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Archive for the ‘Home Buying’ Category

Relocation Considerations

Some things to look out for when you’re preparing for a relocation Experts agree that relocating is one of the most stressful life situations individuals face, especially considering that it is often a result of a new job opportunity. So before contemplating a stressful move, it’s important to prepare against the unforeseen changes a relocation Read M... Read more ›

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Why Private Mortgage Insurance Exists

Why does private mortgage insurance exist? If you don’t have a lot of money to put down on a mortgage, you will probably be required by your Lender to pay for private mortgage insurance. Many Lenders would otherwise be unwilling to take on the risk of a loan with a down payment lower than 20% Read More »... Read more ›

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What is a Home Equity Line of Credit?

Home Equity Line of Credit If you own a home and need access to cash, a home equity line of credit (HELOC) is an option you may want to consider. Depending on the amount of equity in your home, you could have access to the cash you need at reasonable interest rates. Although HELOCs have Read More »... Read more ›

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Improving Your Credit Score

Tips To Improve Your Credit Score? Your Credit Score – Turning a Necessary Evil into a Money-Saving Tool Many people view their Credit Score as a complex, frustrating, “Necessary Evil.” Just when you think you understand your score, it drops a few points, leaving you confused and right back where you started. This is not the Read More »... Read more ›

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Private Mortgage Insurance

Private Mortgage Insurance Private Mortgage Insurance is designed to protect the Mortgage Lender in case the borrower defaults on the loan. It provides protection in the event of a foreclosure of the property in which the Lender had financed more than 80% of the home’s value. In the event the borrower has defaulted on the Read More »... Read more ›

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Intro To Home Loan Closing Costs – Mortgage Closing Costs

About Home Loan Closing Costs When you get a home loan you will need to pay what is known as mortgage closing costs. They are basically fees charged by lenders and third parties that relate to the purchase of your home. This is an additional cost on top of the down payment, and home loan amount. Read More »... Read more ›

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Flood Insurance

Flood Insurance I’ve often wondered about my hometown, Springville UT, since I’ve heard of a flood that happened decades ago when hobble creek (a creek which runs through the middle of the town) overflowed and flooded most of the town. If I owned a home in Springville, would I be required to purchase flood insurance? Read More »... Read more ›

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Credit Scores & Your Financial Health

Credit Scores & Your Financial Health So we hear a lot about this infamous score and how it can affect our future financial abilities – but what is it really, and how does it come about? First of all, a credit score is an entirely different beast than a credit report. A credit report is Read More »... Read more ›

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Why Does My Lender Need to Document Everything?

Why Does My Lender Need to Document Everything? “What’s with all the documentation?” or “Aren’t my pay stubs enough? I make plenty of money and have more than enough assets!” Are common questions I hear from borrowers. You show us your paystubs, and then you get a mortgage, how great would that be?! We like Re... Read more ›

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Credit Score Importance

Your Credit Score Wow – credit score. This is a whole world of its own. What does it mean to you? In the Lending world it means everything! A credit score is the numeric analysis of a person’s credit file/report. This score determines whether and how you qualify for lending. As I began looking into Read More »... Read more ›

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