You’ve probably heard the phrase “home equity,” likely during a commercial asking you to pull the equity out of your home through a home equity loan or home equity line of credit (HELOC). So, what is home equity?Read More
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In a previous post, Homebuying 101: Prequalification versus Preapproval, we explained two commonly mistaken terms in the homebuying process. Now that you have a better understanding of prequalification and preapproval, we would like to familiarize you with two more commonly mistaken, but also closely related, terms involved with the homebuying process—home inspection versus real estate appraisal. Even though these two terms are both important in the homebuying process, they possess two completely different purposes.Read More
When it comes to buying a home, particularly for the first-time homebuyer, it can be a bit overwhelming. Whether you're researching on your own or you meet with a REALTOR® or lender, you start hearing vernacular and jargon that might make your head spin. While you may want to focus on finding the perfect home with curb appeal in the right school district, your lender could be asking you questions about fixed rates, APRs, and LTVs, and suddenly you realize the homebuying process is a marathon, not a sprint!Read More
Purchasing a home can be both exciting and overwhelming. Whether you’re a first-time or seasoned homebuyer, you’ll likely consider the option of whether or not to open an escrow account. If you’re new to the homebuying experience, there are several things you should take into consideration.Read More
Are you ready to ditch your cookie-cutter kitchen? For most families, the kitchen is the heart of the house, where family food traditions and sweet memories are made. That's why it’s ideal to keep your kitchen looking and feeling fresh and up-to-date! If a kitchen remodel is in your future, here is breakdown of the kitchen renovation process.Read More
For some, the homebuying process may be a “walk in the park,” given the situation that you’ve walked through this park a few times. For others—and probably, most—the homebuying process and the terms that come with it can be extremely confusing.
Let’s take the terms prequalification and preapproval, as an example. Many unsuspecting homebuyers may assume them to be interchangeable, when—in fact—they’re anything but. If you’re among the number of residential consumers that are baffled by the difference between the two terms, have no fear. We’re here to help.Read More
Applying for a home loan can be one of the most intimidating things you might ever have to do, especially for a first-time homebuyer, mainly because it symbolizes one of the most—if not, THE most—expensive purchase you'll make in your lifetime. But, it doesn't have to be a nerve-racking process.Read More