July 2018

4 Real Reasons We Buy A Home

By |July 27th, 2018|

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]

June 2018

Take our Home Ownership Readiness quiz to see where you stand!

By |June 28th, 2018|

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May 2018

How Current Interest Rates Can Have an Impact on Your Purchasing Power

By |May 29th, 2018|

There have been rumors of 5% – 6% interest rates for over 2 years now– the only difference between then, and now, is that now it’s happening.  The new normal for a Conventional home loan above 65% loan to value is going to fall into the 5% interest rate range by the end of […]

February 2017

Low Rates = More Purchase Power

By |February 15th, 2017|

June 2016

Mortgage? Yes, Please!

By |June 15th, 2016|

If one could only raise their hand and say “yes, please” to obtain a mortgage, the dream of homeownership would be simple. But the path to homeownership may be a bit curvier than you expect if you are carrying too much credit card debt or haven’t established credit.
Establishing a credit history isn’t difficult if you focus on a slow but steady plan. Borrowing small amounts and paying them off steadily can prove to the financing institutions that you are reliable. The same goes for paying down credit cards. Credit-building strategies take skills that will serve you well in life, the skills of perseverance and reliability.

March 2016

Think Twice Before Using Your 401(k) For a Down Payment

By |March 21st, 2016|

I wish my employer had offered the Advantage Home Plus Homeownership benefit when I bought my first home. Instead, my brother convinced me to empty my IRA to use it as a down payment. I had no one able to gift me a down payment to buy a house. Instead, I took the […]

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.

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:*