Making an Offer on Your Next Home
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 you want the home, the home’s condition, if you’re approved...
Getting an Appraisal When Buying a Home
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 appraisal is ultimately your safeguard against spending more on your...
Mortgage Closing Costs and Fees
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 for them is usually tax-deductible.*
Rates can go up one day and down the next. Whether...
Home Loans for First Time Home Buyers
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 home, you need to find a way to finance it. But how do you know...
Forget Pre-Qualified; Get Pre-Approved Before You Shop
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...
$8,000 First-time Homebuyer Credit: 6 Insider Tips
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 personal economies of first-time buyers! Check out these...
How Adjustable Rate Mortgages Work
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 pre-selected index after a set fixed-rate period. As a...
FHA Streamline – Refinance Your FHA Loan with No Appraisal
Overview
An FHA Streamline 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 loan. With FHA Streamline, you could refinance an FHA loan with no appraisal and no income/assets...
The Making Home Affordable Plan: Myths about Loan Modifications and Refinancing
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 of their ability to pay their existing mortgage or their...
Simple Ways to Find Your Home Value
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 fall in line. Try using a home value calculator; it can give you a good idea of what your home...
With 11 years in the lending industry, Ted is proficient in structuring the client’s loan to ensure that the client obtains the best financing. He has become a recognized leader in real estate education and hosts real estate seminars for his clients and the business communities in the Southwest. His attention to the details and in-depth knowledge of the loan process ensures that you are getting the best service possible.
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