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First Time Home Buyers

New Build or Existing Home: Which One Is Right for You?

Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1 Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to…

How to Bridge the Appraisal Gap in Today’s Real Estate Market

If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because some sellers are finding…

Can First Time Buyers Find Starter Homes?

Can First Time Buyers Find Starter Home in This Market? You are finally ready to jump into home ownership! You’ve met the tougher mortgage qualifying standards from recent years, have saved up for your down payments, have already done your homework and know what you can afford. But can you actually find a home? The biggest problem…

What is Private Mortgage Insurance

Many of our first time home buyer clients will ask us what private mortgage insurance is! Private mortgage insurance is there for the lender. It is insurance against the possibility that you will default on your home loan. Since you didn’t have the financial power to put the 20% down on the house, the lender…