Mortgage Lender

Buying a House in a Low-Inventory Market

Tight supply of available homes for sale has been the story across the country for a number of years now and nowhere is that more evident than here in the Valley. The simple laws of supply and demand have left many buyers disappointed and frustrated. After the crash of 2008, first-time homebuyers in particular were less able, or at least less willing, to take on the large debt of a mortgage. With fewer...

Behind on Your Mortgage? Consider These Options to Avoid Foreclosure

If you have fallen behind on your mortgage payment or fear that you are about to be in that situation, you aren’t alone. It’s estimated that just over 10 million homeowners are behind on their mortgage payments currently.  So, what can you do? Your best bet is to be proactive. Educate yourself about your potential options as early as possible. The longer you wait to seek out a solution, the...

Here’s What to Do Now if There is a Move on the Horizon

Making a residential move is a huge undertaking. When that move involves more people in the household than just yourself, it becomes even more complicated. There are plenty of checklists for moving day, but what about the months leading up to your intended moving day? Even if you are just getting started on your home search, there are a number of steps you can take now to make moving day easier on you...

Busting the Myth of the 20 Percent Down Payment

Homeownership brings with it a number of benefits. But, many homeowners believe the required down payment is well beyond reach.  If that sounds familiar, you’ve probably been told you need to put 20% down to purchase a home. On a $300,000 home, that’s $60,000. Add costs for closing, inspection, appraisal and other fees and it’s no wonder a lot of people don’t think they will ever own a...

Avoid Doing These 10 Things While Your Mortgage is in Process

Buying a home can be a lengthy process. So, it’s understandable that once you’ve provided all the proper documentation to your lender, you feel like you can relax a bit an enjoy the more fun parts of buying a house.  But, if you’ve got a big purchase in mind–maybe some new furniture and electronics–think twice. It’s important that once you’ve completed the application and the...

Three Questions to Ask if You Are Thinking About Building a New Home

There’s no denying that building a new home—rather than buying an existing one—remains popular with homebuyers. In fact, new home construction increased 5.2% on a year-over-year basis last year. New home starts totaled 1.38 million in 2020. That’s an increase of 7% compared to 2019. If you’re thinking of a new home, you may have given some consideration to new construction,...

Self-employed? Here’s What You Need to Know About Applying for a Mortgage

The number of self-employed individuals across the country continues to grow, with an estimated 16 million people opting to be their own boss. While the gig economy is booming and self-employment has become increasingly commonplace, the hurdles faced with obtaining a home mortgage remain. Ask any lender and you’ll learn the stark truth: it’s easier to qualify when you can show a W-2. That...

What’s Holding You Back? 5 Myths About Buying a Home

Buying a home is a big commitment, but it also has a great many advantages. If you’re throwing money away on rent month after month, what’s holding you back from making the move to homeownership? The truth is, there are a lot of myths about buying a home that keep people from making the move. But in reality, instead of renting, they could be owning their own home. Here are five of the most...

Putting the Brakes on Blunders When Buying a New Home

Buying a home for the first time can be nerve-wracking and exciting, all at the same time. There are so many things to remember, so many considerations to be had and so many decisions to be made. It’s no wonder, then, that some homeowners find themselves committing blunders when it comes to their search for the perfect home. At times, those mistakes can be costly or even get in the way of a...

Wheeling and Dealing: Here’s What to Consider When Negotiating Your Home Purchase

Whether or not you’re a first-time homebuyer, you’ve probably given some thought to how to negotiate with the seller when it comes to contract time. But most homebuyers focus only on price. While price is critical, it isn’t the only part of the contract you may want to negotiate. Particularly in a market when inventories are low, being able to negotiate on things besides price could help your...

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