The home buying process is just that: a process. In most cases, the loan applications can take four to six weeks or longer to complete, depending on the applicant, the financial institution, and other factors. Receiving a “clear to close” is the last step in the loan approval process. Once you’re cleared, it’s generally smooth […]
5 Things Buyers Need to Do Before Closing Day
Closing day is almost here! Before you sit down at the table and get the keys to your new home, there are a few things you need to get squared away. 1. Purchase Homeowners Insurance Unless you purchase your home with cash, you will need homeowners insurance. Lenders require you to buy an insurance policy […]
Closing on a House: How the Process Works
You’ve searched and searched and finally found the perfect home. You made an offer, the sellers accepted, and now you’re on the road to closing. But how long is the road, exactly? And what happens between now and closing day? We’re breaking it down for you, from the moment your offer is accepted until you […]
To Rent or Buy: Why Homeownership is (Usually) Your Best Option
If you’re wondering whether it’s better to rent or buy, we’ll fill you in on a secret: homeownership is an excellent investment. We’ve covered all the reasons before (read them here), but current interest rates and market conditions have us ready to attack the topic again. Homeownership is one of the best ways to build […]
How to Avoid Being Denied After Clear to Close
You’ve found the perfect home, made an offer, completed all the paperwork with your lender, and you receive the exciting news: you’re “clear to close.” For many homeowners, it’s the news they’ve been waiting for: the finish line to a long and sometimes arduous process. However, a clear to close is not the finish line. Unexpected […]
8 Ways to Pay Off A Mortgage Faster
For most families, the mortgage payment is the single largest bill each month. It’s always there, looming over us like a money-eating monster. Imagine, though, if you didn’t have a mortgage payment. Can you really pay off a mortgage in record time, and spend that money enjoying life instead? Yes, you can. And we’re here […]