Know the Difference Between Being Pre-Approved and Pre-Qualified for a Pensacola, FL Mortgage

Pre-approved and pre-qualified are two terms Pensacola, FL home buyers often misunderstand during the mortgage process. By the end of this post, you will be able to understand the difference between the two. You are considered to be pre-qualified for a Pensacola, FL mortgage when a lender performs a basic review of your financial situation. Usually pre-qualification occurs early on in the mortgage process

Can I Buy a Pensacola, FL Home After Filing Bankruptcy or Foreclosure?

Many people worry that they will never be able to buy another home after they have gone through bankruptcy or a foreclosure. Often times when a person is going through the foreclosing or bankruptcy process, they are told it takes seven years for their credit to rebuild and enable them to buy a home or be approved for a mortgage

Shopping for a Mortgage in Pensacola FL?

1. KNOW WHAT YOU CAN AFFORD. Before you visit the Pensacola MLS and start shopping for a Pensacola, FL home, review your monthly spending plan to estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities.

Pre-Approved Mortgages vs. Pre-Qualified Mortgages

You’ve undoubtedly heard the phrase, “Don’t put the cart before the horse.” This is true when speaking of the mortgage terms: prequalified and pre-approved.

Want Your Pensacola, FL Home to be Mortgage Free?

Are you tired of paying your mortgage each month? Here are a few helpful ways to pay your mortgage off early. To start with, make your mortgage payments biweekly instead of weekly.

Don’t Let the New Pensacola, FL Mortgage Policies Scare You!

Before real estate collapsed, all it took for a person to get approved for a mortgage was to have a heart beat and to be breathing. Lenders now are cracking down on people who are trying to be approved for mortgages. Lenders are trying to lower the amount of homes going into foreclosure due to people not being able to pay for their mortgage. Here are a few ways to help prepare those trying to obtain a mortgage.

How to Get a Pensacola, FL Home Loan

One of the many important parts of buying a home is getting approved for a home loan. For first time home buyers, getting approved for a home loan can be a confusing process. Hopefully this blog will help you understand what all must be done to obtain a home loan.

Two things you will need are a real estate agent and an online mortgage/finance services. Finding a real estate agent can be quite easy. A couple of ways to find an agent is to ask family and friends if they know anybody or go online and look an agent up in your area. A great website to use is www.realtor.com, this website will give you the option to preview all of the real estate brokers in your area, so you can find one that will suite your personal needs.

What it takes to get a Pensacola, FL Home Loan….

Pensacola Florida felt when the financial crisis hit, many

banks became tightfisted, and plenty of potential

home buyers walked away empty handed. But financial

institutions have emerged from the recession stronger and

ready to lend.

Your Credit Report & Correcting Credit Reporting Errors

Do you ever wonder why there are so many commercials that advertise about consumers’ credit reports? I am sure you have heard the commercial with the jingle for FreeCreditReport.com. You either love it or you hate it! While there are many companies who offer this service, many people are not aware that AnnualCreditReport.com is the ONLY authorized source to obtain a FREE annual credit report under federal law, according to the Federal Trade Commission (FTC).

Determine Your Price Range Before Buying a Pensacola, FL Home

How much house can you afford to buy? Take a quick look at the Pensacola MLS and you will discover thousands of Pensacola FL homes for sale. Which one can you afford? That is one of the most common questions we receive from first time home buyers and there is no way we can answer this question. However we can tell you how to answer this question for yourself.