What Can We Learn from the Bible about Borrowing Money?
Based on recent reports from the financial sector, an estimated 80 percent of American households are currently in debt. On a national level, consumer debt amounts to more than $14 trillion. Furthermore, nearly half of Americans are living paycheck to paycheck, and at least 20 percent report having to allot 50 percent of their monthly […]
Why the Lowest Interest Rate Is Not Always the Best Rate
Most people want to know what they can do to get a lower interest rate. When a person thinks about all the ads that are “out there,” showing how certain banks or lenders are offering the lowest mortgage rate or lowest interest rate possible, it’s no question why this is everyone’s main focus when they […]
Multi-Family Dwellings vs Single-Family: Which One is the Better Investment?
Investing in real estate offers lucrative benefits. These investments can generate a steady flow of income, allowing owners to capitalize on their efforts and improve their financial outlook. Those who want to get started in real estate investment have many options. Investors must decide whether to invest in multi-family or single-family dwellings. Which of these […]
Can You Buy a House After Filing Bankruptcy?
It may seem like a far-off dream to be able to purchase a home after a bankruptcy. After all, a bankruptcy does stay on a credit report for up to 10 years, and it’s not something lenders want to see when they’re thinking about loaning money to a client. However, it’s not always necessary to […]
What is an Escrow Account and How Does it Work?
Escrow is one of those terms commonly used in real estate that many people may not understand if they’re buying a home for the first time. Escrow is basically a temporary account held by a third party to make sure funds are properly held until certain conditions are met. In real estate transactions like buying […]
Don’t Waste Any More Money Renting – Get a Home Loan and Buy a Home!
Don’t Waste Any More Money Renting – Get a Home Loan and Buy a Home! For those of you renting, wouldn’t it be nice to put that money toward a new home? Even if you don’t plan on staying in your home for a long time, it makes perfect sense to purchase a home and […]
How to prepare to buy a house in 2023
Buying a house in 2023 will be both an exciting and daunting process. 2023 is the year that we believe potential home buyers will have more control over their home purchase terms than they have had in a long time. Mortgage interest rate increases over the past year have led to many potential buyers sitting […]
Pre-Qualification Versus Pre-Approval
For buyers ready to start looking at homes, terms can get confusing, especially if this is a first-time home buyer. Pre-qualification and pre-approval are often used interchangeably, but they are very different and have different impacts on buying a home. Read below to learn more about these two terms and what they mean. Pre-Qualification for […]
How to Make a Competitive Offer on a Home
In today’s market, even with the recent changes, sellers still have the upper hand. Any offer you put in needs to be as competitive as possible, so you have a higher chance of being accepted. Use the steps here to make sure you’re making a competitive offer that has a higher chance of being accepted […]
Simple Steps to Pre-Qualify for a Loan
Pre-qualification provides buyers with insight into how much money they can borrow to purchase a home. It also gives them the chance to make sure they are ready to buy a home and will likely qualify for a mortgage once they’re ready to do so. Plus, pre-qualification can look better to sellers when the buyer […]
