04
Oct
By Adrian Willanger
Homebuyer Tips, ,

20% Down Payment vs. Mortgage Insurance

When it comes to buying a home, one of the biggest decisions is whether to save up for a 20% down payment or opt for mortgage insurance. While a 20% down payment has traditionally been the gold standard, mortgage insurance is becoming an increasingly viable option for many buyers. Here's a closer look at both paths to help you determine which is right for you. The 20% Down Payment: Stability and Long-Term Savings A 20% down payment has long been viewed as a smart financial move, and for good reason. Here’s why it continues to be a popular option: Instant…
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10
Sep
By Adrian Willanger
Real Estate, ,

Are You Ready to Buy a Home? Here’s How to Find Out!

Purchasing a home is one of the most significant financial decisions you’ll ever make. It’s not just about having a place to call your own, but also about making a long-term commitment that requires careful consideration and planning. So, how do you know if you’re ready to buy a home? Here are some key factors to consider. 1. Financial Stability Your financial health is the first and most crucial factor to evaluate. This includes having a steady income, a solid savings cushion, and a good credit score. Your credit score will significantly impact the mortgage rate you qualify for, so…
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02
Aug
By Adrian Willanger
Real Estate, ,

Finalizing Your Home Purchase: What You Need to Know

The journey to homeownership is an exciting adventure filled with many steps and decisions. As you approach the final stage of finalizing your purchase, it's crucial to be well-informed and prepared. Understanding the Closing Process First and foremost, the closing process is the final step in transferring ownership of the property to you. It involves signing various documents, paying closing costs, and receiving the keys to your new home. It’s essential to review all documents thoroughly and understand the terms you’re agreeing to. Key Documents to Review Moreover, some of the critical documents you’ll encounter include: Closing Disclosure: This outlines…
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18
Jun
By Adrian Willanger
Real Estate Tips, ,

What Is a Mortgage Origination Fee?

If you're considering buying a home or refinancing your mortgage, you've probably come across the term "mortgage origination fee." But what exactly is it? Let’s take a look at the details to help you understand what this fee entails and why it's an important part of the mortgage process. Understanding the Mortgage Origination Fee A mortgage origination fee is a charge by the lender for processing your loan application. This fee compensates the lender for evaluating, preparing, and submitting your mortgage loan. Essentially, it covers the administrative costs and services provided by the lender from the beginning to the end…
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14
May
By Jim Hasek
Home Buyer Tips, ,

Avoiding Home Buyer Remorse: 5 Tips for a Happier Homeowner

The rush of excitement that comes with finding the home you've been looking for is ideal, but just because it seems like the perfect place, doesn't mean there aren't other factors to consider. Instead of getting hit with buyer's remorse, here are some tips so that your home purchase doesn't become something you'll regret. Forget About The Competition If you're contemplating a house and happen to be dragged into a bidding war, it's important to take a step back and determine if it's really the right home for you. It can be easy to get carried away and up your…
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20
Aug
By Jim Hasek
Home Buyer Tips, ,

The Pros and Cons of Buying a New Home Versus Buying Pre-owned

Are you thinking about buying a new home? Congratulations! Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions – including whether you want to buy a pre-owned home or one that has been built recently and is brand new. Let's take a quick look at some of the pros and cons of buying a new home versus buying pre-owned. New Homes Tend To Have Fewer Problems One of the major upsides of buying new is that newly-built…
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