1. Step-By-Step Guide In Obtaining A Home Loan

    Now that you’ve decided to purchase a new home, it’s important to know what to expect throughout the loan process.  With the right knowledge, the road to home ownership is just ahead. Choose A Home Some lenders may offer a pre-approval, but others require that you have a specific home chosen before they will discuss loan options.  Therefore, the first step to obtaining a home loan is to firs…Read More

  2. Balloon Payments – What They Mean To You

    In your research on home loans, you may have come across the term “balloon payment.”  This usually refers to a large lump sum that is due after a certain period of time on a loan, and is part of the loan agreement.  It usually appears on smaller second mortgages that are expected to be paid off more quickly.  How exactly does a balloon payment work?  It’s relatively simple. Smaller Month…Read More

  3. Understanding The Closing Process

    Once your loan is approved, you will be ready to take the final step that will lead to the door of your new home. Many homebuyers are intimidated by the closing process, but it’s not as complicated as you may think. In fact, finding the right home is much more difficult than closing the deal. Making It Official The closing process begins with the borrower and lender meeting in the presence of a …Read More