When you apply for a mortgage loan to buy a home for sale in Lake City, your lender is going to check your credit score. Here’s what you need to know. What Lenders Look at on Your Credit Report Lenders look at your ability to repay other loans when they’re deciding whether to let you […]
Why You Should Shop for a Mortgage Loan
If you’re buying a home for sale in Lake City or any of the surrounding communities, you’ll most likely need a mortgage loan – most people do. And when you’re ready toi apply for one, it’s incredibly important that you shop around. Here’s why. Why You Should Shop for a Mortgage Loan There are hundreds […]
Shopping for Mortgages 101
When you’re buying land for sale in North Florida, you need to know that you can shop around for mortgages. But where do you start? Shopping for Mortgages 101 There are hundreds of mortgage programs through lenders on any given day, which means you definitely should shop around for the one that’s the best fit […]
What is DTI?
As you start shopping for homes or land for sale in North Florida, you’ll have to make sure your debt-to-income ratio, or DTI, is sufficient to get a loan – but what is DTI, and how do you know where yours stacks up? What is DTI? Your debt-to-income ratio is a measure lender use to […]
What is Preapproval?
When you’re buying land for sale in North Florida, you’ll want mortgage preapproval – and here’s why. What is Preapproval? Mortgage preapproval is a process you go through to find out whether a lender is willing to lend you money to buy property or a home based on your current financial situation. If you’re preapproved, […]
What is a Clouded Title?
When you’re buying land for sale in Columbia County, you’ll need to make sure the title is clear – and that’s what a title agency does for you. But what is a cloud on the title, and how does it affect your property ownership? What is a Clouded Title? A cloud on a title means […]
Why You Should Never Make a Big Purchase Before You Close on a Home
If you’re buying a home for sale in Lake City, you need to know that there are a few things you can do to derail the whole deal – and one of them is making a big purchase right before you close on the home. Why You Should Never Make a Big Purchase Before You […]
How Much Should You Offer for Your Dream House in Lake City?
If you’re buying a home for sale in Lake City, you might not be sure about what to offer for the house of your dreams – but don’t worry, we have you covered. How Much Should You Offer for Your Dream House in Lake City? Your Lake City Realtor® can help you determine the right […]
3 Costs You Need to Expect When You Buy a Home
If you’re buying a home for sale in Lake City, you probably already know that you’re going to need an earnest money deposit – but what else will you need to pay for when you close? 3 Costs You Need to Expect When You Buy a Home Before you close on a home, you’re going […]
What is a VA Loan?
A VA loan is a loan backed by the Veterans Administration. The loan itself doesn’t come from the Veterans Administration; it comes from a private lender, and the VA guarantees a portion of it. The VA guaranty lets lenders know that if you default on payments, the VA will cover your lender’s losses (up to […]