Ready or not, the millennials are coming. Actually, they’re already here. As America’s largest generation at nearly 80 million strong, Gen Y is poised to dominate the housing market over the next decade-plus. How do real estate professionals find success with millennials? I hope the 15-point list in my ebook provides many of the answers you Read more about Download My Ebook on First-Time Homebuyers and Mortgages[…]
No matter the loan program you choose, you need to show the lender these documents or pieces of information. *Please note this list may not cover every document throughout the loan process, but it’s a great starting point.* Name, address and phone number of your current landlord (if you rent). Most recent mortgage statement (if you own). Copies of your W2 for 2013, Read more about Save This Checklist of Documents You Need to Buy a Home[…]
This week, USA TODAY reported many millennials don’t enter the housing market because they’re intimidated by all the confusing terminology. From the article: “After putting away enough savings, the biggest hurdle for Millennial buyers may be the learning curve that comes with understanding the process…” That’s why every week I provide you with mortgage definitions Read more about How to Cancel Mortgage Insurance[…]
First-time homebuyers in Virginia Beach, Norfolk, and Chesapeake, often ask me: What’s the maximum amount a seller can contribute to the closing costs? The answer depends on the loan program. The chart below shows the seller contributions for conventional loans based on the down payment. Note: The chart only applies for primary and second homes. More seller Read more about How Much Can a Seller Contribute to Closing Costs[…]
When you negotiate a contract and decide on a lender, you should always take into account closing costs and pre-paids. Here’s the difference between the two. Below I have pasted a chart for a closing cost estimator. I hope you find the chart useful when you negotiate for your first-time home buyers in Virginia Beach, Norfolk, and Chesapeake. Download the chart Read more about How Much are Closing Costs[…]