If you are interested in buying a house, but do not know what you might need, or whether you can qualify, you’re not alone. Many would-be buyers are intimidated by the thought of what it takes to buy a home. Some wonder whether they can afford to buy, if they have enough saved for a …
The post Nervous About Buying? Here’s A Dose of Confidence appeared first on Benchmark.
Unfortunately, it depends on the situation and reasons, so there is no simple answer for bad credit. A few potential reasons could be that you have experienced a divorce which led to a bankruptcy, mismanaged your finances, experienced job loss, or any other financial hazards. Your credit is calculated from many moving parts. The good …
The post Can I Still Get A VA Loan With Bad Credit? appeared first on Benchmark.
In 2017, Australian millionaire Tim Gurner famously attempted to blame millennial homebuyer obstacles on their inability to avoid frivolous spending on $19 avocado toast, in comments that were widely mocked throughout the internet. Many commentators are still quick to point the finger at extravagant spending to explain why homeownership among younger adults has declined compared …
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You have submitted a mortgage application, found your dream home, and put in an offer. Now what? Applying for a home loan is an ongoing process, from application to closing, that does not have to be stressful. There are several things you can do to make the process more efficient, and things not to do …
The post How To Avoid Roadblocks Before Closing On Your New Home appeared first on Benchmark.
Building a new home offers many advantages over purchasing an existing home on the market. You are able to customize the home to your specific needs and preferences and avoid costly repairs of outdated features. New homes are often also more energy efficient and technologically equipped. Different from Traditional mortgages. Securing financing for a construction …
The post Construction Loans: What to Expect appeared first on Benchmark.
Benchmark has launched a new mortgage product that is customized to the unique career and financial outlook of professionals in the medical field. Last year, we launched the Medical Doctor Loan Program to better serve medical residents and doctors. Now we have further expanded our options for medical professionals to include jumbo loan amounts up …
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The weather is heating up, and so is the summer housing market. With more buyers entering the market looking to find a new home during the summer months, competition can be fierce. Every homebuyer’s nightmare is finding their dream home, only to lose it in a multiple-offer scenario that drives the asking price up beyond …
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Looking at homes without knowing how much you can afford can be a waste of time for you and your realtor. “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” unknown The same wise sentiment can apply to purchasing a home – why start house …
The post Pre-Qualification vs. Pre-Approval: What’s the difference? appeared first on Benchmark.
There are a TON of benefits homeownership brings for you and your pets. 68% of American households have a pet, according to the most recent APPA Pet Ownership Survey. The most popular pet being dogs in 48% of households, followed by cats in 38% of households. With our furry friends being such a big part …
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Yesterday, December 7, 2017, the Federal Housing Administration announced that for 2018, 3,011 out of 3,141 counties in the U.S. (~96% of all counties in the nation) will see an increase in FHA loan limits. Ceilings and Floors In high-cost areas, the FHA’s loan limit ceiling will increase this year to $679,650, up from $636,150, …
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