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3% Down Conventional Mortgage Loan

3% Down Conventional Mortgage Loan Learn about one of the newer conventional loan options, where you put 3 percent down instead of the typical 5 percent.     Traditionally Usually home buyers will put 5 percent down on a conventional mortgage loan, but what you may not know is that you may now qualify for a 3 percent down loan. There are some significant benefits to choosing this newer option. What’s the Difference? A 3 percent down loan means 2 percent less that you pay out of pocket, up front, for your home loan, compared to the five percent down conven...

June 4th, 2018 | Types of Loans, Qualify, Mortgage, Home Loans, Closing Costs, Mortgage Rate, 3% Down Conventional Mortgage Loan

Prequalify

Prequalify What is prequalification and what does it entail? Right now the real estate market is very competitive, and getting properly prequaled gives you the upper hand when buying a home. By getting prequalified, you can feel prepared and confident going in with your best offer, giving you the best chance to get your perfect home.     Questions Part of the process of prequalifying a home buyer includes questions like: “How much would you like for your maximum monthly house payments to be?” “How much savings and assets do you have that can be cons...

May 21st, 2018 | Home Loans, First-Time Home Buyer, Mortgage, Qualify, Prequalify

5 Steps To Build Credit History

5 Steps To Build Credit History Building up your credit score can seen daunting, here are 5 tips to help you start building credit now.     From home mortgage and car loans, to job offers and qualifying for rentals, your credit score is a crucial factor in your financial future. There’s no time like the present to start or continue building your credit report and improving your score!   Step 1: Know Where You’re Starting It’s tough to know what to do to improve your credit score if you don’t know where you stand, so the first step i...

December 2nd, 2017 | Build Credit, Qualify, 5 Steps To Build Credit History

5 Tips For First-Time Home Buyers

5 Tips For First-Time Home BuyersBuying your first home can be stressful. Here are 5 tips to help your first home purchase go smoothly! First-time home buyers can feel overwhelmed: from finding the right home, to qualifying for a home mortgage loan. By following a few simple tips, you can cut out a significant amount of the stress that comes with buying your first house. 1. Track your spendingBefore you can figure out how much money you can afford to pay toward monthly home mortgage, you need to know how much money you have each month after other expenses. A good way to learn about y...

August 17th, 2017 | Home Loans, Mortgage, Qualify, First-Time Home Buyer, 5 Tips For First-Time Home Buyers