Category: Financing & insuring
Affording a home is all in the numbers! Get mortgage information, plus discover everything you need to think about to get your new home insured the right way.
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What’s So Special About Special Financing?
Read more: What’s So Special About Special Financing?Special financing. You’re familiar with the term, but its definition varies by industry. For example, some car dealers use “special financing” to describe financing options for people with bad credit who otherwise wouldn’t qualify for an auto loan. And some retailers have deferred-interest special financing options, which allow shoppers to make interest payments on their…
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The Benefits of Pre-qualifying for a Mortgage
Read more: The Benefits of Pre-qualifying for a MortgageBefore you get too caught up in the excitement of researching neighborhoods, pinning down your wish list and clicking your way through your local MLS site, you might want to consider taking this simple, time-saving, disappointment-preventing step: pre-qualifying for a mortgage. In this article, we outline all the benefits of this important step.
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Mortgage Infographic: Get Your Credit Ready Before You Apply
Read more: Mortgage Infographic: Get Your Credit Ready Before You ApplyLooking to buy a new home soon? We’ve created a handy mortgage infographic to help you understand some of the factors that affect your credit score and the ways you can improve your score—an important consideration for any lender reviewing your mortgage application. Your credit score may influence what types of loans you can qualify…
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How to Shop for Homeowners Insurance
Read more: How to Shop for Homeowners InsurancePurchasing home insurance makes good sense, and not just because it’s often a condition for home loan approval. It’s also a good idea for peace of mind. You definitely don’t want to find yourself wishing you’d purchased the right insurance after something unexpected happens. So, if you’re in the market for a new home, check…
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New Home vs. Resale Home: Homeowners Insurance Edition
Read more: New Home vs. Resale Home: Homeowners Insurance EditionWhen you’re ready to buy a home, one of the most important decisions to make is whether you want to buy a new home vs. resale. While buying a resale home may seem appealing, it is important to consider the possibility that you may end up paying a higher homeowners insurance premium based on the…
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Benefits of bundling home and auto insurance policies
Read more: Benefits of bundling home and auto insurance policiesWhether you’re buying a box of donuts or a set of jerseys for your softball team, you’d expect a discount for buying in bulk, wouldn’t you? Well, the same principle applies to insurance policies. Read on to learn about how bundling home and auto insurance can save you money.
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Questions To Ask When Choosing An Insurance Agent
Read more: Questions To Ask When Choosing An Insurance AgentYou’ve contracted on a new home and now it’s time to choose an insurance agent. After all, you’ll want to protect your investment in the event of theft or a natural disaster (e.g., flood, fire). Plus, most lenders require homeowners to maintain insurance as a condition of the loan. Following are some important questions to…
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What is Homeowners Insurance?
Read more: What is Homeowners Insurance?Homeowners insurance (also known as hazard insurance or abbreviated as HOI) provides coverage for catastrophic events that may occur to your home. It covers the house, contents, personal liability and medical payments exposures. Most mortgage lenders require homeowners to maintain homeowners insurance as a loan condition. Read more.
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Have 2022 Loan Limits Expanded Your Options?
Read more: Have 2022 Loan Limits Expanded Your Options?If you shopped your mortgage options last year, you might want to check in with your loan officer. New loan limits took effect in January, so it’s possible you have more borrowing power at your disposal than what you estimated in 2021! Find out how much limits changed in your county.
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How to Manage Your Credit Score During the Holiday Season
Read more: How to Manage Your Credit Score During the Holiday SeasonThe holidays are a tempting time to splurge, but if you’re planning on purchasing a home in the near future, keep a close eye on your bills. ‘Tis the season for holiday spending, but the five tips below will help keep your credit score in great shape. We’ve outlined eight valuable tips for managing your…
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3 Ways to Make Today’s Mortgage Interest Rates Work for You
Read more: 3 Ways to Make Today’s Mortgage Interest Rates Work for YouWondering if now is the right time to make a move? Today’s mortgage interest rates are very attractive, and we’ve detailed three ways in which you can leverage them to buy the home of your dreams. Read more.
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5 Ways to Figure Out How Much Mortgage You Can Afford
Read more: 5 Ways to Figure Out How Much Mortgage You Can AffordThe prospect of purchasing your dream home is a thrilling one, but before you commit to a price, ask yourself this crucial question: “How much mortgage can I afford?” It can be tempting to take the biggest loan you can get, but leaving out budget considerations can lead the way to steep monthly payments that…
