Warning: Creating default object from empty value in /home/mortgage/public_html/wp-content/themes/freshnews/functions/admin-hooks.php on line 160

*These fields are required.

Powered by Salesforce CRM
Get in touch: 321.300.LOAN
5626

Tag Archives: first time home buyer

Home Buying Tips: Questions First-Time Home Buyers Should Ask

November 8, 2012

0 Comments

Buying your first home can be exciting, but you should also do your research to make sure that you ask the right questions.

Continue reading...

Talk the Talk – Know the Mortgage Lingo at Closing!

August 21, 2011

0 Comments

What the heck are they talking about? Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek. Even though you may have put your trust in your real estate and mortgage team, it helps to understand some of the terminology so that [...]

Continue reading...

First-Time Home Buyer Credit Checklist

August 7, 2011

0 Comments

Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts to keep in mind throughout the mortgage approval process: DO: Continue [...]

Continue reading...

Calculating Loan-to-Value (LTV)

July 17, 2011

0 Comments

Understanding the definition of Loan-to-Value (LTV), and how it impacts a mortgage approval, will help you determine what type of loan amount and program you may qualify for. Since the LTV Ratio is a major component of getting approved for a new mortgage, it’s a good idea to learn the simple math of calculating the [...]

Continue reading...

Renting vs Buying A Home

July 3, 2011

0 Comments

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the [...]

Continue reading...

What You Need To Know About The Home Inspection Process

June 26, 2011

0 Comments

Congratulations on finding a house! You now have only a few days from when you signed the purchase and sales agreement to have a home inspection. Chances are your real estate agent made the offer contingent upon a satisfactorily home inspection and obtaining mortgage financing. What Is A Home Inspection? According to Wikipedia, a home inspection [...]

Continue reading...

HOA Hurdles to be Aware of When Looking at New Properties

June 19, 2011

0 Comments

A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project. According to Wikipedia: A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of [...]

Continue reading...

Common Documents Required For A Mortgage Pre-Approval

May 22, 2011

0 Comments

Even though many lenders are still quoting quick 10 minute pre-qualifications over the phone or online, a true mortgage approval that holds any weight is one that has been issued by an underwriter who has had an opportunity to review all of the necessary documents. With a constant stream of new lending guidelines, volatile mortgage [...]

Continue reading...

Where Does My Earnest Money Go?

May 8, 2011

0 Comments

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a [...]

Continue reading...

What’s My Debt-to-Income (DTI) Ratio?

May 1, 2011

0 Comments

Debt-to-Income (DTI) is one of the many new mortgage related terms many First-Time Home Buyers will get used to hearing. DTI is a component of the mortgage approval process that measures a borrower’s Gross Monthly Income compared to their credit payments and other monthly liabilities. Debt-to-Income Ratios are designed to give guidance on acceptable levels [...]

Continue reading...
Chris Brown
Chris Brown is the premier expert on HARP loans and Government FHA and VA loans. Please visit The Mortgage Chili Blog