Refinancing costs money. Any time you take out a new mortgage, the lender incurs costs. They pass those costs onto you. How you pay them is up to you. There are a few choices including paying them in cash at the closing; rolling them into your loan; and letting the lender pay them. The last two Read more
Closing Cost Assistance for Home Buyers
Buying a new home means more than qualifying for the mortgage. Many people forget about the closing costs that accompany this type of loan. Because closing costs can total as much as 5% of the loan amount, they often make home ownership impossible. Luckily, there are closing cost assistance programs Read more
Five Common Refinancing Blunders and How to Avoid Them
When you think of refinancing, you automatically think of saving. It allows you to lower your current interest rate and reduce the loan term. Some refinancing options even allow some cash-out. The goal is to save more money.While this is true, it is not always that when you refinance you Read more
First Time Home Buyer Tips: How to Negotiate Repairs
As discussed in one of my articles, a home inspection is a vital part of the home buying process. It allows you to identify issues with the property and know if there are needed repairs that have to be done on the property.Now, the results of a home inspection can be grounds for negotiation. Read more
How to Prepare for Closing
So after months of preparation, building your credit, and prepping your paperwork, working through the labyrinth of finding a home, getting pre-approval for your financing, you are finally on your way to closing. What a relief, right?Not so fast. There are a few things you need to know and do Read more
