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Blog Image: Pre-Approval vs. Pre-Qualification

Pre-Approval vs. Pre-Qualification

Now that you’ve decided to embark on the journey of purchasing your first home, let’s look into the necessary steps required to receive a mortgage. When it comes to mortgages, a good place to start is by learning about the process of pre-qualification and the process of pre-approval. In addition, how do you know when you’re ready to apply for either? To begin, let’s talk about the pre-qualification step. Although pre-approval and pre-qualification may sound relatively similar, there are some fundamental differences as they both represent different parts of t...

March 22nd, 2019 | First Time Buyer, Loan Process, Pre-Approval vs. Pre-Qualification

Blog Image: First Time Homebuyers: How Much Home Can You Afford?

First Time Homebuyers: How Much Home Can You Afford?

Think you’re ready to own a home? You may have determined things look financially viable for homeownership, but just how much home can you afford? The following tips will help you in answering these questions. Let’s start with your budget. It may seem obvious, but building a basic budget for your homeownership can prevent overextension. The last thing you want as a new homeowner is to be weighed down by your mortgage. Position yourself comfortably. Many first-time homebuyers will make the mistake of pushing the limits of their loan. What you get approved for, ma...

March 21st, 2019 | First Time Buyer, First Time Homebuyers: How Much Home Can You Afford?

Blog Image: Want To Increase Your Family’s Wealth? Here’s How!

Want To Increase Your Family’s Wealth? Here’s How!

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you are paying off a portion of the debt that you took on to purchase your home. Therefore, you own a little bit more of your home every month in the form of home equity. As your home’s value increases, you&n...

March 18th, 2019 | First Time Buyer, The True Cost Of NOT Owning Your Home, Stop Renting, Rent vs Buy, Want To Increase Your Family’s Wealth? Here’s How!

Blog Image: 5 Tips For First-Time Home Buyers

5 Tips For First-Time Home Buyers

Buying a first home can be a scary, confusing and stressful process. Many would-be buyers are understandably nervous at the prospect of making the largest purchase of their lives. Rather than diving in and hoping for the best, you should prepare carefully before you begin the house search. Following some useful tips will help you turn an overwhelming and intimidating experience into an exciting search that yields the right home! 1.) Establishing a Realistic Price Range A common mistake among first-time home buyers is purchasing more house than they can afford. You should not rely on b...

February 18th, 2019 | First Time Buyer, Stop Renting, 5 Tips For First-Time Home Buyers

Blog Image: Home Costs With Rates Across Time - [INFOGRAPHIC]

Home Costs With Rates Across Time - [INFOGRAPHIC]

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can!

January 10th, 2019 | Market Updates, First Time Buyer, Home Costs With Rates Across Time - [INFOGRAPHIC]

Blog image: What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]

What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

January 8th, 2019 | Market Updates, First Time Buyer, What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]