purchase

What is a non-QM Loan?

The “QM” in Non-QM Loan First, it helps to know what the “QM” stands for in “Non-QM Loan.”  Let’s start with what is a Qualified Mortgage (QM) loan as defined by the Consumer Financial Protection Bureau (CFPB).  The ...
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Minimum Down Payment for Buyers

When buying a home, the down payment is the initial cash contribution applied to the purchase price.  This amount is typically reflected as a percentage of the purchase price.  For example, $15,000 for a $300,000 purchase would be ...
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A Guide to Seller Concessions

Seller concessions are growing in popularity as we move to a balanced housing market. Sellers saw buyers paying $10,000 over list price a few months ago to seeing a median price reduction last week of $10,100. What might ...
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Important Things to Remember When Moving

If you found yourself reading this, you’re probably moving. Before you do, here are some important things to remember when moving. Changing your Address When you move, you are responsible for handling the change of your address on ...
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Closing on your Loan

Your loan is approved, and it’s time for the closing. Here’s what to expect leading up to and during the stages of closing on your home loan. Be aware, this process differs from state to state.  Depending on ...
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Making an Offer – Part 2 Contingencies

Conditional/Contingent Offers You’ve made an offer and negotiated a purchase price, so it’s time to learn about the contingencies that impact a home purchase contract.  When you make an offer, you might make a conditional or contingent offer.  ...
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Getting Pre-Qualified/Pre-Approved to Buy a Home

What is Pre-Approval/Pre-Qualification? A Pre-Qualification letter is one of the most important documents you need when shopping for a home.  Some real estate agents will not even show you houses without one. Certain states require buyers to have ...
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House Shopping Tips

Here are some quick shopping tips to help make the process easier This is the fun part where you and your real estate agent will look at homes.  It is easy to get overwhelmed during this part of ...
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