5 Things To Take Into Account When House Hunting
Buying a house can be an overwhelming process, albeit an enjoyable one. It is often synonymous with change and new beginnings and gives you the chance to start from scratch and put together a place to call home. However, there are a few things every prospective home buyer should take into consideration when house hunting.

Jumbo Loans Explained
Have you been thinking about investing in a luxury home, a large property, or a superb vacation pad? If the answer is yes, then you might have noticed that most conventional loans are not large enough to purchase your dream home.

Don’t fret; you still have options!

If you’re looking for a home or just purchased one, there’s a chance you’ve heard the abbreviation “FHA” mentioned at one point or another. Simply put, FHA is short for the Federal Housing Administration — which is a part of the United States Department of Housing and Urban Development, helping provide mortgage insurance on FHA-approved lender loans. Now, if you qualify for an FHA loan, there are a few different options available. The mortgage professionals at Superior Mortgage Co., Inc. help explain those choices to you.

Over the course of a 30-year mortgage, you may end up paying more than twice the amount of your principal. The rest goes towards paying interest. That interest is money in the bank’s pocket, not in your bank account. Prepaying your mortgage is paying extra principal, especially during the early years of your loan, meaning that your house will be …

In lending, pre-approval is the pre-qualification for a loan or mortgage of a certain value range. Although, to a typical consumer, “you’re pre-approved” means “you already passed the approval process and therefore are guaranteed to be immediately granted the loan. I. PROOF OF INCOME Proof of income is a document or set of documents that someone, like a lender or …

Home refinancing is a great way to lower your mortgage interest rate and reduce your monthly payments. However, if you’ve never gone through a home refinance, then there’s a ton to know. Before you apply for a refinance loan, check out the home refinance articles, guides, and additional resources. Learn about refinancing your mortgage. Refinancing a mortgage is in some …

When you are ready to buy or sell a home, a realtor will provide professional guidance from a market perspective. Few of us have enough up-to-date knowledge and experience to pull this all together on our own. Thankfully, there are many fabulous agents who have the skills, capabilities, experience, resources, ambition and personality to get the job done to your …

I. Obtaining a License 1. Check job prospects in your intended market. Check listings for open loan originator positions to see if the jobs you want are available and plentiful. Because your license is not transferable from state to state, you’ll want to become licensed in a place where you feel you can find work. 2. Meet the educational requirements. …

After years of ups and downs in the real estate market, the American Dream of owning your own home has become more and more of a stretch. The game has changed, and for some, the idea no longer carries much appeal. However, for many, the idea of home ownership still has value and is a definite dream, if not a …

For a first-time home buyer, the process of buying a house can seem a bit intimidating. Yes, there are many steps to buying the house you’ll want to call home, and we can break it down into manageable pieces. As with any project, you’ll gain the confidence and desire to learn more, take it one step at a time and …