Understanding the Appraisal Process

Purchasing or refinancing a home will typically require a home appraisal to determine its current value.  The appraisal should be conducted by a qualified appraiser who is licensed or certified in the state and familiar with homes in the area.  Fannie Mae requires an appraisal from an appraiser who has Read More

Gen X Boosts Homeownership Rate Recovery

The national homeownership rate has struggled to regain traction since the pre-recession housing peak.  Last month, a report from the Census Bureau showed the United States homeownership rate improved to 63.9% in the third quarter, up slightly from second quarter’s 63.7% and significantly from last year’s 63.5%.  One of the Read More

How to Whip Your Credit Into Shape Before Buying a Home

Mortgage interest rates have dominated the news lately, but there’s another aspect of buying a home people shouldn’t forget about: credit scores. It’s one of those things many individuals don’t even think about it until it’s time to make a big purchase. But a poor credit score can be a Read More