Home Buyers

Making an Offer: The Process
By Jen Aalderink, Mortgage Loan Officer You found it! Your home, the one you have been waiting for. From the moment you step in the front door you’re wondering where to sign the paperwork. Entering into the offer process can stir up mixed emotions. A swirling mix of elation, excitement, and a shot of anxiety are the usual ingredients. Here is your chance to read ahead and be prepared for that moment. Take a second and relax. Your real estate agent has it under control! Offer deadlines are posted by the seller (seller’s agent) and allow for a fair shake at submitting the ...
Tips For Seniors Purchasing A New Home
By Kristian Jorgensen, Mortgage Loan Officer  When making a big decision in life you’ll often get lots of advice from family and friends, but at the end of the day these decisions should be based on your situation and goals – here are tips to guide you through the decision making process of buying a home as a senior. Finances No matter your age the first question is: how much can we afford? Whether you’re closing in on or already enjoying retirement it’s always a good idea to consult with your financial advisor (and perhaps in turn your accountant) when making financial decisions. ...
The Pros and Cons of Buying a Home in a Retirement Community
By Jim Cook, Sr. Mortgage Loan Officer Perhaps you have successfully raised your family and are now watching your children establish their own homes, or maybe you’re beginning to think about downsizing and reducing the demands of home maintenance as you finish your working years. If any of these situations sound familiar, you may be considering purchasing your next home in a retirement community (sometimes called age-restricted, 55-plus, independent living, or active-adult community). But is this type of purchase for you? As the nation’s population ages, the options for downsized property have steadily grown. The U.S. Census Bureau expects 1 in 5 ...
Buying an Investment Property
By Bonnie Pappas, Mortgage Loan Officer Real estate has been very lucrative to a lot of people. However, you best be well versed before jumping right in with all of your money. Below are some things to consider before you start. Are you ready to be a landlord? Do you know your way around a toolbox? Are you a good handy person with drywall repairs, unclogging a toilet? People starting in the real estate mostly do all of their own repairs. Otherwise you will eat into any profits. Pay Down Debt First. Don’t put yourself in a position where you lack the cash ...
How to Buy a Home if You’re Self-Employed
By Grant Spencer, Mortgage Loan Officer Buying a home can be a complex endeavor for anyone, but add the additional aspect of being self-employed and the process can get complicated. When buying your new home as a self-employed person, there are some things you should know ahead of time. It’s not what you make, it’s what you claim. Like most small and medium sized business, the income a lender will use to qualify you isn’t based on how much your business made, but rather  how much was claimed to the IRS after deducting business expenses. If you’ve made 1 million in net ...
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