5 Things You Need to Know about Amortization Schedules

Am-or-ti-za-tion. Try saying that five times fast! In addition to earning you a zillion Scrabble points, amortization is an important concept for every home buyer to comprehend. After all, it’s the secret to understanding your mortgage loan and paying it down over time. And for a debt as large as a home, that’s a secret […]

How to Buy a House if You have Filed for Bankruptcy

There’s no question: Life would be easier if you could really collect $200 every time you passed “Go.” Unfortunately, the world is more complicated than a board game. And sometimes, you have to take drastic measures to pull yourself up from underwater.  If you’ve filed for bankruptcy, it could feel like game over. No more […]

What do You Actually Need to Get a Mortgage?

Do you know what the requirements are for obtaining a mortgage? Do you qualify for a home in your desired neighborhood?  If you answered “no” to the first question, you may not realize that the answer to the second is likely “yes.” The Federal National Mortgage Association, commonly known as Fannie Mae, recently released some […]

4 Important Questions You Need to Ask before You Make Your Down Payment

Gone are the days of markets laden with low-price foreclosures and tax incentive programs for first-time buyers. Our regional real estate market has gotten more competitive over the last decade, and buyers at many price points must be ready to make an offer on a home as soon as they find their perfect fit. The […]

Quiz: How Many of these Mortgage Abbreviations do You Know?

The home mortgage process is more complicated than it used to be. Well-qualified people often find themselves delayed or even unable to close due to lender-mandated, last-minute changes and requests. Nothing is worse than finding the perfect home, and then having circumstances out of your control prevent you from realizing that dream. And in many […]

4 Mortgage Mistakes to Avoid for a Stress-Free Process

When you apply for a home mortgage, you have a lot riding on successfully completing the process on time. Not securing that mortgage on time could mean losing your due diligence money, increased moving expenses, and even becoming responsible for seller expenses. That’s a lot of extra stress (and expense) piled on top of an […]