For Home Buyers

Mortgage Broker vs. Lender: How to Choose

by Teresa Cowart in Blog,For Home Buyers,Mortgage. Tagged:

Once a buyer has made the decision to purchase a home, the next step is to get start seeking out mortgage lenders or mortgage brokers. They may sound similar but these are two completely different terms. A mortgage lender is a financial company that issues loans and mortgages to a buyer. A mortgage broker works…

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Why Could My Home Appraise For Less Than Market Value?

by Teresa Cowart in Blog,For Home Buyers,For Home Sellers. Tagged:

Location, home features, and market value all play a role in determining what a home is worth. When a buyer and seller agree on a selling price for a home, the buyer must then get a home appraisal done. Most lenders will require a home appraisal for a mortgage. If a borrower defaults on a…

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Mortgage Options for Buyers

by Teresa Cowart in Blog,For Home Buyers,Mortgage. Tagged:

With the variety of mortgage options available for home buyers, the entire process can seem intimidating. Listed in this article are the basic loan types an average homeowner may encounter in the mortgage process. Conventional Loans Conventional loans are loans that the US government does not insure and they follow the guidelines set forth by…

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How To Survive a Real Estate Closing

by Teresa Cowart in Blog,For Home Buyers,For Home Sellers. Tagged:

Often one of the most overlooked and glossed over areas of the home buying or selling process is the closing. A couple quick signatures and the exchange of keys might be the ideal situation but there are some important things to remember. The items below are things to keep in mind to have a smooth…

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A Guide to Paint Finishes and Where They Work Best

by Teresa Cowart in Blog,For Home Buyers,For Home Sellers,For Homeowners,Home Sale Preparation. Tagged:

When you have decided to tackle the project of repainting in your home you can be sure to anticipate many decisions. In addition to hundreds of colors to choose from, you also have a handful of paint finishes to choose. Not every finish is right for every room or material you will be painting. The…

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Understanding Mortgage Insurance; A Guide for Home Buyers

by Teresa Cowart in Blog,For Home Buyers,Mortgage. Tagged:

As with many things in life, risk will always have a cost. In the mortgage industry, borrowers are the risk to lenders. Where there is risk, there is almost always a cost. This is how mortgage insurance becomes important to home buyers. What is Mortgage Insurance? PMI or Private Mortgage Insurance is a premium that…

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10 Common Mistakes of First-Time Homebuyers

by Teresa Cowart in Blog,For Home Buyers,Mortgage. Tagged:

  Being a first-time home buyer is an exciting time as you prepare for your future in a beautiful new home! It’s easy to get wrapped up in the fun of house hunting, that you forget to think about some important things. From hidden costs, to realtor quality, here are 10 common mistakes first-time home…

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5 Factors That Determine the Cost of Homeowners Insurance

by Teresa Cowart in Blog,For Home Buyers,For Homeowners. Tagged:

These days insurance companies see home buying as a risk sharing partnership. So to make sure you find yourself in the higher protection class and be able to get the best offer to insure your future home, there are a few things to consider. The following 5 factors could have a huge impact on what…

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4 Costly First-Time Home Buying Mistakes

by Teresa Cowart in Blog,For Home Buyers. Tagged:

The best home buying experience is one where all goes according to plan — the first house is the perfect house, acceptance of your first offer, and a smooth transition to signing on the dotted line. While the process is (almost) never that easy, there are things you can do as a first-time home buyer…

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