Category Archives: Home Buying Tips

As Mortgage Rates Increase, Will Home Prices Decrease?

buyer looking at mortgage rates

As of December 8, mortgage rates have climbed to 4.13% for a 30-year fixed-rate mortgage. With the recent increase in interest rates, many people assume that home prices will decrease. After all, if fewer people are able to purchase a house due to higher mortgage rates, then the demand for homes (and therefore the price) should decrease. […]


Should You Pre-Pay Your Mortgage?

Maybe you got a big pay bump at work, or a family member has gifted you a large chunk of change. Whatever the reason, you’re suddenly able to pre-pay your mortgage—this means paying it off before your allotted time is up (say, 30 years). Pre-Paying Can Save You Thousands of Dollars When you pre-pay your […]


Can You Still Get a Loan with Minimal Documentation?

When it comes to getting a loan, there’s a laundry list of documents needed to be approved. From tax returns to credit statements, your lender needs complete access to your financial history. But it wasn’t always the case. Not too long ago, some lenders offered what are called “stated income loans.” More commonly referred to […]


4 Reasons to Become a Homeowner

buyers thinking of home features

On the fence about buying a home? Other than the obvious idea that you finally own your space, there are many reasons to make the move to homeownership. Below are the top four. 1. Owning a Home is a Great Investment Owning a home is a fantastic long-term investment. Home values are constantly rising and […]


How to Think Like a Lender

buyers discussing real estate information

When you’re looking for the best rate on a home loan, it’s important to know what lenders are looking for. Read on to learn how to think like a lender. What Bethesda Mortgage Lenders are Looking For When doling out home loans, lenders are looking for telltale signs as to whether or not you will […]



How Can You Prep for Closing Day?

homeowners standing in front of their new house

After months of searching, you found the house of your dreams. You’ve crossed your t’s and dotted your i’s, and now closing day is fast approaching. Congratulations! Now what? Here is a bit of insight on how you can save a few headaches and keep the closing on track. Keep Extra Money in Your Account […]


Should You Get a 40-Year Mortgage?

Home Mortgage Applications

Obtaining a mortgage requires a good amount of research. How long should your mortgage be? What provider should you use? The questions can seem endless. If you’re considering a 40-year mortgage, read on for a bit of valuable insight. Benefits of a 40-Year Mortgage The main drawback of the 40-year mortgage is pretty obvious: 40 […]


What Kind of Homeowner’s Insurance is Right For You?

When you’re wading through the legalities of buying a home, the process can be daunting, especially if you’re a first time buyer. Interest rates, mortgages, and appraisals, oh my. Read on as we weigh in on what type of homeowner’s insurance is your best bet. Standard Homeowner’s Insurance For most buyers, a standard insurance policy […]