Monthly Archives: February 2016

February 2016

Learn from the Experts

By |February 15th, 2016|

If you dream of owning a home, a place where you can paint, have a media room, raise your kids, celebrate holidays or have a pet, it might be time to learn what you need to do to prepare. If you aren’t sure of exactly what you need to do to obtain a mortgage don’t worry, you are not alone. A recent national Fannie Mae survey revealed that very few people, even those who own homes, know the current minimum home ownership criteria. The least informed group was renters hoping to buy a home within five (5) years. These renters admit they don’t know exactly how much money they will need for a down payment, how high their credit score needs to be to qualify for a mortgage and very few understand the debt to income ratio requirements.
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Should I Buy or Wait Until Next Year?

By |February 15th, 2016|

The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.8% by next year. CoreLogic predicts home prices to appreciate by 5.3% over the […]

Get Ready

By |February 15th, 2016|

As the preferred mortgage lender of Advantage Home Plus, whether you want to secure a preapproval or just have general questions, we’re here to guide and advise you. Hey, we might even make the process an enjoyable one. Imagine that?
 
If you’d like to start the preapproval process, it’s a good idea to get organized ahead of time. You’ll need to gather the following information:*
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