What is manual underwriting? When you fill out an application with a mortgage lender, the lender will run your application through an automated underwriting system. These systems have algorithms that include all the underwriting guidelines from Freddie Mac & Fannie Mae and match the information on your loan application with those guidelines. An actual underwriter […]
Owner’s title insurance is optional and only available when you purchase your home. A title insurance policy will protect the homeowner from claims against the ownership of the home. This valuable insurance protects the homeowner and is a one-time fee with no ongoing expense. The cost ranges from $500 to $3000, depending on the home’s […]
As our customers move through the purchasing process and we get narrowed down to the nickel and dime costs, the question should you buy the home warranty always seems to come up. There are the down payment monies, a full year of homeowner’s insurance, this tax, that tax, and now a warranty? Seems like a […]
You are finally under contract for your dream home and your real estate professional suggests it’s time to schedule your home inspection. Even though you can’t wait to move in and are already daydreaming about furniture placement and colors to paint the kitchen, STOP! Don’t just have the agent schedule it and forget about it. […]
Creative budgeting can be a game-changer if you’re trying to save money or get a better handle on your finances. Your family budget does not necessarily have to fit a template, and even if you do use a template, you can customize it. A budget that fits your style and family dynamic tends to be […]