It’s understandable why borrowers think that the best way to get a lower mortgage rate is to pick a lender who advertises the lowest rate. Mortgage companies know that, and they try to differentiate themselves from competitors by advertising the lowest possible rate they can offer the most qualified borrower.
Comparing the rates lenders advertise does not mean the one advertising the lowest rate will be best for you. What most borrowers don’t realize is that they have the power to lower their mortgage rates.Lower risk means a lower rate
Many factors determine an individual borrower’s mortgage interest rate. Lenders are in the business of managing [...]
Scott and I always joke that our favorite room in the house is our entryway. Although it’s not your typical ‘room,’ it has been our biggest labor of love! Our home is 130-years-old, and at one point in that history, the stairs in our entryway had been painted brown and red. At another point, they were covered up in maroon carpet (I’m guessing it was the ’70s on that one!). And when we bought the home and started the next chapter, we spent years restoring those stairs! The carpet was ripped up, the treads were smoothed over, sanded and finally painted black and white. They ultimately received several thin coats of floor grade polyurethane to prevent the [...]
From the moment you get pre-qualified until the day that you close, your loan officer, along with your real estate agent, will be your two most important contacts.
Many first-time homebuyers will select their loan officer based on a recommendation or online reviews. Once the escrow process starts, life gets stressful and you could feel lost amid an avalanche of details about pre-approvals, loan estimates, and the like.
In this article, we’re going to give you a list of qualities that every good loan officer has. Use this list as a litmus test for loan officers you’re interested in hiring, as well as a reference point to which you can refer when the mortgage [...]
As springtime rolls on, the housing market is heating up. Spring is one of the best times of the year to buy and sell a home. Why? Well, for multiple reasons; ranging from spring being the perfect time to stage a home as well as being the ideal time to buy or sell as there aren’t any major holidays. Spring is also a great time to buy a home because many people across the country are aware of where they stand financially, as that their income taxes have just been squared away. During this time of year, realtors and homeowners know that if they want to have a home sold or bought that time is of the essence. More homes are sold between May 1st through 15th than any other time of [...]
Although Seattle has coined the nickname “The Rainy City,” is it really the rainiest city in America? The quick answer — no. In fact, the top ten cities with the most rainfall are far from the west coast. These wet cities are all located in the Gulf States — Alabama, Texas, Louisiana, and Florida. The humid subtropical climate in this region makes for plenty precipitation. Grab your umbrella and rain boots, these southern cities are the wettest in the nation!Alabama
Although only one city in Alabama made the top list, it came in at #1 with an average of 59 rainy days and 67 inches of rainfall. Mobile‘s geographic location on the Gulf of Mexico provides a [...]
At last, spring has sprung! Flowers are blooming, temperatures are rising, and most importantly, people are suiting up for an annual deep cleaning. Though the words “spring cleaning” may seem daunting, there are many simple ways to make your cleaning run smoothly and effortlessly – and not immediately be forgotten a week later. From clearing clutter and old files to reorganizing your kitchen and having a functional living room, you can get the most out of your spring cleaning efforts with these tips and checklist!Clear the clutter: the easiest way to alleviate space woes is to calm the chaos. Shred old files you no longer need. Go through old clothes [...]