How to Prepare Your Home for an Appraisal | Tips for Getting your Home Appraised

Tips to follow when getting your home ready for a Home Appraisal. After you’ve accepted an offer to sell your home, your property will be appraised to see if it’s worth what the buyer is offering. This appraisal is crucial to making sure the sale goes through smoothly. If it comes in too low, the
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How Long Should You Keep Your Mortgage Papers?

It feels great to take the time to declutter and organize your home for a fresh start. As you sort through your file cabinet and see how much room all your mortgage documents take up, you may wonder how long you need to hold on to all that paperwork. Here’s what you need to know
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Will a HELOC Affect Your Credit Score?

With home prices soaring over the past few years, homeowner equity is at all-time highs. It could be a great time to tap into some of that equity to pay off debts or finally make those home improvements you’ve been dreaming about. One of the most common ways to borrow against your home’s value is
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How to Make Your VA Loan Competitive in a Hot Market

Here are a few things you can do to stay competitive with VA loan-backing in a seller’s market. In the red hot housing market of the past few years, sellers usually have multiple offers, often getting more than their listing price. If you are using a VA loan to back your purchase you may worry
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What is a Mortgage Contingency?

A contingency is a condition that must be met before the home sale purchase can conclude. When you find the right home to buy, you make an offer, put down a deposit once your offer is accepted and you sign a sales contract. Then you move on to inspections and financing. Pretty straightforward. But what
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What’s the Difference Between the Sales Price and Appraised Value of a Home?

During the home buying process, you will encounter many unfamiliar terms, some of which may seem like the same thing. One such pair might be “sales price” and “appraised value.” They both refer to how much the house is worth, right? Actually, there is a difference between these words and it is important to understand
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Buying a Home with Extended Family | Sharing a Mortgage with Family Members

When family members buy a home together, they all become co-signers on the mortgage. They can all live together in the same house, but in many cases, it is not required. That means your parents, grandparents, aunts or uncles, or siblings could help you buy a home as a gift to you, or they could
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One Extra Mortgage Payment a Year Can Add Up to Big Savings

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When you bought your home, you (hopefully) qualified for a mortgage that you could afford and if you stay on top of it monthly, you’ll own your home free and clear in 30 years (or less, depending on your loan terms.) Making extra payments may not even have crossed your mind, but there are actually
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Can You Get a Loan to Buy an AirBnB? | Real Estate Investing for Beginners

Renting out privately-owned properties has become the preferred style of accommodations for many travelers today. Sites like AirBnB and VRBO allow property owners to list their condos, houses, and cabins to tourists looking for a different experience from the standard hotel chain. More and more investors and entrepreneurs are jumping into the AirBnB market to
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What an 18% Jump in 2022 Conforming Loan Limits Means for Me

Recently, the Federal Housing Finance Agency announced changes to the conforming loan limits for 2022. And they are increasing 18% from 2021, the largest yearly increase on record. The new loan limit for conforming loans, which can be bought by Fannie Mae and Freddie Mac, will rise to $647,200 in the new year for most
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