How to prequalify for a home loan

How to prequalify for a home loan

One of the biggest misconceptions I hear from people is that it’s hard to get a loan. Actually, I can tell you it’s not hard at all. In fact, it’s easy to get a mortgage loan if you do the following: Pay your bills on time Have a steady income The next step is...

Steps to getting a home loan

Step 1: Select a person or company to write the loan. Don’t be intimidated, even if this is your first time buying a home.  Look for the blog post titled – “The difference between a bank and correspondent lender”. Making a good choice here will make the following...
What are closing costs and prepaids?

What are closing costs and prepaids?

When buying a home you will need to come up with more money than just the expense of your down payment. There are closing costs and prepaid expenses that you will pay at the time of closing. These are typically referred to as the “closing fees” and you will need to...