You may have heard the term Escrow from your real estate agent and be wondering what it means.  It is important to know what is happening in your transaction as you buy your home and escrow is a term you will want to know about. This is Michael Anthony O’Connor with Community Home Funding and…

  Buying a home can be a stressful and confusing time for many homebuyers. But it does not have it be. One of the first things you should do when you are considering buying a home is to know your credit score. Tip Number One: Get Your Credit Report and Scores for Free To get…

Many people have questions when they get a mortgage.  For some, they may wonder what type of mortgage to get or what mortgage terms like principal, down payment and mortgage insurance mean.  Wherever you are in the mortgage process, it’s important to get your questions answered and that is my goal in this video today. …

This script explains the VA Funding Fee, and how it compares to other loan programs. If you are a veteran, buying a home using your VA Home Loan Benefit may get you into the house of your dreams!  In fact, many VA borrowers say that buying a home with no money down is the VA…

If you are buying a home, you may be wondering the steps to applying for a mortgage. Knowing the steps can be very helpful. Today we are going to share three important steps to getting a mortgage. Let’s begin with step one, which is submitting an application. Step One: Submitting an Application You can complete…

You’ve probably heard the term “conventional” loan on the news or read about it online, but what is a conventional loan? A conventional home loan is also called a conforming loan.  This type of loan meets the requirements for Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages…

If you are applying for a home loan, you may have heard the term “debt-to-income” ratio or DTI. So, what is a debt-to-income ratio and why does it matter so much if you are getting a home loan? In this video we will explain what debt-to-income is and why lenders care so much about it.…

National Homeownership Month is in June. It celebrates the value that owning a home brings to families, communities, and neighborhoods across America. By becoming a homeowner, people get a step closer to the American dream. This month also shares the joys of being a homeowner, which can encourage others to achieve the same thing. National…

Divorce is never easy. It is often painful, complicated and something that most people just want to get through. Whether you are legally separated, getting divorced, or already divorced, you may need to remove your ex from your mortgage and assume the loan on your own and you may be wondering what your options are.…

Every borrower should get pre-approved before they go shopping for a home.  Let both your borrowers and agents know the difference between a pre-approval and pre-qual from those online sites. You may be wondering what it is like to buy a home.  Should you start your search online?  Should you look at homes first or…