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How credit influences your home financing options

How credit influences your home financing options

Whenever a new buyer client calls,  I ask if they have been pre-approved for a loan yet.  Most reply “no.”  From there I explain that before you begin looking at potential homes, you need to get pre-approved.  For most buyers, it’s a fairly easy process of speaking...
First-time Home Buyers Dominate the Market

First-time Home Buyers Dominate the Market

In some areas of the country, housing is selling like hotcakes, driven higher by the first-time home buyer segment of the market. Typically, first-time home buyers average about  40% of all home buyers, but in 2009, they composed an unprecedented 47%, according to the...
How-to’s: How Much Home Should You Buy?

How-to’s: How Much Home Should You Buy?

Conventional wisdom suggests that buying a home is a long-term investment and that you should buy as much home as you can possibly afford. It’s possible to build equity over time, but that depends largely on what you pay for a home, how robust your market is, and how...

Finance FAQ

Below are some of the frequently asked questions that are posed by homebuyers who are new to the process of buying a home: What is a mortgage? A mortgage is a loan used to buy a home or other real estate property, with the home serving as the collateral for the loan,...