Smart Moves First-time Homebuyers Should Do When Buying a Flipped Home

Many first-time homebuyers could be out in the market struggling to find the home that ticks all the boxes. But for those who are willing to shell out a few thousand bucks more for a property that they can call home, they need to know if they are about to buy a flipped home. As someone buying a home for the first time, you don’t want to pay for a property with serious defects like what actress Rachel Bloom and husband, Daniel Gregor found out from the flipped home they bought in 2015.

Read More...

Intent to Proceed: More Than Just Moving Forward with a Loan Application

Expressing an “intent to proceed” is another critical step in the home buying process that you need to decide after shopping and getting pre-approved by a few mortgage lenders. In simple terms, intending to proceed means that you’ve finally chosen a lender who you think offers you the most competitive rates. As a first-time homebuyer, there are things that you need to understand if you plan to proceed with your application with a particular lender because this will be the first time a lender will start charging you fees, other than a credit report fee.

Read More...

Simple Ways to Safely Prepare a Turkey on Thanksgiving

Nothing’s more disastrous than improperly prepared dishes on Thanksgiving. Holiday poultry staples like turkey and chicken can cause serious foodborne diseases when not properly handled. In fact, a recent survey revealed that Thanksgiving dinner hosts find it difficult to properly cook the turkey. If this is your first time to host a Thanksgiving dinner, now is the perfect time to have a turkey handling safety refresher so you can have an enjoyable holiday with the whole family.

Read More...

5 Solar Options Homeowners May Consider

As a homeowner, you probably have heard that going solar may help you reduce electricity costs and it significantly reduces the ill effects of climate change by curbing carbon footprints. You’ll never go wrong as you realize the notable benefits of going solar. Although photovoltaic or PV systems have become more affordable through the years, you may still find it costly to go solar if you’re earning an average income.

Read More...

8 Scam Signs Every Troubled Homeowner Must Avoid

Becoming a homeowner is probably one of the most fulfilling experiences anyone can have. At last, you now own a piece of the American dream. However, you’ll realize, unfortunate events could happen along the way as you work to pay off your mortgage. If such unfortunate events start to affect your ability to settle your monthly mortgage payments it’s normal to seek help, especially if you think that you might head to foreclosure. During this difficult time, you might be vulnerable to scams that could drain your funds.

Read More...

HomeReady® Mortgage: An Affordable Option for Serious Gen Z Homebuyers

Generation Z is, no doubt, the next bloodline that will keep the housing market alive. Recent surveys have suggested that there’s an increasing number of credit-eligible individuals from this generation taking out mortgages compared with other forms of debt. For someone who’s young and planning to buy his or her first home, taking a HomeReady® mortgage can be an affordable option.

Read More...

Everything You Need to Know About Renting a Home

Personal preferences and finances are some of the factors why renting a home might make more sense for some people. You may consider renting a home if you want to live an independent life that’s close to your workplace. Renting is also a viable option for young families who are still saving for a down payment for their dream home. As someone looking to rent a single-family home, it’s important that you understand how the process works especially if this is your first time.

Read More...

Common Mortgage Acronyms Every Gen Z Homebuyers Should Know

The number of Generation Z homebuyers are expected to grow in the next couple of years. As the youngest credit-eligible generation planning to buy a home, you should be aware of the industry-specific acronyms that you’ll encounter which may appear to be very technical. It’s critical that you know and understand the common mortgage acronyms by heart to avoid costly mistakes and help you get the best deal.

Read More...

Reduce Your VA-backed Home Loan Interest Through IRRRL (Interest Rate Reduction Refinance Loan)

The Department of Veterans Affairs (VA) extends its helping hands to financially-challenged Veterans who have taken a VA-backed home loan. After serving the country, our Veterans truly deserve to get all the help they need to have a comfortable living back here at home. Through the Interest Rate Reduction Refinance Loan or IRRRL, it is possible for Veterans to streamline refinance their current VA-backed loan, especially nowadays that interest rates are becoming more favorable to borrowers.

Read More...

6 Factors That Can Increase a Loan Estimate

A loan estimate is an important document that would-be homebuyers receive when applying for a mortgage. In general, the three-page document estimates everything that a homebuyer needs to pay for the entire loan. While loan estimates are designed to help homebuyers better understand the mortgage loan terms, there are some instances when the final Loan Estimate may be higher than what was originally quoted.

Read More...