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Mortgage Tips

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Mortgage Tips

Are Condos Safe From Hurricanes?

What if your apartment rent was the same price as a mortgage payment? Give us a call to learn more about your personalized options. Call Us Now During hurricane season, the safety of high-rise condos becomes a top priority. There are many misconceptions about hurricane ...
Loan officer replying on Questions To Ask When Buying a Condo
Mortgage Tips

Questions To Ask When Buying A Condo? Fees and Restrictions

Are you thinking of buying a condo as your new home? Condos mix convenience and community living, which sets them apart from traditional single-family homes. They can make life easy as they are found in bustling urban centers as well as quiet suburban neighborhoods.  The ...
Joyful Loan officer answering How To Get A Lower Interest Rate On Mortgage
Mortgage Tips

How To Get A Lower Interest Rate On Mortgage?

As mortgage rates continue to rise, they have reached their highest point since 2009. Whether you are buying a home or have already bought a home, the interest rate on your mortgage can significantly affect how much you pay for your house.  Learning how to ...
Loan officers discussing the Differences Between Due Diligence and Earnest Money
Mortgage Tips

Due Diligence Vs. Earnest Money: Differences Between Them

Due diligence and earnest money are paid upfront by the buyer when they have found a property they like. Both payments demonstrate the buyer’s commitment to the transaction, but they have different purposes and implications.  Due diligence money is a payment given by the buyer ...
Loan officers talking about What Is A Home Equity Loan and How do They Work
Mortgage Tips

What Is A Home Equity Loan? Pros and Cons

Home equity is a topic that may sound more complicated than it actually is. Due to questions we’ve had, we’ve decided to make a blog post talking about what equity is, how it’s helpful to have, what you can do with it, and how it ...
Loan officers debating if Winter is A Good Time To Buy A House
Mortgage Tips

Is Winter A Good Time To Buy A House?

So you’ve heard that buying a house after the Fall months is a terrible idea, right? However, the best time where you can find your dream home at the best possible price is during the winter months. This may go against every single thing you’ve ...
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Mortgage Tips

How Do IRA Accounts Work? How To Use Them for Buying A Home

For this blog update, we’ll discuss the other types of IRAs, SEP IRAs and Simple IRAs. We’ll also go into detail what your mortgage lender will require from you if you choose to use these IRA accounts to help get into your home! SEP IRA ...
Mortgage company CEO explaining What Is A 401K Account And How To Withdraw Money Before Retirement
Mortgage Tips

How To Withdraw Money From 401k Before Retirement

Asset documentation is one of the most stressful parts of the mortgage loan process. Having to supply the most recent 2 months of bank statements, and also having to keep providing additional statements every time a new one comes out can be stressful. But the ...
Loan officers explaining the process of Buying A New Construction Home
Mortgage Tips

Buying A New Construction Home: Step-by-step Process

When it comes to buying a new home, there are plenty of options for borrowers. Buying an existing home is the most common practice currently. However, it newly built home may offer a more cost effective approach to home ownership. Buying a newly constructed condo ...