Home Buyers

Why You Should Buy a Home with a Real Estate Agent
By John Fitzgerald, Mortgage Loan Officer  So you have decided that it’s time to make a move! Whether you are purchasing a home for the first time or the sixth time, buying a home is an exciting event. Fortunately, a real estate agent acting as your buyer’s agent can help you navigate the process and allow you to focus on everyday life, all while planning your eventual move to your new home. Let’s discuss how your local realtor can help you find the right home for you and your family. Better Access to More Information Realtors help you navigate the home buying process ...
The Pros and Cons of Buying a Vacation Home
By Nicole Moore, Mortgage Loan Officer Many people dream about having a second home or vacation home. The idea that we can easily get away to a different location and escape our everyday lives seems appealing for most. When considering whether or not to purchase a vacation home, there are general pros and cons to consider. Pros Vacation properties are more likely to maintain or increase value because they are located in high demand areas with a geographically limited supply. You may be able to obtain higher yields from a vacation home vs. a traditional rental property. Rental income can be generated ...
How to Manage Getting Married and Buying a Home
By Carrie Soffia, Mortgage Loan Officer Congratulations on your upcoming nuptials! Wedding plans have begun and you decide to start looking for a new home to begin your life adventure in. Before making these two big commitments, consider your options, make a plan, budget accordingly, and don’t forget to breathe! Consider Your Options To buy or not to buy a home before your big day? That is one question to consider! Determine the financial impact it will have on your immediate future.  Some cost saving options would be asking family or friends to help out by gifting flowers, catering, and videography or photography ...
What is Needed for a Pre-Approval?
By Diego Arteaga, Mortgage Loan Officer Getting a mortgage might seem like an overwhelming task, but being prepared and having the right documentation upfront can make buying a home and obtaining a mortgage a smooth process. Getting pre-approved for a mortgage before you go home shopping isn’t required, but it is a good idea so your realtor knows what value of home to help you find and the seller knows you are a serious buyer. When getting pre-approved, financial institutions want to see how likely you are to repay your mortgage; thus, they make their decision on three factors: income, assets and ...
How Credit Affects Your Mortgage
By Zarine Torrey, Senior Mortgage Loan Officer For some, home ownership is a critical part of the American Dream. There is a profound sense of pride and freedom that comes from owning a home, in addition to increased financial security. Buying a home is a major step in one’s life, and takes efficient planning. Before you look for a home, it’s smart to check your credit scores, with a pull from the three major credit agencies. Your credit is one of the most important factors in qualifying for a mortgage. It also dictates what program you can qualify for, the amount of ...
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