several elements of it to better understand what kind of borrower and spender you are. One number that’s worth a thousand words? Your debt-to-income ratio. Here’s what lenders look […]

New Home

Jumbo Loan Limits 2021: What You Need to Know

A jumbo loan could fit you like a glove if you’re buying a more expensive home and need to borrow more than the conforming loan limits allow. So, if you’re looking at an upscale property or simply one in an area of the country where the cost of living is high, here’s what you need […]

Home

How Often Can You Refinance Your Home?

Refinancing could potentially save you money, make your monthly home loan payments more manageable, and even give you more control over your house’s equity. It can be a pretty sweet deal — but can you do it more than once? And more importantly, should you? If you’re wondering, “how often can you refinance your home?”, […]

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