What Do I Need To Get A Mortgage Approved – Documents Needed For Mortgage Pre-Approval
In order to get a mortgage loan, you will need to provide some documentation to your lender. This documentation will show that you are able to afford the loan that you are requesting. The most common types of documentation include pay stubs, W-2 forms, and bank statements. In this blog post, we will discuss what […]
The ABCs of Mortgage Loans
Are you thinking about buying your first home? If so, you’re probably wondering how to get started. Buying a home can be a daunting process, but it doesn’t have to be. In this post, we’ll walk you through the basics of mortgage loans and help you understand the different types available. We’ll also show you […]
The Pros and Cons of FHA Home Loans
There are a few pros and cons to consider before applying for an FHA home loan. As a first time home buyer, you may benefit from the low down payment requirement of 3.5%. You may also qualify if you have a lower credit score than what is typically required for conventional loans. However, keep in […]
8 Things to Avoid When Buying a Home
In the 25 plus years assisting individuals to buy a home, the 8 things I am going to discuss are the things that cause the most stress and issues when purchasing real estate. The reason for this article is to make sure I do everything I can for home buyers to make the purchase an […]
Can You Use a VA Loan to Buy Land? Everything You Need to Know
If you are a veteran or currently serving in the military, you may be wondering if you can use a VA loan to purchase land. The answer is yes – and in this blog post, we will tell you everything you need to know about using a VA loan to buy land with the intention […]
How to Become a Mortgage Loan Officer
Many of my audience has asked how to become a mortgage loan officer and get a mortgage loan originator license. Those of you purchasing a home and considering mortgage professionals should know how a mortgage loan officer received their license and credentials to help you with such a major purchase transaction. A mortgage loan originator/officer […]
Inspecting a Home Before Buying
When taking a loan for your home and using mortgage professional guidance, you will need to get a home inspection which costs about $450 +/-.
Saving for a Down Payment for a New Home
Saving money can be difficult for some individuals. When you’re saving with a goal in mind, it may feel like a punishment or a chore. You must determine if your ultimate objective is worth the sacrifice. The down payment on a house may be as much as 20% or more of the loan. Your final […]
USDA Loan
The USDA rural development loan is gaining popularity as many Texas Homebuyers are seeing an increase in home values and can find homes in the rural outskirts of major cities. It allows homebuyers to purchase a home with 100% financing, meaning no down payment. The USDA Loan used most is the Section 502 Guaranteed loan […]
When You Should Get Pre Qualified
Ideally, you would want to get pre-qualified 15 days BEFORE shopping for a home. If you get pre-qualified 30 days before shopping, you will need to provide updated income and asset documents.