Your Midland REALTOR® will walk you through the entire home-buying process from start to finish, but here’s a quick look at some of the things you’ll have to do before you sign the dotted line. 5 Things You MUST Do Before Closing on Your Next Home Check out these five big milestones you need to [...]
If you’re a member of the U.S. Armed Forces, a veteran (retired or not), a defense contractor or a qualifying dependent, you could be eligible to buy a home for sale in Midland using a VA loan. But what is a VA loan, and how does it work? Here’s what you need to know. Related: [...]
If you’re like many people, you’re wondering what kind of credit score you’ll need to get a mortgage in 2018 – and you’re wondering what to do if your credit isn’t quite up to snuff for approval on a conventional mortgage. What Credit Score Do You Need to Get a Mortgage in 2018? Generally, banks [...]
When you’re buying a home, whether it’s a house for sale in Briarwood, a home for sale in Grassland Estates, or a home for sale in Greathouse, these are the first seven steps you need to take to get started. 7 Steps to Take Before You Buy a Home in Midland Make a wish list. Start looking at Midland [...]
When lenders look at your loan application, whether you’re buying a house for sale in Briarwood, a home for sale in Grassland Estates, or a home for sale in Greathouse, they want to know what your debt-to-income ratio is. Lenders assess your ability to repay the loan on a long-term basis, so they look at your ability to pay [...]
Millennials are the largest generation of homebuyers at this time, but there is a trend that we are seeing in which Millennials are having a harder time getting a good mortgage than their older counterparts. While it's easy to assume that the reason must be due to wasteful credit spending, the truth is the opposite. [...]
The United States Department of Housing and Urban Development, also known as, "HUD," sponsors many programs. You might have heard of the HUD Dollar Home Program. Many people ask how they can use the HUD Dollar Home Program. Some people wrongfully believe it means that they can purchase a long-forclosed home for one dollar. That's [...]
Many people with limited cash-to-close funds have been applying for FHA loans for decades. Since 1934, the FHA insured loans (loans backed by the Federal Housing Administration), but in more modern years as the FHA loan approval process became swifter, these loans are even more popular. Maybe you're thinking of applying for an FHA loan, [...]
Whether you’re buying a luxury home for sale in Midland, TX, a house for sale in Heritage Oaks, or a home for sale in Briarwood, you’re going to have to deal with closing costs on the day you sign the dotted line. But what are closing costs, how much are they, and why do [...]
