While it might be tempting to cut corners to save a few bucks, one step you should never skip is a home inspection.
Call Jet Direct Today! 1-800-700-4JET
Category: Purchase
Post
Understanding Mortgage Down Payment Assistance
With today's real estate market, saving up for a down payment can be quite daunting. Ask your loan officer if you qualify for down payment assistance.
Post
The Pre-Approval Process
There’s a reason homebuyers are always hearing that they should get pre-approved before shopping for a home, and yet, many buyers still choose not to get a pre-approval.
Post
What Does a “Government Backed Mortgage” Mean?
If you’re new to the homebuying process, chances are you’re wondering what the term “government backed mortgage” really means. A government backed mortgage is not a guarantee that you will be approved just because the federal government is backing the loan.
Post
Your Credit Score, Your Mortgage, and You
Having a great credit score will provide you with better mortgage options, but what happens after you acquire a mortgage? How does a mortgage affect your credit score?
Post
Deciding How Much Money to Put Down on a House
Although a 20% down payment is recommended, it’s not necessarily required. There are options to put down much less, but it may not necessarily be the best decision for you.
Post
How is my Mortgage Interest Rate Determined?
If you need to take out a loan, you’re going to have to pay back that loan with interest. Interest is paid in exchange for the convenience of borrowing money. It’s sort of like the price on borrowing money...
Post
How to Get Pre-approved for a Mortgage
If you’re planning to purchase a home, it’s recommended that you get a pre-approval first. A pre-approval is a backing from a lender that proves you are qualified to borrow X amount of money at a specified interest rate.
Post
Difference Between PMI & Mortgage Insurance Premium
One of the most common confusions in the home buying process is the difference between private mortgage insurance and mortgage insurance premium. So what's the difference?
Post
What are Closing Costs?
When you sit down to sign the papers to buy a home, you will most likely be required to pay closing costs. Mortgage closing costs are the fees...