Monthly Archives: September 2008

Making an Offer on Your Next Home

Posted on September 17, 2008 by Ted Canto • 0 Comments

Making the Perfect Offer to Buy the Perfect Home Overview Once you’ve found a home that meets your needs, it’s time to make an offer. In deciding the amount of your offer you and your agent have to weigh several factors – asking price vs. comparable home sales, market conditions, other potential offers, how badly… Continue Reading

Filed Under: Buying a Home, Expert Home Buying and Selling

Getting an Appraisal When Buying a Home

Posted on September 17, 2008 by Ted Canto • 0 Comments

Important Information You Should Know Regarding Appraisals Overview You’ve found the home of your dreams, the paper work has been processed and a closing date set. The next step is to order an appraisal to gauge the true value of the home. There are several questions surrounding the appraisal process and what to expect. The… Continue Reading

Filed Under: Buying a Home, Expert Home Buying and Selling

Mortgage Closing Costs and Fees

Posted on September 17, 2008 by Ted Canto • 0 Comments

Overview You’ve probably heard of closing costs. Any time you get a mortgage there are closing costs and fees associated with that mortgage. Here we’ll help you understand each one so that you can come prepared to the closing table. Points are a good way to reduce your interest rate and the amount you pay… Continue Reading

Filed Under: Buying a Home, First Time Home Buyers

Home Loans for First Time Home Buyers

Posted on September 17, 2008 by Ted Canto • 1 Comment

Overview There are three basic types of mortgages: fixed rate, adjustable rate and interest-only. Each loan has advantages and disadvantages to it – make sure you choose the right one for your particular situation. Be sure to talk to an experienced home loan expert to fully understand all your options. Now that you’ve found a… Continue Reading

Filed Under: Buying a Home, First Time Home Buyers

Forget Pre-Qualified; Get Pre-Approved Before You Shop

Posted on September 11, 2008 by Ted Canto • 1 Comment

Overview What’s the difference between a pre-approval and a pre-qualification? Should you care? Yes! Confused about what getting pre-qualified or pre-approved means? You’re not the only one. There’s a big difference between a mortgage pre-qualification, a pre-approval and an actual mortgage approval. Getting Pre-Qualified for a Mortgage Getting pre-qualified for a mortgage helps give you… Continue Reading

Filed Under: Buying a Home, First Time Home Buyers

$8,000 First-time Homebuyer Credit: 6 Insider Tips

Posted on September 11, 2008 by Ted Canto • 0 Comments

Overview UPDATE: FEDERAL HOUSING TAX CREDIT Everyone’s talking about the $8,000 home loan tax credit for first-time home buyers that’s part of the new $787 Billion Stimulus Plan. The intention of the credit is to encourage home sales to help stabilize housing prices, minimize foreclosures and help the economy. This is great news for the… Continue Reading

Filed Under: Buying a Home, First Time Home Buyers

How Adjustable Rate Mortgages Work

Posted on September 11, 2008 by Ted Canto • 0 Comments

The Truth About Adjustable Rate Mortgages Overview Adjustable-rate mortgages (ARMs) are great for certain people and situations. Don’t pay more each month than you need to. If an ARM makes sense, why not go with one? An adjustable-rate mortgage (ARM) is “a loan with interest rates that are adjusted periodically based on changes in a… Continue Reading

Filed Under: Adjustable Rate Mortgages, Refinancing

FHA Streamline – Refinance Your FHA Loan with No Appraisal

Posted on September 11, 2008 by Ted Canto • 1 Comment

Overview An FHA Streamline refinance allows you to take advantage of lower mortgage rates by refinancing your current FHA loan into a lower fixed rate on a new FHA loan and you could even qualify for no appraisal and easier qualification. The Canto Team offers FHA Streamline refinance, the easiest way to refinance your FHA… Continue Reading

Filed Under: Refinance FHA Loans, Refinancing

The Making Home Affordable Plan: Myths about Loan Modifications and Refinancing

Posted on September 11, 2008 by Ted Canto • 0 Comments

Overview Let us examine a few of the common myths surrounding President Obama’s new housing plan – Making Home Affordable. To find out if you qualify for the Making Home Affordable plan, go to http://makinghomeaffordable.gov or call a Home Loan Expert now at (888) 724-7402. Myth: Everyone can qualify for a loan modification – regardless… Continue Reading

Filed Under: Making Home Affordable Plan, Refinancing

Simple Ways to Find Your Home Value

Posted on September 11, 2008 by Ted Canto • 0 Comments

Overview Figuring out how much your home is worth can be tricky if you don’t know where to start. Several factors impact your home value. Make sure to have your home appraised by a professional. Look at listings of homes for sale in your area, and those that have recently sold. Your home value should… Continue Reading

Filed Under: Find Your Home Value, Refinancing