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Dear Home Buyer, It's Not Monopoly Money

Monday May 28th, 2018

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People get hung up on all kinds of things during a real estate transaction. Preconceived notions of good and bad often blind people from the bigger picture, and emotion almost always runs amok. One of the things people get hung up on are seller paid closing cost.  Many buyers mistakenly think the seller must pay their closing cost. This is simply not true. Paying the buyer’s closing cost is the buyer's responsibility. However, your real estate agent may be able to negotiate... [read more]

The Home Buyer's Guide to Getting Mortgage Ready

Sunday Mar 18th, 2018

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According to a recent study by the National Association of Realtors, one of the top limiting factors preventing buyers from closing on a home is difficulty in obtaining mortgage financing.   Whether you plan to buy a house in the next few months or years, it’s never too early to start preparing financially for your next home purchase.   Even if you have no plans to move, it’s always a good idea to be prepared. You never know what surprises life has in... [read more]

Warm Up to 13 Cold Hard Facts of Home Buying

Wednesday Nov 01st, 2017

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Knowing the honest truth prior to buying a home will ensure that your home buying experience will be a joyful one, while keeping stress to a minimum.   1. You MUST be Pre Approved – A critical first step. As a Buyer, you need to know your home buying power (how much home you can afford). The only way to do this is to get pre-approved  Pre-approval requires a mortgage lender to review your credit,  income, and assets. This is not a casual conversation with a lender... [read more]

It's Almost Tax Time - Turn Your Tax Refund Into A Down Payment

Wednesday Oct 18th, 2017

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I spoke with 2 clients this week and another 2 or so in the week past. They all had the desire to purchase  homes in the immediate future. All were otherwise qualified, but lacked the funds for a down payment. They did not meet the criteria to obtain down payment assistance. Obtaining the funds from their 401K, borrowing against the cash value on an insurance policy, or obtaining a gift from a family member were also not options. During these conversations the potential buyers became... [read more]

Rehab - Renew: How To Buy A Home With A Renovation Loan

Tuesday Oct 10th, 2017

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  Welcome to Mortgage Mondays.   A couple of weeks ago I posted that you could ask me me mortgage questions and I would write a post to answer your question. Although I know there has to be many people out there with questions only one person responded to the post with a question. Here’s what she asked as well as my answer and a ton of information on the topic. The Question I have found a house, but it needs some repairs and the seller won’t be doing any... [read more]

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