Here's the scenario: You've found a great house, and you're excited about the prospect of moving in. You have an agent making sure all the I's are dotted and all the T's are crossed to get you to the closing table. It's just a matter of time. You drive by the house at least once … Continue reading Don’t Sabotage Your Home Loan!
Here, in a nutshell are the steps every home buyer should take before venturing out to look for a new home. Decide what you can afford Generally, you can afford a home equal in value to between two and three times your gross income. I advise to begin looking at homes in the lower end … Continue reading Do You Know How to Prepare for Home Ownership?
As I stated in an earlier post, getting pre-approved for a loan can go a long way in your negotiating power when buying a home. It puts you in a much stronger position than someone who hasn't yet talked to a lender, but thinks he can get the financing, no sweat. A seller will think … Continue reading Mortgage Application Checklist
Today I have a guest writing for me. Marshall Graham, a local Shreveport Lender, has written an article that should help explain all the costs associated with a home loan. It's called a Good Faith Estimate, and it details the things the lender is charging you to give you the loan. Okay, this isn't light … Continue reading DeMystifying Your Good Faith Estimate
My friend, Marshall Graham, with Aulds Horn and White of Shreveport has written an information-packed article on conventional versus FHA loans. The info is of great help to people who don't know the difference between conventional and FHA loans and which would be best for them in their situation. Loans are definitely not one-size-fits-all. Marshall's article … Continue reading Should I Apply for a Conventional or FHA Mortgage Loan?