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So far Alicia has created 40 blog entries.

What If I Put Down Less Than 20% On A Home Loan?

Consumers who were approved for mortgage loans were required by lenders to make down payments equal to 20% of the value of the home they were interested in buying. This helped to solidify the lender’s trust in the buyer and minimize their risk in giving out a loan. With many lenders today, the mandatory 20% [...]

What If I Put Down Less Than 20% On A Home Loan? 2018-11-02T18:36:39+00:00

How Much Should First Time Home Buyers Put Down?

Previously, you could expect a lender to require you to pay up to 20 percent down before they would finance your purchase. These days, this isn't true anymore. From government programs to lenders offering unique financing, you can buy by putting next to nothing down. Many people jump on such financing without asking the fundamental [...]

How Much Should First Time Home Buyers Put Down? 2018-11-02T15:31:33+00:00

What Are Land Loans?

Some people are interested in buying land instead of an existing home, whether it is the preference of building your dream home or buying property in an area you prefer, when it comes down to financing this endeavor, you may find that obtaining a mortgage loan is more difficult than if you were house-hunting in [...]

What Are Land Loans? 2018-10-17T06:24:02+00:00

How To Get Rid Of PMI

Private Mortgage Insurance, also known as PMI, is something that many people don’t want to have (but can’t avoid) and they want to get rid of it as soon as possible, especially since it means that their monthly payment will go down and that they have a sizable amount paid off on their home. Mortgage [...]

How To Get Rid Of PMI 2018-10-17T05:24:02+00:00

How To Pay For Home Renovations

Home renovations are something that many long-term homeowners can’t evade, after a time, homes will need major maintenance and updating.  Don’t let the costs of such tasks make you feel overwhelmed, there are several mortgage options and mortgage loans that you can request to help pay for home renovations. There are two main options: you [...]

How To Pay For Home Renovations 2018-10-10T11:18:14+00:00

Recent Rise In Mortgage Applications

There are indications that the mortgage application volume is currently on the rise. According to the Mortgage Bankers Association's seasonally adjusted report, the total mortgage application volume increased 1.6 percent a few weeks ago compared to the other previous weeks. Reports also have it that the interest rates for home loans are climbing again and [...]

Recent Rise In Mortgage Applications 2018-09-24T22:41:44+00:00

What Is Escrow?

One of the most significant and most essential purchases any individual will make in life is buying a home. It often requires a considerable sum of money in the form of mortgage payments, and because of this, the buyer or seller involved needs a safe, tested and secure way via which they can carry out [...]

What Is Escrow? 2018-09-21T22:22:33+00:00

Using A Professional Mortgage Broker To Help You Understand Your Mortgage Terms and Interest Rates

When it comes to choosing a mortgage loan there is no one size fits all option that works for everyone. Because there are so many factors to consider when choosing the mortgage that is right for you, it can be difficult to know if you are choosing the right one. A professional mortgage broker has [...]

Using A Professional Mortgage Broker To Help You Understand Your Mortgage Terms and Interest Rates 2018-08-23T15:34:46+00:00

Before You Buy: Everything You Need To Know About Homeowner’s Associations (HOAs)

If you are looking to buy a condo, townhouse, or even a single-family home in a planned community development, chances are you will need to know everything you can about homeowner’s associations before you decide to buy. HOAs are not necessarily a bad thing, but they do come with their own pros and cons and [...]

Before You Buy: Everything You Need To Know About Homeowner’s Associations (HOAs) 2018-08-13T18:23:50+00:00

What To Look For Before Purchasing A House That Has Been Flipped

When purchasing a home many buyers are attracted to recently flipped houses because of their picture-perfect updates. But there are definitely some things you need to pay close attention to when looking at a flipped house. Here’s what to look out for to make sure your newly purchased home doesn’t flip into a nightmare. Hire [...]

What To Look For Before Purchasing A House That Has Been Flipped 2018-07-30T21:17:59+00:00

Understanding Common Terminology In Your Mortgage Loan Document

Reaching the point of purchasing a home, especially if it is your first home, is typically a time of excitement and joy of reaching a life-long dream. But once you actually begin the process, you realize there is a lot more information involved in the process of buying a home and many terms used throughout [...]

Understanding Common Terminology In Your Mortgage Loan Document 2018-07-27T12:08:26+00:00

How To Repair Your Credit When You Are Preparing To Buy A Home

Buying a home is probably one of the largest investments you will ever make, and because it is such a large investment the risk of you defaulting on a mortgage loan is higher than the risk of you defaulting on a smaller loan. Because of the risk involved with such a large investment, your credit [...]

