70 Years Ago, the American Dream Became Real for Veterans

Mortgages

70 Years Ago, the American Dream Became Real for Veterans

70 Years Ago, the American Dream Became Real for Veterans

Air Force Tech Sgt. Rhonda Stockstill settled into her new home in February, nine months after the massive tornado that ravaged much of Moore, Okla., leveled her old one. Family members and pets clustered under the stairs as the storm swept through that spring afternoon. A surgical technician, Sgt. Stockstill raced from the shattered remains… Read More

5 Tips to Win a Bidding War for Your New Home

Mortgages

5 Tips to Win a Bidding War for Your New Home

5 Tips to Win a Bidding War for Your New Home

Housing inventory hit a nearly two-year high last month, with 2.28 million unsold homes on the market nationwide. That’s an encouraging sign during a historic dry spell. But macro trends are cold comfort for potential homebuyers on the ground. There are still plenty of communities where low inventory and rising prices mean bidding wars are… Read More

How Long Does it Take to Buy a Home?

Mortgages

How Long Does it Take to Buy a Home?

How Long Does it Take to Buy a Home?

Consumers considering a home purchase often want to get a handle on how long the process takes. The problem is that it’s a surprisingly subjective and multilayered question. Answers tend to focus on the typical time it takes to close a home loan once you’re under contract, which is usually 30 to 45 days. That’s… Read More

4 Things Homebuyers Should Never Say

Mortgages

4 Things Homebuyers Should Never Say

4 Things Homebuyers Should Never Say

You don’t need to be a world-class negotiator to nab a great deal on your dream home. More often, it’s a matter of knowing what not to say. One errant comment or paperwork misstep can compromise your negotiating position. Playing it close to the vest around home sellers and listing agents is critical. So is… Read More

4 Credit Mistakes New Homeowners Make

Credit Score

4 Credit Mistakes New Homeowners Make

4 Credit Mistakes New Homeowners Make

Homebuyers often spend considerable effort padding and polishing their credit in the lead-up to the big purchase. Locking down a home loan today is no small feat, even as credit requirements continue to thaw. But the relief that comes with finalizing a home purchase can also spur a false sense of security. It’s easy for… Read More

What a $200,000 Mortgage Will Cost You

Mortgages

What a $200,000 Mortgage Will Cost You

What a $200,000 Mortgage Will Cost You

Mortgages aren’t one-size-fits-all products. Loan types and lenders all have different requirements, benefits and drawbacks. Some require sterling credit and sizable down payments. Others have looser standards but limit where you can purchase, or come with higher fees. Heck, one loan program is open to only about 1% of the population – the veterans and… Read More

Can Your Commute Impact Your Mortgage?

Mortgages

Can Your Commute Impact Your Mortgage?

Can Your Commute Impact Your Mortgage?

It’s the cornerstone cliché of the real estate business: Location, location, location. Most homebuyers make it past the banality to implicitly understand they may pay a premium based on a property’s location. But few prospective borrowers consider a more subtle way location could crimp their budget and possibly their purchasing power – commuting costs. Some… Read More

Saving for a House: It’s More Than a Down Payment

Mortgages

Saving for a House: It’s More Than a Down Payment

Saving for a House: It’s More Than a Down Payment

It’s easy to get caught up in credit scores when considering a home purchase. But as lenders continue to loosen requirements, the need to have money in the bank doesn’t get any less acute. Getting prescriptive about how much you need in savings to satisfy a mortgage lender is tough business. The answer can depend… Read More

The Etiquette of Homebuying

Mortgages

The Etiquette of Homebuying

The Etiquette of Homebuying

Homebuying isn’t all house tours, contracts and closing costs. People and personalities are at the heart of a process that can elicit both fun and frustration. Emotions can run high. Sellers often love the homes they’re leaving. Buyers love the idea of getting a great deal. The etiquette surrounding homebuying is rooted in common sense…. Read More

5 Real Estate Rules You Shouldn’t Break

Mortgages

5 Real Estate Rules You Shouldn’t Break

5 Real Estate Rules You Shouldn’t Break

Spring signals the start of two hallowed seasons: homebuying and baseball. Like the national pastime, purchasing a home supposedly comes with its own set of “unwritten rules.” Conventional wisdom and considered opinion have long led consumers to believe you never make an offer on the first home you tour, or you always close at the… Read More

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