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What Does the Letter State? A commitment letter specifies the type of mortgage being obtained, the amount of money being borrowed, the terms or length of the repayment period, and the mortgage interes...
Smart Ways to Save For a Down Payment
Purchasing a home is totally doable, it just requires some financial planning and preparation. In a recent survey from Cultural Outreach, most NextGen (both millennial and Gen Z demographics) first-ti...
10 Questions for the First Meeting With Your Loan Officer
They will walk you through every step of the home loan process, from applying and submitting financial documents to closing on your home purchase, and even repaying the mortgage. But before you ever s...
What You Need to Know About the 20% Down Payment Myth
How Low Can You Go? Once upon a time, saving for a 20% down payment was an expected part of buying a home. However, the introduction of the FHA mortgage in the 1930s did away with this hefty savings r...
8 Questions Every Homebuyer Should Ask Their Real Estate Agent
How Long Have You Been a Real Estate Agent? Knowing how long your real estate agent has been working is important. While being new to the industry doesn’t mean they’re not skilled, it can mean that t...
The 5 Major Factors That Cause Home Prices to Fluctuate
1. Economic change One of the biggest influences in real estate fluctuation is the health of the economy. This is typically measured by indicators like employment data, manufacturing activity, the pr...
What the pandemic means for the spring homebuying season
In this time of crisis, people are returning to the roots of their humanity and looking to the nostalgic pastimes of generations ago like baking sourdough bread and gardening. The home has once again ...
3 Tips to Avoid Buyer’s Remorse and Shop Smarter
Everyone experiences buyer’s remorse at some point or another and to varying degrees. Whether it’s as small as splurging on a latte or pulling the trigger on a home purchase. Will the new spending psy...
Tips for Buying a Home in a Seller’s Market
Believe it or not, this is what buying in a seller’s market can be like. These so-called “hot markets” are where housing inventory is low and prices are relatively high. And while these conditions are...