Home Buying Tips

30

Oct

Home Buying Tips

Building Good Relationships and Getting to Know Your New Neighbors

Moving into a new home is an exciting milestone, but it’s important to remember that making the house feel like home involves more than just unpacking boxes. Building good relationships with your neighbors can help you settle in more quickly and foster a sense of belonging in your new community. Here are a few simple but effective ways to get to know your neighbors and create a welcoming environment. 1. Break the Ice with a Friendly Introduction It may seem old-fashioned, but a warm introduction can go a long way toward building rapport. Whether you’re moving into a bustling city…

17

Oct

By Lori Blank

Home Buying Tips

What Homebuyers and Sellers Need to Know About Statements of Information

When purchasing or selling a property, the title company plays a crucial role in ensuring that the transaction proceeds smoothly. A significant part of this process involves completing a Statement of Information (SOI), which helps the title company distinguish between individuals with similar names. This step is essential to protect all parties involved and ensure a clean title transfer. What Is a Statement of Information? A Statement of Information is a form requested by the title company from buyers, sellers, and borrowers when seeking title insurance. It contains personal details that allow the title company to differentiate the actual buyers…

31

Jan

By Lori Blank

Home Buying Tips

Understanding the Jumbo Mortgage and Why Refinancing is Different

The contemporary trend towards expansive dimensions is palpable in various aspects of modern life. Oversized soft drinks, large fast-food meals, and expansive smartphones have become ubiquitous. However, one unlikely sector experiencing a similar trend is the realm of mortgages. Delving into the specifics, what exactly constitutes a jumbo mortgage? How does it differ from its conventional counterpart, and what implications does it hold for potential refinancing? Here's a comprehensive overview. Jumbo Mortgages As the name suggests, the primary distinguishing factor of jumbo mortgages lies in the loan limit. Fannie Mae and Freddie Mac administer mortgage limits nationwide, contingent upon the…

04

Oct

By Lori Blank

Home Buying Tips

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

Are you the type of person that struggles with remembering to pay their bills on time? You're not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let's take a quick look at how paying your loan or other monthly payments late can have a negative impact on your mortgage. Your Credit Score Is At Risk As you already know, almost all banks, credit cards, mortgage companies and other lenders rely on your credit score to help assess the risk of lending money to you. Paying any of your payments late – even…

25

Jun

By Lori Blank

Home Buying Tips

Getting Past No: What To Do If You’re Turned Down For A Mortgage Or Other Home Financing

Getting pre-approved for a mortgage loan is an integral part of having the ability to purchase a home in today's society. With most home prices well above what the majority of us have in the bank, getting approved for a mortgage can be the deal maker or breaker when it comes to purchasing a piece of property. Therefore, getting rejected for a mortgage can feel like a huge loss. The first thing to realize, however, is that there are action steps you can take to get to "yes." Here's what to do if you're turned down for a mortgage or…