In recent times, prospective homebuyers have been faced with the challenge of purchasing a home in a market with higher interest rates. Rising interest rates can have an impact on the affordability of a mortgage and the overall cost of homeownership. However, with careful planning, research, and the right strategies, it is still possible to…
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Are you in the market for your first home but feeling overwhelmed by the process? Northeast Financial is here to help! We offer a free First Time Home Buyer 101 class to help guide you through the home-buying journey. Our class is designed for those who are new to the home-buying process and want to…
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Buying a home for the first time can be an exciting and overwhelming experience. There are many things to consider when buying your first home, from finding the right property to securing financing and negotiating the purchase price. This guide will provide you with an overview of the key steps involved in the home buying…
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What is an Appraisal Waiver? An Appraisal Waiver is when you qualify to skip the appraisal process when obtaining a mortgage. Why is this a big deal when putting in an offer to buy a new home? It tells the seller that there is no risk of the home appraising lower than your offer price…
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1.) Speak with us to get pre-qualified. 5% 2.) Submit Supporting Documents 10% 3.) Receive Pre-Approval Letter. 15% 4.) Work with qualified, and professional Realtor. (We can recommend people) 20% 5.) Find a home that you desire, and make an offer with the guidance of your realtor. 25% 6.) Take a copy of your check…
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How to Avoid Fake Pre-Approvals By Selena Boyts You receive a call from an enthusiastic and considerate representative claiming to have an attractive pre-approved loan offer. Before getting too excited, pause and think before you act. More often than not, such calls are made by fraudsters or lenders trying to pull a fast one.…
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A prequalification does not require you to fill out an application; It simply relies on the information that you provide. A preapproval requires you to fill out an application and authorize your mortgage broker to pull your credit. I can provide you with either of these. I can tell you quickly what you will qualify…
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There are many reasons why it can be better to work with a mortgage broker instead of a bank when you are trying to get a home loan. A great mortgage broker will work very hard for you to find you the best product and to help you get into your new home as quickly…
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Do you have a stable job with stable income? Do you have good control of your monthly debt payments and a decent credit score? If you answered yes, then you are probably ready. The first step to find out if you are ready to purchase a home is talking to a mortgage professional. A local…
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What Are the Benefits of Buying a Home Instead of Renting? You never have to worry that your landlord will raise your rent With a fixed rate mortgage your monthly principal and interest mortgage payment will remain the same for the life of your loan. You are never left wondering if your landlord will increase…
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