Tag Archives: home loan
How Much Home Can You Afford to Buy?
Have you ever asked yourself this question: How much home can I afford to buy? If you did, and are still wondering the answer, we’ll help to answer it here. Figuring out just how much home you can afford is an important aspect of buying a home. You find a home you absolutely love and begin the whole loan process only to be disappointed because you simply cannot afford it. By figuring out how much house you can afford beforehand, […]
Home Refinancing Basics
In today’s world of tight credit standards, government confusion, and record-low interest rates, it is beneficial to every homeowner, regardless of status, wealth, or property type, to know the home refinancing basics. Homeowners all across America as well as many other countries are clamoring to take advantage of these low interest rates, and in order for them to be successful, they should consider three factors: Refinancing only makes sense if the long term savings outweigh the cost of refinancing. Homeowners […]
How Much Cash Do I Need for a Down Payment when Buying a Home?
Getting pre-qualified before touring homes can be a great way to ensure that you can act fast in today’s real estate market. When you’re on the prowl for that perfect property and are ready to pounce, the last thing you need is a pre-qualification delaying your offer. One of the questions your mortgage professional with inevitably ask is, “How much do you want to put down?” Your down payment can be a gateway into a variety of useful mortgage programs […]
The difference between pre-qual. and preapproved for mortgage.
Many LGBT real estate buyers and gays and lesbians borrowing a mortgage to finance or refinance a home want to know the difference between a prequalified and a preapproved loan. On the surface they sound quite similar, but in practice they have significant differences that relate to the level of commitment a lender is making to the LGBT borrower. The big difference is that prequalification has to do with the process a lender goes through to find out if […]
Three Common Pitfalls for LGBT Home Buyers to Avoid
Buying a home is huge step, and often represents the culmination of a lifelong dream. But while under the thrilling spell of the home buying experience many LGBT buyers fall victim to three of the biggest mistakes. Became familiar with these pitfalls to successfully avoid them. #1 Overreaching One of the many companies directly owned by Warren Buffett, the most successful investor in American history, is a business that builds and sells homes across the United States. Addressing the shareholders […]