Deciding whether or not to make a down payment on your new Pensacola, FL home can be a tough judgment to make. After you decide if you will make a down payment, you have to figure out how much money you can/ or will put down.  Don’t stress out ...

In seeking a mortgage, an individual needs to decide whether to apply to a bank or to use a mortgage broker. There are advantages and disadvantages with each strategy, as well as many choices of lenders and mortgage options available. Each person brings to the table their own knowledge, experience ...

No one enjoys paying extra monthly expenses, but for many people, private mortgage insurance, or PMI, is a necessity that allows them to successfully apply for a home mortgage. In this guide to understanding mortgage insurance, we’ll learn when lenders require PMI and what makes this mortgage insurance beneficial to ...

It’s the question you need to ask yourself before you even BEGIN your new home search. It’s the most important factor in determining what kind of home you can secure and where you can begin to look. It’s a crucial consideration for first-timers and veteran home buyers alike: How much ...

If you’re in the market for a new home, it pays — literally — to understand the difference between fixed rate and adjustable rate mortgages. In this guide to mortgage basics, we’ll explain the two basic types and explore the factors that determine which type will save you the most ...

Buying A Pensacola, FL Home With Past Credit Problems

Buying a Pensacola home can be both exciting and stressful but, for those with past credit problems, the process may also seem intimidating.  The good news is that many lenders have adapted to the idea that many hopeful homeowners simply ...

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.

Pre-Qualified VS Pre-Approved

You are considered to be pre-qualified for a Pensacola, FL  mortgage when a lender ...

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 ...

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 are now cracking down on people who are trying to be approved for mortgages. Lenders are trying to lower the amount of homes ...

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. When making your biweekly payments, it allows you to make 13 full month payments by the end of ...