Category: Financing

Conventional or FHA Home Loan?

In almost every case, a first-time homebuyer will need a mortgage to complete the purchase of their home. Depending on your personal finance situation, you may choose between a conventional loan, or a Federal Housing Administration loan. Each of these loans has its own pros and cons, and each type has its own requirements. What’s… Read more »

Don’t Wait for a Mortgage Pre-Approval

Mortgage “pre-approval” is called that because it’s the step that you should take first in the home-buying process. Getting pre-approved for a home loan shows homesellers that you’re a serious buyer, and it gives you the ability to move quickly when you find a home that you love. If you wait to get approved for… Read more »

What Factors Determine What Kind of Mortgage You Get?

When you wade (or in some cases, cannonball) into the world of homebuying, you’ll almost certainly start by getting preapproved for a mortgage. You should know that not all mortgages are made equal. There are a number of factors that determine what kind of mortgage you can receive, and what kind of mortgage will work… Read more »

Should You Refinance to Complete a Home Renovation?

One of the perks of purchasing a home is that instead of just paying a monthly fee for rent, you’re actually getting equity for your money. You’re working toward owning the place where you live. Purchasing a home is a long-term plan, and your homeowner wants and needs can change over time. If you decide… Read more »

Understanding Fixed- and Adjustable-Rate Mortgages

Buying a home for yourself isn’t only a matter of searching for the right property. You also need funding to make the purchase. Unless you have the flexibility to pay cash for a home outright, which is unlikely, you’ll need a home mortgage. When you go to apply for a mortgage, again, you have options…. Read more »

Start Saving for Your Home Down Payment Early

Buying a home is one of the biggest financial decisions that you can make. It takes plenty of time, consideration, and preparation. That last part is key. You may not be considering buying a home in the next year, but you still need to lay the groundwork for this decision. Saving for a home down… Read more »

It’s Time to Find a Loan Officer for Your Mortgage

Efficiency is a must during the homebuying process, especially in a hot housing market. Right now, it seems like just about every housing market is a hot one — definitely Omaha. If you want to purchase a home in Omaha, you need to have your ducks in a row before the process even begins. If… Read more »

Is Pre-Approval a Must for Buying a Home?

Whether you’re a first-time homebuyer or a veteran of the process, you’re aware that making a home purchase takes time and legalease. Anything you can do to speed up the process is a huge help, and one of the biggest first steps that you can take is seeking pre-approval for your home mortgage. Pre-approval is… Read more »

How to Build Credit Before Buying a Home

If you’re not a personal finance nerd, making a foray into the world of personal credit and home financing can feel a little overwhelming. You probably just want to buy a home. Having a good credit score will be a huge ally in the process! You can begin building, repairing, or improving your credit score… Read more »