Buying a Home Archives - Page 5 of 6

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Choosing Your Location When Home Shopping

The location of your new home will do just as much, if not more, for the future value of your investment as the house itself. It also affects your everyday life. Keep these things in mind when choosing your location. Geography There are many aspects to take into consideration when choosing your future location. Geographically, […]

Selling Your Home – Secrets are a No-Go

Nobody likes secrets, especially when it comes to the sale of a house. We’ve laid out a quick guide to help sellers know what they need to disclose. Material Fact material (noun) 5. a group of ideas, facts, data, etc., that may provide the basis for or be incorporated into some integrated work. fact (noun) […]

Not All Rates Are Created Equal

The rise of interest rates this year ushered in more and more loan options, news articles and conversations about where rates stand and where they are going. It’s easy to read or hear something with a number like 4%, 5%, 6%. One number doesn’t tell the whole story, whether it’s in the media or when […]

Buyer Super Power – Form of A Cash Offer

“Cash is King” A phrase as old as cash. And a phrase too often heard by realtors representing buyers. It can sting a bit when a buyer loses a bid because they don’t make a cash offer. Now, there’s a solution – The E5 Home Loans “Cash is King” program. It puts a buyer in […]

Credit Score: What makes up your FICO score

Your credit score can mean the difference between qualifying for a home loan or being denied. Even more so, it can impact the interest rate you might qualify to receive. So, what makes up your credit score? Your FICO score is a three-digit number generated by a mathematical algorithm using your prior payment history as a benchmark, […]

Reasons why a mortgage application is denied

Redfin recently feature E5 Home Loans’ Owner, Larry Cappelletti in an article on underwriting. Larry’s guest contribution discussed reasons why a mortgage application might be denied. There’s some great info in the following excert and things to watch out for in the process. To read the entire article, visit Redfin Income, assets, and credit history […]

How Much Can I Afford?

There’s common sense and there are lending requirements when you go to determine how much home you can afford to buy. We strongly encourage borrowers to set their own limit on a monthly payment amount before even beginning to get prequalified. By analyzing your budget, income and monthly bills, you will set your comfort zone […]

The Value of a Second Opinion

The value of a second opinion has a real dollar amount. This is the story of a real client’s second opinion and why it can be critical to talk to more than one lender when shopping for a mortgage. We want to start by thanking Stephanie Olson for allowing E5 Home Loans the opportunity to […]

Getting Your Offer Accepted in a Seller’s Market

It’s a seller’s market and getting your purchase offer accepted is challenging. Desirable homes in good condition can receive 10, 20, maybe more than 30 offers. One of those offers is going to win. Why not have it be yours? Here are tips on how to get your offer accepted in a seller’s market 1. […]

Clues About the Condition of the House

Things You Should Look For When Shopping For a Home Before looking at houses, decide if you’re willing to make any major repairs that might be needed, such as structural, roofing, or plumbing. Pay attention to clues on the condition of the house before even placing an offer or get an inspection done. Maintenance issues […]