• To understand what you're bills may look after buying a new home, many experts recommend asking the seller for detailed information about expenses like electricity, gas, water and refuse collection.
Do you ever worry that you could lose your home because you owe more than its worth and are having trouble making the payments? It may be possible to refinance your home while it’s underwater in order to get you a payment you can afford.
Did you know that the first mortgages weren’t initiated by banks but rather insurance companies? Interestingly, the insurance companies were not so much interested in making money through fees and interest but rather were looking to gain ownership of properties if borrowers failed to keep up with the payments.
• As a financial transaction, the mortgage has been around for a long time. The word mortgage comes to us from the old French words "mort" and "gage," which, together, literally mean "dead pledge."
An average home market means a house will sell within six months of being listed. A buyer’s market means homes are on the market too long, which usually means prices will go down.
We recognize that not everything that shows up on your credit report may necessarily be accurate. Starting the mortgage approval process early in your home search can allow you more time to gather the documentation underwriting will need for credit history inaccuracies.