How To Repair Your Credit When You Are Preparing To Buy A Home 2018-07-20T18:26:35+00:00

How Do I Get A Free Copy Of My Annual Credit Report

Repairing your credit history and raising your credit score isn’t impossible, but it is important to have realistic expectations with regard to the amount of time it will take to do so. There are some things you can do quickly that will help repair and raise your credit score in a short amount of time [...]

How Do I Get A Free Copy Of My Annual Credit Report 2018-07-20T18:21:21+00:00

Simple Strategies To Growing Your Savings

It is suggested that everyone has about three to six months income saved away as a “rainy day” fund, but the average American has far less than this amount saved. According to a recent poll, 57% of American’s have less than $1,000 put away in a savings account! So, what can you do to start [...]

Simple Strategies To Growing Your Savings 2018-07-09T16:41:01+00:00

How To Save Money When Buying Your First Home

Becoming a first-time homebuyer is an exciting time in your life. This is most likely the biggest and most important buying decision you will make in your life! But with buying your first home you may begin to realize that there are many more costs associated with home ownership than you may have expected. So, [...]

How To Save Money When Buying Your First Home 2018-06-11T12:49:56+00:00

Negotiating Repairs After The Home Inspection Part 3

To read part one of this series, click here. To read part two of this series, click here. KNOW WHAT IS REASONABLE TO NEGOTIATE ON So what issues are considered reasonable for the buyer to expect the seller to be willing to negotiate repairs on, and what issues are reasonable for the seller to expect [...]

Negotiating Repairs After The Home Inspection Part 3 2018-06-08T06:01:39+00:00

Negotiating Repairs After The Home Inspection Part 2

To read part one of this series, click here. Once you have the home inspection report, it is important to know what your options are in the negotiating process moving forward. There are typically four different ways you can approach negotiations after a home inspection. These options include: Ask the seller to complete necessary repairs. [...]

Negotiating Repairs After The Home Inspection Part 2 2018-06-08T05:58:41+00:00

Negotiating Repairs After The Home Inspection

You are on your path to buying a home and you have reached the point of the home inspection. The home inspection is important because it will let you know of any potential issues the home may have in the future, and any immediate repairs that will be needed. So, who would be responsible for [...]

Negotiating Repairs After The Home Inspection 2018-06-08T05:55:08+00:00

Simple And Affordable Home Improvement Projects You Can Do Yourself To Add Value To Your Home

If you are thinking about selling your home in the near future, there may be a few home improvement projects you want to consider completing before you determine the asking price and list your home for sale. Or maybe you would simply like to make some improvements to your home but don’t have any intentions [...]

Simple And Affordable Home Improvement Projects You Can Do Yourself To Add Value To Your Home 2018-06-05T14:59:44+00:00

Documents Your Mortgage Provider Needs To Get You Approved

Buying a home is a difficult process and there is a lot that goes into it. There is no exception when it comes to the loan approval process. Prior to 2007, it was common for homebuyers to be approved for loans with almost no documentation being provided, and this is often considered the primary catalyst [...]

Documents Your Mortgage Provider Needs To Get You Approved 2018-06-04T15:07:12+00:00

How To Use Social Media To Help You Sell Your Home

As technology has continued to improve and expand, our use of technology has also grown and developed overtime. We now use technology in about every facet of our lives and are on some form of social media at least once a day. But did you know you can use the power of social media to [...]

How To Use Social Media To Help You Sell Your Home 2018-05-17T06:56:39+00:00

Determining How Much House You Can Afford

Before you start your house hunt, one question that should come to your mind is, "how much can I afford to buy?" Answering this question is very important to help you make the right choice. You can also narrow down your options when you know how much you can spend on a house. Knowing how [...]

Determining How Much House You Can Afford 2018-05-11T01:24:43+00:00

How To Qualify For A Mortgage As A Part Time Worker

Attaining a mortgage without a full-time job can be challenging, but it is possible. However, because you work as a part-time does not make have fewer rights than your full-time counterparts. Although there is no strict definition of the number of hours a person must work to be considered a part-time worker, there is no [...]

