06
Mar
By Adrian Willanger
Home Buying Tips, ,

Why Splurging for a Larger Home Beats Condo Living

As a first-time homebuyer, one of the biggest decisions you’ll face is whether to buy a cozy condo or invest in a larger home. Both options have their perks, and while condos may initially seem more affordable and convenient, opting for a larger home can offer significant long-term advantages that make it a better investment. Here’s why splurging on a larger home might be the right move for your future. 1. More Space, More Flexibility One of the most compelling reasons to choose a larger home over a condo is the space it provides. A condo may feel just right…
Read More
30
Oct
By Adrian Willanger
Home Buying Tips, ,

Building Good Relationships and Getting to Know Your New Neighbors

Moving into a new home is an exciting milestone, but it’s important to remember that making the house feel like home involves more than just unpacking boxes. Building good relationships with your neighbors can help you settle in more quickly and foster a sense of belonging in your new community. Here are a few simple but effective ways to get to know your neighbors and create a welcoming environment. 1. Break the Ice with a Friendly Introduction It may seem old-fashioned, but a warm introduction can go a long way toward building rapport. Whether you’re moving into a bustling city…
Read More
17
Oct
By Adrian Willanger
Home Buying Tips, ,

What Homebuyers and Sellers Need to Know About Statements of Information

When purchasing or selling a property, the title company plays a crucial role in ensuring that the transaction proceeds smoothly. A significant part of this process involves completing a Statement of Information (SOI), which helps the title company distinguish between individuals with similar names. This step is essential to protect all parties involved and ensure a clean title transfer. What Is a Statement of Information? A Statement of Information is a form requested by the title company from buyers, sellers, and borrowers when seeking title insurance. It contains personal details that allow the title company to differentiate the actual buyers…
Read More
31
Jan
By Adrian Willanger
Home Buying Tips, ,

Understanding the Jumbo Mortgage and Why Refinancing is Different

The contemporary trend towards expansive dimensions is palpable in various aspects of modern life. Oversized soft drinks, large fast-food meals, and expansive smartphones have become ubiquitous. However, one unlikely sector experiencing a similar trend is the realm of mortgages. Delving into the specifics, what exactly constitutes a jumbo mortgage? How does it differ from its conventional counterpart, and what implications does it hold for potential refinancing? Here's a comprehensive overview. Jumbo Mortgages As the name suggests, the primary distinguishing factor of jumbo mortgages lies in the loan limit. Fannie Mae and Freddie Mac administer mortgage limits nationwide, contingent upon the…
Read More
04
Oct
By Adrian Willanger
Home Buying Tips, ,

On Time, Every Time: How Being Late on Monthly Payments Can Affect Your Mortgage

Are you the type of person that struggles with remembering to pay their bills on time? You're not alone. People across the country regularly submit late monthly payments, inflicting terrible damage to their credit. Let's take a quick look at how paying your loan or other monthly payments late can have a negative impact on your mortgage. Your Credit Score Is At Risk As you already know, almost all banks, credit cards, mortgage companies and other lenders rely on your credit score to help assess the risk of lending money to you. Paying any of your payments late – even…
Read More
08
Oct
By Jim Hasek
Home Buying Tips, ,

How Much House Is Too Much House: A Mortgage Calculation Guide

When it comes to finding a home, this is an exciting time. Many people love looking at houses; however, the reality is that people also need to think carefully about how much house they can actually afford. Buying a home is a big decision and for many people this is going to be the most expensive purchase they ever make in their lives. Therefore, it is important to take the time to get this decision right. There are plenty of ways for people to calculate how much house they can actually afford. With a budget in mind, this will make…
Read More