If you’re buying a home for sale in Lake City or any of the nearby communities, you know that if you’re getting a mortgage loan (like most people do), you’ll need to brush up your credit score in order to get the best possible interest rates and terms. So where do you start? How to […]
How to Find the Right Lender
When you’re buying a home or property for sale in Lake City and you need to take out a mortgage loan to do it, here’s what you need to ask yourself to zero in on the right lender. How to Find the Right Lender You definitely want a mortgage loan with the lowest possible interest […]
What is Escrow?
When you’re buying a home for sale in Lake City, your real estate agent will talk to you about escrow. But what is escrow, and how does it protect you whether you’re the buyer or seller? What is Escrow? In real estate, the term escrow refers to a secure area where important items – like […]
What is a Home Remodeling Loan?
If you’re buying a “fixer-upper,” you could qualify for a home remodeling loan. But what is a home remodeling loan, and how do you get one? What is a Home Remodeling Loan? A home remodeling loan – also known as a home improvement loan – is one that allows you to borrow money to buy […]
Do You Really Need Preapproval?
When you’re buying a home for sale in Lake City, your Realtor® will probably advise you to get preapproval from your lender before you even start house-hunting. But do you really need preapproval? Do You Really Need Preapproval? Here’s What You Need to Know A mortgage preapproval letter is a letter from your lender that […]
How to Get the Best Mortgage Interest Rate
If you’re like many people buying a farm or house for sale in Northern Florida, you want to know how to get the best possible mortgage interest rate – you’ll save money over time. So where do you start? How to Get the Best Mortgage Interest Rate Getting the best mortgage interest rate has a […]
Do You Really Need a 20% Down Payment to Buy a Home?
If you’re like most people, you know how hard it is to buy a home for sale in Lake City without having money in the bank – but do you really need a 20% down payment? Do you really need a 20% down payment to buy a home? Although having 20% down is considered the […]
Can You Buy a Home With Bad Credit?
If you’re buying a home for sale in Lake City, you know that the better your credit score is, the more favorable interest rates lenders will be willing to offer you. But can you buy a home with bad credit? Buying a home with bad credit For most people, a poor credit history is a […]
Why You Should Try to Save Up 20 Percent to Buy a Home
When you’re buying a home for sale in Lake City, it’s in your best interest to put down as much money as possible – and if you can save up 20 percent or more, you’ll be in great shape. It’s not always easy to save up that large of a sum, but in the end, […]
What is PMI?
If you’re buying a home with less than 20 percent down, your lender will require you to buy private mortgage insurance. There’s only one exception to that rule: If you’re using a VA loan, you don’t need to buy private mortgage insurance, or PMI. What is PMI? PMI is a type of insurance that lenders […]