Look, mortgage interest rates have been on the rise. Right now, they are already over three-quarters of a percentage point higher than they were in January. Freddie Mac reports that rates for a 30-year fixed mortgage just rose to 4.72%. Here’s the thing: Those rates are only expected to rise. The interest rate you secure […]
During the process of purchasing a new home, you will be asked to get a proof of funds letter. You’ll need to show you have available liquid assets to cover the costs of your down payment and your closing costs. If this is your first time buying a home, everything may seem overwhelming. So, for […]
If you’re like most people, you’ll need to borrow money from a lender in order to buy a home in Tampa Bay. That means you’re going to hear a lot of new terms floating around when it comes to financing… but what do they all mean? Check out our mortgage term glossary to make sure […]
If you’re buying a home, you’re most likely going to need a mortgage… and in order for a lender to give you money, your credit will need to be up to par. Most lenders look for scores above 600, although there are exceptions. Unforutnately, there’s no such thing as an overnight fix when it comes […]
If you’re like most homebuyers, you’ll need to borrow money—by way of a mortgage loan—to buy a home. But if you’re like many people, you’re not exactly sure how a mortgage works. You’re not alone; it’s a little more complex than it sounds. What is a Mortgage? A mortgage is a loan provided by a […]
Many experts suggest getting prequalified for a mortgage before you even begin your home search; that’s so you can find out what you’re eligible to borrow and so you can set the appropriate budget for your new home. After you find a home that meets your needs, you’ll take steps to actually apply for a […]
