HOW DO YOU USE A TAX REFUND AS A MORTGAGE DOWN PAYMENT?

by Barbara Corregano | Mar 9, 2021 | Downpayments, Mortgage Rates

A tax refund is one of several ways to come up with a down payment and closing costs to buy a home.  Many mortgage programs have a requirement that monies used for a down payment be “sourced and seasoned.” Sourced funds mean showing where the money came from, sales of...

TWO FALSEHOODS IN THE HOMEBUYING PROCESS

by Barbara Corregano | Mar 9, 2021 | Advice for Buyers, Buying A Home, Downpayments

The Millenials are no different from the previous generation when it comes to the dream of homeownership.  84% of millennials consider it part of the American Dream, according to the 2020 Millennial Home Buyer Report. There are some hurdles for these Millenials that...

Financial Fundamentals for Homebuyers [INFOGRAPHIC]

by Barbara Corregano | Jan 22, 2021 | Buyers, Buying Myth, Downpayments, First Time Home Buyers, Infographic

Some Highlights When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on...

How to Make the Dream of Homeownership a Reality This Year

by Barbara Corregano | Jan 18, 2021 | Buyers, Downpayments, First Time Home Buyers

In 1963, Martin Luther King, Jr. inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think...

Knowledge Is Power on the Path to Homeownership

by Barbara Corregano | Dec 1, 2020 | Buyers, Buying A Home, Buying Myth, Demographic, Downpayments, First Time Home Buyers, Interest Rates

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers...

Key Terms to Know in the Homebuying Process [INFOGRAPHIC]

by Barbara Corregano | Nov 27, 2020 | Buyers, Downpayments, First Time Home Buyers, Infographic, Interest Rates, Move-Up Buyers

Some Highlights Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your...