Written By: Mike Laquerre Quite often home buyers are unaware or confused by the term “closing costs”. Their entire focus has been on their down payment in most cases. This is especially true for first time home buyers. What becomes included as closing costs for their particular transaction may vary. However, below are some common […]
Mortgage Quick Tip: Understanding Loans
Written By: Mike Laquerre Credit: In today’s real estate market, your credit doesn’t have to be the world’s best in order to secure a mortgage. Many lending institutions will provide a mortgage to applicants with a minimum 620 credit score. It’s always a good idea to get a snapshot of your credit situation before you […]
How Homebuyers Can Improve Their Credit Written By: Sarah Szczypinski It isn’t just the number in your bank account that you need to pay attention to as you work to improve your finances before you buy a home. Credit health is essential to securing the best mortgage interest rates and terms — improving your credit […]
Written By: Sarah Szczypinski Home ownership is a critical component of the American dream — an ambition for millions. And if you’re planning to be one of them before too long — and there’s pretty good odds you are, as Realtor.com reported in October that 52% of home shoppers expect to buy a home in […]
Have you been struggling with your insurance premiums and do not understand why your policy is rising in costs year after year? When it comes to insurance rates, everyone wants reasonable policy costs, but sometimes property owners are causing their own rates to rise. To get the best premiums possible, doing a little bit of […]
Written by: Mike Laquerre If you’re like a lot of first-time home buyers you might be wondering, “What credit score do I need to buy a home?” A credit score is a number assigned to a person that indicates to lenders their capacity to repay a loan. This number is based on your credit history […]
Do you pay off your credit card bill in full every month but haven’t noticed a big improvement in your credit score? Improving credit isn’t an overnight task but with hard work, responsible spending and patience, your score will soar. Many of you are doing everything you have been told to do, but for some […]
If you have less than perfect credit and are considering a new home purchase, this article is for you! Learn four simple ways to work towards improving your credit score.
No credit, no problem!
Are you new to the credit world? Are you a first-time home buyer looking to establish credit? This blog article is for you! Featured in this blog article are four easy steps towards building a credit history.
Written by: Hannah Davis There are many excellent reasons people choose homeownership over renting. In this featured article we are going to cover what I believe to be the top five reasons to STOP renting. So let’s not waste any more time, let us dive straight into our first reason to STOP renting: No equity: […]
>Adams Homes Best of 2013 Finance Category
In our previous “Best of 2013” series we featured the top three Adams Homes Home Improvement blog articles for 2013. In our fourth “Best of” series we are featuring the top three Finance blog articles for 2013. Drum roll please…….
10 items people forget to take into consideration when planning a budget.
Written by: Hannah Davis When preparing a budget people tend to forget to budget for life’s unexpected expenses or even simple things such as birthday’s or the holidays. Before you start preparing your budget for 2014, here are 10 items to remember in your budget:
Have you been wanting to purchase a new home, but been too scared to start the process?
Let me help break down the basics to purchasing your dream home. By: Bill Panebianco Do I qualify for a mortgage? This is a very common question in today’s market. The first step to knowing if you can get a mortgage is to understand how your credit report works. The credit report has a “score” […]
The Better Home Value... Low prices or Low rates?
By: Elizabeth Porter If you are preparing to buy a home, you might be trying to perfectly time the market and wait for prices to inch just a little lower. We all want a good deal. Agreed. But could waiting for home prices to fall actually cost you more? Yes, it is possible and if […]
Explanation of PITI By: Elizabeth Porter In a previous article, we explained the difference between closing costs and escrows. In this article we will explain another term frequently heard, PITI. PITI is the abbreviation for: Principal, interest, taxes and insurance. PITI encompasses the entire monthly mortgage payment amount borrowers putting less than 20% down can […]
By: Elizabeth Porter Principal and interest, taxes and insurance, closing costs and pre-paids. These are common terms used when discussing mortgages. Once you understand all the parts and pieces that make up your monthly payment, wrapping your mind around it becomes fairly easy. The goal of this article is to help you better understand […]
By: FBC Mortgage – Team J&J THE 12 MORTGAGE DO’S AND DONT’S So you found your dream home and have secured a mortgage pre-approval. Congratulations! You are nearing the finish line of becoming a homeowner. It’s so exciting right? Proceed with caution, that approved status can slip away with just a few wrong moves. Don’t […]
By: FBC Mortgage – Team J&J THE 12 MORTGAGE DO’S AND DONT’S So you found your dream home and have secured a mortgage pre-approval. Congratulations! You are nearing the finish line of becoming a homeowner. It’s so exciting, right? Proceed with caution, that approved status can slip away with just a few wrong moves. Don’t […]
Use This Checklist As A Guide When Speaking With Your Lender About Getting A New Home Loan.
Written By: Elizabeth Porter Buying a home is a life changing experience. Not only are you achieving “The American Dream” but you are increasing your net worth and financial independence. What comes first, finding a home or finding a loan? There are benefits to getting approved first. One is that you are shopping in the […]
By: Team J&J-FBC Mortgage LLC Did you know? HUD (U.S. Department of Housing & Urban Development) has made several announcements regarding upcoming changes to FHA financing starting April 1, 2012. Below are a few highlights and key dates for you to know and how these changes could impact you getting a loan.