A mortgage is a loan to purchase property using the property as collateral. The lender will require a recorded deed to secure their stake in the property. With careful planning, savy homebuyers can find the loan that is right for them and avoid paying unnecessary costs. “The average home buyer spends double the time researching a car purchase as he or she does researching a mortgage.” Zillow

How Should I Go About Shopping for a Loan?

Sandy Gadow

Consider banks, savings and loan offices and loan brokers: Find out what types of loans are available and ask about interest rates and loan fees. Find out how quickly the lender can make an appraisal of the property. Prepare a … Continue reading →

How Much Can I Borrow?

Sandy Gadow

Depending on your annual income, cash reserves, credit worthiness, and the appraised value of the property, you may be able to borrow up to 100% of the value of the home.  A typical home mortgage is 80% of the home’s … Continue reading →

What Is the Best Way to Improve My Credit Score?

Sandy Gadow

While there is no “best” way to improve your credit score, as each of the three main credit reporting bureaus may give a higher value to one type of action over another, there are several steps you can take, which … Continue reading →

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