Steps in refinancing your home
If your financial position has changed or the value of your home has gone up since you purchased it, you may be considering changing the terms of your home loan. If you want to get more favorable terms, lower your…
When to Consider a Second Mortgage (And When to Avoid It)
Over half of American homeowners financed their home purchase and have a mortgage. Banks and lenders like this arrangement because they earn money in the form of interest payments when they loan money to buyers. Buyers like it because they…
The Truth About No Cost Loans
The Truth about No Cost Loans There has been a lot of confusion over the years about so called “No Cost” loans and whether they are beneficial to borrowers. Some Loan Officers sell them almost exclusively and others feel they…
Pre-Qualification vs Pre-Approval: A Huge Difference!
PRE-APPROVAL vs PREQUALIFICATION: A HUGE DIFFERENCE! When you initially set out to purchase a new home, the real estate agent(s) and home seller will want to know you can actually afford the home. Frankly, you should want to know too…
What NOT to do during the loan process
What NOT to do while buying a home!!! Do not: Apply for new credit cards or lines of credit. And speaking of credit, try not to increase the balance on your credit cards more than you normally would. Do not: Buy…
MortgageOne has quick closing times!!
We will get your loan approved in as little as 15 days and ready for docs within 21 days with your timely cooperation! The amazing MortgageOne Team has gotten application to approvals in as little as 3 business days! The…
Credit Score Basics
CREDIT SCORE BASICS Credit scores are required on most mortgage loans…in fact over 90% of all U.S. lenders use FICO credit scores when making lending decisions. The classic FICO credit score is produced from software developed by Fair Isaac Corporation…
Two major items home buyers need to think about before contacting a realtor.
Many people find it useful to have a checklist and on any good checklist these 2 items should be the first items on that list. as they are essential to getting the ball rolling on your dream of home ownership…
How to pick the right real estate agent
In our last post we talked about the pre-approval and how the twp most important items that any potential home buyer needed to focus on first was their credit and their pre-approval. Assuming all looked good in those areas, the…
Finding a home and making an offer
In earlier posts we discussed finding the right lender and realtor. Now it is time to move on to the most exciting and sometimes nerve racking part of the home buying process. It is time to search for that home…