How To Qualify For A Mortgage As A Part Time Worker 2018-05-01T05:11:18+00:00

What To Look For When Completing A Home Walkthrough As A Home Buyer

When it comes to home buying and selling it is important for the buyer to know what they need to look for when viewing the home and it is important for the seller to know what potential buyers will be looking for in their home. With home staging becoming more popular it is easier for [...]

What To Look For When Completing A Home Walkthrough As A Home Buyer 2018-04-17T16:36:14+00:00

Staging Tips To Help Create A Welcoming Environment For Home Buyers

Staging is an essential step in the home selling and buying process. A well-staged home is more likely to sell quicker and at a higher price. According to the National Association of Realtors, a staged home will sell for 17% more on average than a non-staged home and 95% of staged homes sell in 11 [...]

Staging Tips To Help Create A Welcoming Environment For Home Buyers 2018-04-10T23:33:09+00:00

How To Prepare Your Home For Open House

If you are thinking about selling your house, there are a few key points to consider before having an open house to encourage a bid on it. Buyers usually have important thoughts and visions before committing to a forever home. Make sure your home is up to code. This could hinder buyers from taking the [...]

How To Prepare Your Home For Open House 2018-04-05T03:16:47+00:00

4 Types Of PMI – Which Is Best For You

What is PMI? When a borrower mаkеѕ a dоwn рауmеnt of lеѕѕ than 20 реrсеnt, the lender requires thе borrower to buу рrivаtе mоrtgаgе insurance, or PMI. Thiѕ рrоtесtѕ thе lender from lоѕing money if the borrower еndѕ up in fоrесlоѕurе. PMI is аlѕо required if a bоrrоwеr rеfinаnсеѕ the mоrtgаgе with lеѕѕ thаn 20 [...]

4 Types Of PMI – Which Is Best For You 2018-02-12T13:04:06+00:00

How Much Down Payment Do You Need To Buy A Home

One of our biggest dreams in life is owning a home. Also, buying a house is never an easy task. The reason why preparation is necessary is because homes are expensive. If you’re planning to buy a home, you must be prepared for the out-of-pocket costs that come with it. Once you complete the gruelling [...]

How Much Down Payment Do You Need To Buy A Home 2018-02-12T12:54:54+00:00

What every veteran should know before buying a house

Veterans of the U.S. Military or National Guard should have the greatest benefits. Their lives have been compromised protecting the country and its citizens. As a way of giving back to them, the government instituted the Veteran Home Loan Program entitling veterans to avail housing without cashing out a single cent from their own pockets [...]

What every veteran should know before buying a house 2018-02-12T13:06:49+00:00

Beware of these 10 common mortgage tricks

Times are tough for everyone nowadays with home values plummeting, job cuts, and the stock market fluctuating at degrees of absurdity; the last thing a homeowner needs is to be tricked or scammed by a crook. The newest trend in criminal activity toward homeowners is mortgage scam and tricks. This crime is devious, deceptive, and [...]

Beware of these 10 common mortgage tricks 2018-02-12T13:10:46+00:00

Everything You Need To Know About A Conventional Mortgage Loan

Purchasing a home is one of the biggest decisions that you will make in your lifetime, so it is important that you do so with the loan that is best for you. There a numerous loans out there, including conventional mortgage loans, and each with its out set of pros and cons. This article will [...]

Everything You Need To Know About A Conventional Mortgage Loan 2018-02-12T12:39:38+00:00

Top Mortgages With Low Minimum Credit Score Requirements

Buying your own home rather than renting is everyone's dream these days. But if you have had a financial mishap, such as missed credit payments or debt defaults, it can be challenging to get a loan. Mortgage companies will always check your credit score before they approve any house loans and if you have had [...]

Top Mortgages With Low Minimum Credit Score Requirements 2018-02-12T13:13:44+00:00

Unusual Factors That Improve Your Home’s Value

A home is a solid investment and one of the most significant that any individual or family can make. Just like any investment, wise and careful planning are the most vital keys to get the most from your investment. If you are a homeowner, then there are many things you can do to improve the [...]

Unusual Factors That Improve Your Home’s Value 2018-02-12T13:18:07+00:00

10 Factors That Are Killing Your Mortgage Rate

Shopping for the best mortgage rate can be stressful and often, borrowers may feel that they have been lied to when they are not offered the rate that the lender was advertising or that they were expecting to get. However, there is a reason for this. There are ten factors that affect the mortgage rate [...]

10 Factors That Are Killing Your Mortgage Rate 2018-02-12T13:20:58+00:00