If you’re like most people buying a home for sale in Lake City or a nearby community, you have to take out a mortgage loan – and if you have a mortgage loan, you’ll have to pay interest on it. So how do you get the best possible interest rate? Find out now. How to […]
Mortgage Shopping Advice
When you’re buying a home for sale in Lake City or a nearby town or city, you know that you need to shop around for a mortgage – but here’s what you need to know first. Mortgage Shopping Advice Some of the best mortgage shopping advice includes: Look for a loan that you can pay […]
How to Improve Your Credit to Buy a Home
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 […]
What’s a Standard Down Payment When You Buy a Home?
If you’re like most people who are buying a home for sale in Lake City or a nearby community, you know that you’ll need to come up with a down payment. But just how much cash do you need to buy a home? Is it really 20 percent of the home’s listing price? What’s a […]
3 Things You Need to Know Before You Apply for a Mortgage
Whether you’re a first-time buyer or you’re purchasing your 100th home (wow, right?!), here are three things you need to know before you apply for a mortgage loan. 3 Things You Need to Know Before You Apply for a Mortgage Before you start exploring lenders, you need to know: What makes a good credit score […]
Should You Get a Mortgage Online or In Person?
There are dozens of lenders waiting to talk to you right now – some of them are online and some of them are sitting in the bank waiting for the phone to ring. So if you’re buying a home for sale in Lake City, what’s right for you? Should you dive into the online world […]
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 […]
How to Calculate Your Debt-to-Income Ratio
When you buy a home with a mortgage loan, lenders want to see that you have a debt-to-income ratio of 36 percent or less. There are some exceptions, but this is the “gold standard.” That means you spend 36 percent or less of your monthly cash on debts and obligations. The lower your debt-to-income ratio […]
How to Get Your Credit Report Before You Apply for a Mortgage Loan
If you’re going to apply for a mortgage loan, you’ll need to know what your credit looks like first – that way, you can take steps to clean it up or dive right into the application process. Either way, you have to start somewhere. Here’s how to get your credit report before you apply for […]
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 […]