What You Need to Know About the New Fannie Mae Credit Score Averaging

What You Need to Know About the New Fannie Mae Credit Score Averaging

Purchasing a house is a huge milestone for anyone, especially for co-borrowers buying a home together for the first time. It used to be challenging to qualify for a mortgage if one co-borrower had a less-than-stellar credit score. The dream…
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What Does Under Contract Mean, and What Are Contingencies?

If you’re buying a home for the first time, or even for the first time in a while, it’s helpful to review the different steps and milestones you’ll need to be prepared for as you go through your homeownership journey.…
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How to Reduce Mortgage Insurance Premiums on FHA Loans

Buying a house is one of the most significant financial decisions that you can make. Whether you are a first-time homebuyer, or you’ve been through the process before, you should always explore your loan options. FHA (Federal Housing Administration) loans have…
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How To Increase Your Mortgage Pre-Approval Amount

When starting out on your home buying journey, especially when you’re looking to purchase your first home, it’s important to figure out how much of a mortgage you can comfortably afford.  A great way to do that is by getting…
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Why You Should Use a Local Mortgage Lender

When it comes to buying a home, one of the most important decisions you’ll make is choosing a mortgage lender. While you can work with a lender from anywhere in the country, so long as they’re licensed to originate loans…
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What Are Non-Conforming Loans and How Do They Work?

As you begin your homebuying journey, your first concern is probably, “How am I going to finance my house?” If you’ve missed a couple of credit card payments and your credit score is still recovering, or you once filed for…
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How To Transition from Renter to First-Time Homeowner

Are you ready to make the jump from renter to first-time homebuyer, but feel like you don’t even know how to get started? You’re not alone! There are many steps in the home buying process, and it’s one of the…
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What To Expect The Week of Closing on Your House

You’re almost there! You’ve worked with your loan officer to find the best loan program for you, found a house you love, and got your offer accepted. Now there’s some paperwork and final steps that are all that’s left before…
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How Long Does It Take to Get Mortgage Pre-Approval?

The very first step in buying a home is making the decision that you’re ready to buy.  The next step after that is determining how much you can afford and what your financing options are. Getting pre-approved by a lender…
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What To Do When Your Appraisal Comes In Lower Than Your Offer

Appraisals are an important part of the mortgage process, mainly because they ensure that you’re paying a fair price for your new home as a buyer. Appraisals also act as a safeguard for all parties involved, from the seller to…
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