Your search results


Agent–An individual who represents a seller, a buyer or both in the purchase or sale of real estate.

Amortization–The schedule of loan payments that establishes the amount of payment to be applied to the principal and the amount to be applied to interest, usually on a monthly basis, for the full term of the loan.
Annual Percentage Rate (APR)–The TOTAL interest rate of a mortgage, including the stated loan interest as well as any upfront interest paid in securing the loan. The APR will invariably differ from the mortgage rate quoted due to the inclusion of these items.

Appraisal–An estimate of value of a Real Estate property by a professional third party. Virtually all non-owner financed mortgages will require an appraisal and is generally paid for by the buyer.

Adjustable Rate Mortgage (ARM)–A mortgage in which the Interest rate is adjustable, meaning that the rate can go up or down according to prevailing financial market conditions.

Assessment–The value of a property as determined by the local tax jurisdiction which is used to determine the amount of your property taxes.

Buyer’s Agent–A Real Estate Agent that has made an agreement to represent the buyer exclusively, rather than the seller.

Loan Process

The most important step in obtaining a first time home loan is to find a mortgage provider who will lend you the money you need for your dream home and match that with your credit. We have also listed many other steps that may help you being a first time homeowner or someone that forgot all the chains of command to get that loan you want.
Step One: The Loan Application
Filling out a loan application is the first step in obtaining a mortgage. This usually takes place over the phone with the loan officer. Sometimes you can even aply over the internet. You’ll be asked for information about employment, earnings, savings, and so forth. You’ll be asked to provide documentation, such as W-2’s, recent pay stubs, and perhaps even copies of your income tax return. The loan officer will also check your credit report.

It’s important to make sure your application is complete and accurate. Missing or incorrect information can delay the loan or can even cause you to be turned down for a loan. A good loan officer will take time with you and not rush through the process.

Compare Listings