WHY SHOULD YOU GET A MORTGAGE PRE-APPROVAL FIRST?

WHY SHOULD YOU GET A MORTGAGE PRE-APPROVAL FIRST?

You can easily get caught up with the excitement of buying a new home. But remember, its important to establish yourself as a serious buyer, and this can be done through a pre-approved mortgage.Purchasing another house is a long procedure. It requires exertion and...
WHY “NO CLOSING COST” HOME LOANS STILL MAKE YOU PAY

WHY “NO CLOSING COST” HOME LOANS STILL MAKE YOU PAY

Hearing “no closing cost” loan almost sounds too good to be true! Afterall, who wouldn’t want to save thousands on their refinance? But, prior to doing so, there are elements you need to think over. Contrary to what the name suggests, the loan will cost you. HOW...
Cash-out Refinances Pick Up, Plus Other Housing Trends

Cash-out Refinances Pick Up, Plus Other Housing Trends

Refinances, particularly cash-out refinances, picked up during the first quarter of 2019 per Freddie Mac’sHousing Outlook in May. This resilience in refi activity, combined with declining mortgage rates and rising home prices, made Freddie to revise its projections...
Understanding a Home’s Fair Market Value

Understanding a Home’s Fair Market Value

The fair market value (FMV) of a home refers to an estimated price that it would sell at. The FMV is a price that the seller and buyer theoretically agree to in an average market. The FMV uses impartial approaches to determine a home’s value. The buyer or seller’s...