Home Buyers

Home Buyers Final Walk Through – Before You Sign on the Dotted Line

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

The final walk through is an important step in the overall transaction of buying a home; it’s the time when you literally walk through the home you’re about to sign on the dotted line for to make sure any and all negotiations during the process were carried out. If things needed to be fixed, replaced,…

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The Home Buying Process is Not One-Size-Fits-All

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

Different life situations call for different mortgages and strategies for home buyers. Here are a number of life circumstances that may occur and how to help smooth out the mortgage and home buying process. Self-Employed Being self-employed has a great amount of perks but one of the biggest hurdles is proving your income. When applying…

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The Different Meanings of Escrow – The Basics

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

The term escrow has two different meanings, both of which pertain to the holding of money by a third party. To help you better understand the difference, I’ll cover the basics in this post! ESCROW – Meaning 1 What is escrow? Once a buyer and seller have agreed on a price and contract for a…

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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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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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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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