GATHER FINANCIALS Request your credit report from all 3 credit bureaus (Equifax, Experian, and Transunion). Fix any errors. Compile necessary documents, including pay stubs, bank statements, and past tax returns. RESEARCH MORTGAGES Find out if you qualify for a special loan, such as a VA, FHA or HUD homebuying program. Request quotes from multiple lenders and comparison shop for loans. If you...
Credit for map to home ownership given to market leader and referenced sources. Map was taken directly from their site as a good tool for home...
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation. Every $100 you pay per month on a credit payment could cost you about $10,000 in home eligibility. For example, a car payment of $300/month could mean that you qualify for $30,000 less in a...
Buying a home will probably rank as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best home deal possible with the least amount of stress. It’s important to anticipate the steps required to successfully achieve your housing goal and to build a plan of action that gets you there. Before you can build a plan of action,...
It's Time to Cozy Up in the Cold! And save money on energy, too. With winter season approaching fast, don't let energy bills skyrocket. Here are a few steps you can take to get your home safe and ready for the season, and save money on energy, too: Clean the Chimney. Even if you only use your fireplace a few times a year, an annual pre-season chimney sweep is extremely important. When wood is...
Mortgage Bankers. Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker. Some companies don’t sell directly to those major investors, but sell their loans to the mortgage bankers. They often...
Looking to move to Lexington, SC? You've come to the right place. Both Angela and I have been long-time residents of the town, and we've got all the information you need to find out if living here is right for you. Let's start with the statistics. Lexington, SC is located in Lexington County and has a population of 23,759 residents. Lexington is the largest town in the county and is the second largest...
Moving is stressful. Moving during the most “wonderful time of the year” is even more stressful. At a time when people look forward to celebrating and spending time with family and friends, the last thing anyone wants to do is pack boxes, clean and try to find a moving company. But sometimes, you just don’t have a choice. We can’t always pick when we need to relocate, but moving doesn’t have to...
As a buyer, you are entitled to know exactly what you are getting. Don’t take anything for granted, not even what you see or what the seller or listing agent tell you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new one. An inspection is an opportunity to have an expert look closely at the property you are considering purchasing and getting both...
It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home. Most lenders can pre-qualify you for a mortgage over the phone. Based on general questions about your income, debt, assets, and credit history, lenders can estimate...
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