For buyers31 Blog Posts

The Ultimate Guide to Title Insurance

Title insurance can be hard to understand and know why you need it. Private mortgage insurance (PMI) is required by the lender, provided you have less than 20% down, to ensure the loan is repaid if the borrower defaults. Homeowner’s insurance is a necessity to protect the lender’s property interests.   Then there is title insurance, one […]

What to expect from the home inspection.

A home inspection is a thorough check by a professional of the dwelling’s condition, and a report is provided to the buyer.  It may sound simple but it can make or break the sale.  If you know what to expect from your home inspection then you can increase your chance of making sound decisions and […]

What the heck is a HECM?

2019-10-16 09:39:19A HECM, or Home Equity Conversion Mortgage for purchase, may help you buy your next home without required monthly mortgage payments.  Sound too good to be true?  It’s not.  A HECM for purchase is a reverse mortgage insured by the Federal Housing Administration (FHA).  That means it’s the only one insured by the U.S. Federal Government. It was […]

7 things to avoid after applying for a mortgage

Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your […]

Where are mortgage rates headed in 2019?

Where are mortgage rates heading in 2019?  The most likely correct answer is up.  But how high?  Nobody know, but let’s look at what the experts think. The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That […]

Why buy a new construction home?

Why buy a new construction home?  Consider this:  there is much uncertainty when you search exclusively for resale homes. The baseline price is unknown- meaning what price will the seller take? What will the inspector find? Might the seller fix anything? How about deferred maintenance issues that may surface after you move in? How much […]

Free list of new homes in Mooresville

Get your free list of new construction move-in-ready homes in Mooresville in the $200,000 to $400,000 price range. Or, if you prefer, tell me where you want your new home and I’ll email you what’s available! Click here for the list. This is a great time of year to buy.  Incentives from area builders can […]

Can I bring a Realtor with me when I visit a model home?

Are Realtors welcome at model homes?  Yes!  You are entitled to representation. The sales agent in the model home represents the builder- not your best interest. And builders don’t charge you more if you have a Realtor! New homes offer many more benefits than existing homes. When it comes to see and buy one, make […]