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Homebuyers Should Focus on the Mortgage First, Then on Finding a Home

June 26, 2018 By Mary Catchur

young couple moving into new house

A recent study commissioned by Fannie Mae shows that homebuyers, especially when they are first starting out, should focus on getting a mortgage first, and then work on finding a home to buy. This is … [Read more...]

Filed Under: Buying a Home Tagged With: buying a home

24% of U.S. Homes Sold in 2017 Sold Above List Price

January 27, 2018 By Mary Catchur

24% of U.S. Homes Sold in 2017 Sold Above List Price

In a report from Zillow, 24.1% of U.S. homes sold in 2017 were sold for above list price, which is an average of $7,000 (3.1%) over list price. This is an increase from 17.8% in 2012. In certain areas … [Read more...]

Filed Under: Buying a Home Tagged With: buying a home

How Much Can You Afford to Pay for a Home?

November 21, 2016 By Admin

Popular Benefits of a Reverse Mortgage

Answering the question, "How much home I can afford?" is not easy, because the answer varies from person to person. So in this video, Mary Catchur gives an overview of what you should consider when … [Read more...]

Filed Under: Buying a Home Tagged With: buying a home

How Much Can You Afford to Spend on a Home?

July 30, 2015 By Admin

How Much Mortgage Can You Afford?

Deciding how much to spend on a home is a very personal decision. From a mortgage perspective, you will qualify to borrow up to a maximum amount. But from a personal perspective, borrowing the maximum … [Read more...]

Filed Under: Mortgages Tagged With: buying a home

Overview of Closing Costs When Buying a Home

October 8, 2014 By Mary Catchur

If you're in the process of buying a home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase … [Read more...]

Filed Under: Closing Costs Tagged With: buying a home, Closing Costs, Home Buying

4 Money Mistakes That Could Cost You Your Dream Home

August 26, 2014 By Mary Catchur

Beach House

Most of us need to take out a mortgage to buy a home, which means we'll need pay down debt and save money to buy our dream home. The higher your credit score and the lower your debt-to-income … [Read more...]

Filed Under: Headlines & News Tagged With: buying a home, Mortgage

7 Common Mistakes Homebuyers Make

June 12, 2014 By Mary Catchur

Homeownership

Buying a home can be a very exciting experience, but some people make the mistake of rushing into the process without taking the time to plan. This can put your long-term financial future in jeopardy, … [Read more...]

Filed Under: Buying a Home Tagged With: buying a home, Mistakes By Homebuyers

Lenders May Require You To Have Flood Insurance Before Closing Your Home Loan

May 6, 2014 By Mary Catchur

House and Yard Flooded

Lenders require you to have flood insurance before closing on a home loan. A lender will obtain a “flood certificate” early in the underwriting process, which will also indicate whether flood … [Read more...]

Filed Under: Insurance Tagged With: buying a home, Flood Insurance

Buying a Home? Where will the funds for the down payment come from?

March 11, 2014 By Mary Catchur

Couple Outside Home with Sold Sign

If you are getting pre-approved to buy a home and the lender does not ask you specific questions about the source of the funds you plan to use for closing costs and the down payment, they may be … [Read more...]

Filed Under: Down Payments Tagged With: buying a home, down payment

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Whether you are buying a home or refinancing, you can save with a mortgage from Marimark Mortgage!



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