Tag Archives: Mortgage

Closing Costs Explained

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You are sitting at closing going through the settlement statement with your attorney trying to understand why you own over ten thousand dollars of closing costs.  You nod your head as the attorney goes through the list explaining but the truth is, you have no idea what he is saying. It sounds like a foreign language! Sound familiar? Continue reading

Budget For Closing Costs!

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Possibly the most often overlooked expense, especially for first time home buyers, when purchasing or selling a home are the closing costs.  Most people assume closing costs are minimal, possibly a couple extra thousand dollars.  However, this could not be further from the truth. Continue reading

4 First Time Home Buyer Mistakes

The housing market is hot and interest rates are still at record lows.  Many renters or people that have never owned a home before are now seriously considering making their first real estate purchase.  While it is an exciting (and stressful) journey, first time home buyers must be extra diligent as they have never done this before and may not know what to expect.  This article highlights four costly mistakes that many home buyers unfortunately make: Continue reading

Mortgage Pre-Approval

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Getting pre-approved for a mortgage is an overlooked step should be the first thing any serious buyer does BEFORE looking at properties.   A pre-approval indicates that you have spoken with a mortgage broker, and based on certain criteria (credit, income, debt-income ratio, etc.) you have been deemed a suitable candidate for a mortgage.   Continue reading