“Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage” … Maintaining a strong credit score is one of the most important things potential buyers can do if they want to qualify for a mortgage, since credit scores are used by […]
Closing Times Are Speeding Up
Closing Times Are Speeding Up … The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48 […]
Surprising Ways To Save For A Down Payment
5 Surprising Ways To Save For A Down Payment … Saving for a down payment does not have to be an impossible feat for your would-be buyers. HouseLogic recently featured several resourceful ideas to help them save up for a down payment on a home. Crowdsource Maybe instead of a traditional wedding registry, your buyers […]
Buying And Selling A Home At The Same Time
Ah, to be a first-time home buyer again: How easy it was to buy a home when you weren’t carrying another mortgage on your back! If you’re looking to graduate from first-timer to repeat buyer, you know things are about to get much trickier. Unless you’re a bona fide house collector, you’ll have to sell your home in […]
Home Appraisal vs Home Inspection
Home appraisals and home inspections are sometimes confused. While they are both an important part of the home buying process, they ultimately serve two different purposes. Key Takeaways • Appraisals estimate the value of the home, taking into consideration factors like comparable sales of homes in the area • A home inspection looks at the […]
Buying vs Renting, Build Your Own Equity Not Your Landlords
Buying vs renting, build your own equity not your landlords … If you are renting, buying a home could very well be a financial move that benefits you in the long run, as you pay your own mortgage and build equity instead of paying your landlords mortgage. What is your monthly rental payment? $450, $500, […]
Donald Horne’s Down Payment Resource Center
Although most potential homeowners aren’t aware, there are hundreds of homeownership programs available to homebuyers across the country. In fact, just within this area, there are many different programs to assist homebuyers just like you in their path to homeownership! We invite you to see which programs you may be eligible for by searching through […]
How do You Qualify to Buy a House?
Get 3 Big Tax Breaks – If You Buy a Lake Orion MI Home in 2015
This weeks article from Craig Donofrio in the current Housing Trends eNewsletter titled, You Could Get 3 Big Tax Breaks – If You Buy a Home in 2015 … So you didn’t buy a house last year. That’s OK—you haven’t missed the boat yet on low mortgage rates or a healthy inventory of homes. In many ways, […]
Questions to Ask Your Lake Orion Mortgage Lender
Article from Craig Donofrio, 10 Questions To Ask Your Mortgage Lender, discusses questions you should be asking to ensure you’re clear on your options when buying a home … 1. What mortgage types do you offer? Different mortgage lenders offer different types of mortgages. These can loans differ in the amount offered, interest rates, length and payment type. […]