Looking for a home inspection in Louisiana? Wondering how much it costs? When buying a home, one crucial step is conducting a thorough home inspection. Understanding the cost of a home inspection in Louisiana is essential for budgeting and ensuring a smooth home buying process. During a home inspection, a qualified professional examines the property …
If you’re interested in discovering the ins and outs of home appraisals,then you’ve landed in the perfect spot. A home appraisal is a thorough examination of a house by an expert in order to determine its market value if it were to be sold. It’s a critical component for homeowners, buyers, and sellers to make …
Home Appraisals 101: The Basics You Need to Know Read More »
Are you in the process of buying or selling a home and wondering about the role of Appraisal Management Companies (AMCs)? These companies have become an increasingly common part of the home appraisal process, but many people are still unsure about what they do and how they impact home appraisals. In this blog post, we’ll …
Appraisal Management Companies (AMCs): What You Need to Know as a Homebuyer or Seller Read More »
For some, purchasing a home where no repairs are needed is a welcome relief of anticipated stress. When shopping for a home the words they want to hear are Move in Ready. What does this mean for the home buyer? Oftentimes the terms move-in ready and turn-key home are used interchangeably. But are they the …
If you’ve been speaking with a loan officer or are looking into buying a home, you may have heard the term, points, before. But what does this mean? What are points in terms of a mortgage? What are mortgage discount points? Discount points are a way to lower your interest rate by paying an upfront …
Have you ever wondered how your employment history will affect your ability to buy a home? Many factors are considered when you apply for a home loan. Employment history is a big one, here’s what you need to know Can I Get a Mortgage Without a 2-Year Work History? Generally speaking, most lenders want to …
You may be wondering if your rental history will play a factor in your approval. How does where you’ve lived and how you’ve paid your rent affect your loan approval? Let’s dive in Do Mortgage Lenders Look at Rental History? Rental history is often overlooked in the mortgage approval process. Mortgage lenders and underwriters …
What are reserves in mortgage? Are you in the process of purchasing a house or you want to purchase a house but you’ve been told you need reserves? While many first-time home buyers are aware of their need for a down payment and even closing costs, you may not be aware of reserves. You may …
What Credit Score is Needed to Buy a House? You should have a credit score of at least 580 if you want to buy a house. While there are programs to help you buy a house if your credit score is as low as 500, you’ll find it much easier to qualify with a credit …
How long a pre-approval is good for can vary, but generally they will last for at least 90 days before they need to be refreshed.
Will Getting Pre-Approved Hurt Your Credit? If you’re thinking about buying a home, you probably know that your credit plays an important role in getting approved for a mortgage. The better your credit score, the better your terms usually are, so making sure you have the best score possible is important. However, you’ve likely also …
What Is Underwriting? Buying a home is a huge commitment’s for you and the lender. With the amount of money involved the lender has to make sure that you are able to repay the loan on time. Underwriting is the process the lender uses to determine if you can repay the loan. The mortgage underwriting process …
Underwriting is the process lenders use to determine if you can be approved for the home loan you’ve requested. When it comes to how underwriting is done, you have two different options: If you’ve had past credit issues you may need to consider using manual underwriting in order to give yourself the best chance of …
Home renovation loans provide you with funds to buy and fix up a home in Louisiana. Despite the renovation portion of the loan, it’s still a mortgage. You apply for one loan and have the money to buy the home and complete agreed-upon renovations. The type of loan you choose determines what you need to …
Renovation Loans: Finance Your Home Improvement Dreams Read More »
If you are currently going through the mortgage process you may have heard of aus. AUS stands for Automated Underwriting System. The aus in mortgage is needed in order to determine if you are able to be approved for a home loan. AUS stands for Automated Underwriting System, and it’s a program used by mortgage …
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