How does an ARM work and is an ARM right for you? Recently, my husband and I decided that an adjustable rate mortgage was right for us. Here’s my experience with an ARM to help you answer the previously mentioned questions.
According to the NAR Community Preference Survey of 2013, most Americans prefer houses with easy walks to schools, stores and restaurants over houses with large yards, but where you have to drive to go to schools, stores and restaurants (55% to 40%). An even larger majority prefers houses with smaller yards but a shorter commute to work over houses with larger yards but a longer commute to work (57% to 36%).
Life is very unpredictable. Part of the unpredictability for many is having to move to a different state for a job or some other reason. I recently went through the entire process of finding and buying a home in a new state, and l learned a lot from it. Here are the things that I learned from this process so hopefully you can be better prepared to take on the challenge of finding a new home in a new state.
Read to learn more about low down payment mortgage options to buy a home.
Are you thinking about selling your home? Looking at everything that needs to get done, such as repairs, painting, cleaning, finding the right real estate agent, etc.; you may think that the listing pictures are the least of your worries. Well, it turns out that they’re a huge part of getting your home sold.
Did you know that Google is now in the real estate market? Read how Google is using a “socially responsible investing” strategy to create affordable housing.
As you go through the process of applying for a mortgage, you’ll have to provide bank statements as part of the asset verification process. Learn more about why lenders ask for these and, also, get tips on what to expect as you’re going through the mortgage process.
When searching for a home, finding the right mortgage lender is one of the most important steps in the process. Getting a mortgage preapproval provides a more accurate estimate of how much house you can afford and gives you buying power when house hunting.
If you’re in the process of looking for a home, you’ve probably looked into foreclosed or bank-owned homes. If that’s the case, then you’ve probably come across HomePath. Here is an introduction into what a HomePath home is and the financial opportunities that come along with it.
If you’re in the process of buying a home and received a preapproval letter (PAL) from us, you’ll now be able to access it anytime via MyQL! What does this mean for you? Well, now you can start AND finish the home-buying process all in one spot. No need to go searching for your PAL in your sea of emails or call your banker because you can’t find it.