Getting your credit ready for buying a home can make the difference between qualifying for a mortgage or not. It plays a big role and is something that lenders will look at when deciding how much of a credit risk you may be. This, in turn, determines the amount you get approved for and [...]
12 Weeks to Homeownership - Week 10 Appraisals, Inspections and Conditions Ok! Week Ten! It's the home stretch! This week, we should have all of the inspections and the appraisal done. There may be contingencies called out in those reports that need to be completed. If they are claiming "good to go", however, you are [...]
Not everyone will have the funds to purchase a home in cash, which means you will need to take out a mortgage. Our Folsom mortgage lender team works with homebuyers every day to sort out the best mortgage package for their needs. It takes a lot of careful planning when applying for a mortgage and [...]
It's been quite a year for all of us and I'm sure many are wondering what the new year will bring. The COVID pandemic that began at the start of the year is still with us, but we also have the hope of a new vaccine that will help get lives back to normal soon. [...]
If you're in the process of buying a home, you may have heard the terms “Pre-approval” and “ Pre-qualification” and wondered what they mean, how they can benefit you, and what the difference is between the two. Our Folsom mortgage lender team is here to help you understand the differences between the two and why [...]
As a Folsom mortgage lender, I have heard many myths relating to mortgages that have had new home buyers feeling they wouldn't be able to get approved for a mortgage. From needing to make a 20% down payment to believing you can't get a mortgage loan unless you have perfect credit, we'll go over the [...]
12 Weeks to Homeownership - Week 9 Communicating with Your Lender and Agent First, I want to say, congratulations! You've made it to week 9 and you're on the home stretch now! Some of you may have gone into contact earlier than others and if you didn't have any exceptions, you may already be in [...]
12 Weeks to Homeownership - Week 8 Opening Escrow It's week eight and what the heck is escrow?! Remember, in week 6 your agent called and said the seller accepted your offer on your dream home and you're now in contract. So, last week we talked about finishing up the loan documents. The contract and [...]
Our Folsom mortgage lender team knows that the home buying and mortgage application process can be a stressful thing. There's a lot of documentation to gather, homes to view, and preparations to be made. This is why we recommend that you make yourself a checklist of what is needed to help keep you organized and [...]
Our Folsom mortgage lender team has been keeping a close eye on the ups and downs that the pandemic has had on the real estate market. Concerns about a second wave and restrictions still have many being cautious about borrowing, buying, and selling. Here's where things currently stand on Folsom and its surrounding areas. Housing [...]