Posts Categorized: Home Buying Tips

Looking to Buy a Second Home? Jump in Now Before Rates Go Back Up in April

There will be rising costs for second home loans starting April 1, 2022. The FHFA (Federal Housing Finance Agency) recently announced that they will be increasing fees on specific home loans, including higher upfront fees on some high-balance and second-home loans that are sold to Fannie Mae and Freddie Mac. These fees will increase the… Read more »

6 Reasons to Own a Home Instead of Renting

Are you looking for a place to live, or are you looking for a HOME? Rent payments add up and rental restrictions are numerous. The money you spend on rent payments each year is money you could be investing in the home of your dreams. There are also some other not-so-obvious benefits as well. Let’s… Read more »

5 Benefits of FHA Loans for New Homebuyers

Federal Housing Administration (FHA) loans, in existence since 1934, have been helping homeowners get a better deal on owning a home by offering low down payments, low closing costs, and lower qualifying credit. What is an FHA Loan? An FHA home loan is a mortgage issued by federally qualified lenders and insured by the Federal… Read more »

10 Tips for Purchasing Your First Home

Buying a home for the first time can be one of life’s most exciting milestones. However, there are several things that first-time homebuyers should be aware of before diving into their search for the perfect residence. 1) Know Your Budget What are you comfortable paying for your monthly house payment? Keep in mind that a… Read more »

5 Reasons to Get Prequalified Before House Hunting

Looking for the right home is stressful, but skipping an important step before you start looking for a new home can set you back. With a prequalification in hand, shopping for you next home can be a little easier. Here’s how a prequalification helps you as you start your search: Know Where You Stand Eliminate… Read more »

Top Things to Look for When Buying a Home

Touring several homes can be an overwhelming task. Potential buyers often try to take in as much as possible and end up missing the important details of a home. Instead of being dazzled by the attractive staging, here are a few vital things to look for that should actually sway your homebuying decisions: Smells The… Read more »

Simple Steps to Eliminating Debt

By Christine Brackman, Loan Officer Have you ever driven by a home with a for sale sign and said, “Wow! I love that house!” but then, think to yourself, “I wish I had savings for a down payment”, or “what I wouldn’t give to pay those credit cards down”? There are some small steps, with… Read more »