MortgageGirl Answers Frequently Asked Questions (Fall 2017)
Broker vs. Bank / closing costs / Credit / Debts / Downpayment / First Time Home Buyer / Income / Lenders / Market Updates / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

MortgageGirl Answers Frequently Asked Questions (Fall 2017)

Do you have mortgage questions? The MortgageGirl can answer today’s most commonly asked questions How much does the “Bank” say I can afford? For the answer, know your taxable income along with the amount of any debt outstanding along with the minimum monthly payments. Assuming it is your principal residence you are purchasing, calculate 35% … Continue reading

With the mortgage rule changes am I ever going to be able to stop renting and buy a home?
Broker vs. Bank / Credit / Downpayment / First Time Home Buyer / Income / Lenders / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

With the mortgage rule changes am I ever going to be able to stop renting and buy a home?

You have finally saved up money for your down payment and even have additional money available to cover the closing costs. You are now ready to get pre-approved for a mortgage and call your bank for an appointment before you start house hunting. That’s what people do. Should be easy peasy, shouldn’t it? Well maybe, … Continue reading

What are closing costs when buying a home?
closing costs / Documents / Downpayment / First Time Home Buyer / Lenders / mortgage / Purchase / Qualifying / Uncategorized

What are closing costs when buying a home?

While your down payment plus the mortgage will cover the purchase price of your home, you do need to be prepared to come up with even more money for all of the other expenses involved when getting a mortgage. You’ll pay some costs at the beginning of the home-buying process and others, known as closing … Continue reading

5 Do’s and Don’ts for Homebuyers
Broker vs. Bank / Credit / Documents / First Time Home Buyer / Lenders / mortgage rule changes / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

5 Do’s and Don’ts for Homebuyers

It’s not every day that you spend thousands of dollars buying a new home. Below are 5 important actions that every Homebuyer should be aware of. With this in mind I suggest starting with making a plan of exactly what you want, do your research and look into advice offered by several experts. You may … Continue reading

Why use a Mortgage Broker?
Broker vs. Bank / Credit / Documents / First Time Home Buyer / Lenders / Pre-Approvals / Purchase / Qualifying / Uncategorized

Why use a Mortgage Broker?

It’s not every day you spend 100,000’s of dollars on buying a home. The stress this creates for many people can be huge, but it doesn’t have to be. You ask how this can happen? Easy… Surround yourself with a team of experienced professionals! An experienced realtor will insist you start with arranging your financing … Continue reading

First Time Home Buyer? What you should know.
Broker vs. Bank / Credit / First Time Home Buyer / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying / Uncategorized

First Time Home Buyer? What you should know.

If you’re ready to buy your first home and want to have a smooth and successful home purchasing experience, avoid these common first-time home buying mistakes. Find a good Mortgage Broker Ask for recommendations from friends, family and co-workers to find the professional that is right for you. If you are looking on-line, read the … Continue reading

Thinking of buying a property, but don’t know where to start?
Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Income / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying / Rates & Terms / Rules / Uncategorized

Thinking of buying a property, but don’t know where to start?

Thinking of buying a property, but don’t know where to start?   IT’S A PROCESS! Step 1 In these uncertain times, I believe it’s important to get all parts of the process working together.  A pre-approval is one of the first steps you take, though, that’s after you find a good Mortgage Broker to work with. … Continue reading