Wednesday, August 21, 2019 / by Ashley Yates
By: Kelley Walters
Whether you're self-employed or applying for an FHA or USDA loan, here's the pre-approval paperwork you need.
If you're serious about buying a home, getting pre-approved for a mortgage is a critical step. It’s also a tedious one. Lenders seem to want a mountain of documents and have so many requirements.
Yet the payoff is worth it. Most agents recommend mortgage pre-approval because it strengthens your offer. Sellers like to know the buyer already has financing secured.
Plus, you're going to need that same hefty stack of paperwork for your official mortgage application once you've got a contract on a home, so you're really knocking out two tasks at once.
To help, we've created a documents checklist for each type of mortgage pre-approval. Warning: Some lists are longer than others.
Conventional Loan Documents
If you're employed and get regular paychecks, plus a W-2 every year, and you're not ...
Wednesday, August 14, 2019 / by Ashley Yates
By: Kelley Walters
A few small updates, which can be done on a budget, can increase your home's value -- and selling price.
While you can't change your home's location or other market forces that determine home value, there are some things you can control that will affect what price you're offered.
Here are some small things that get in the way of buyers seeing your home's true value — and some budget-friendly updates that'll fix them.
Neglected Exterior Maintenance
"Some buyers won't even go inside a house if they don't like the outside," says Elizabeth Hall of Realty Executives Associates in Knoxville, Tennessee.
To get top dollar for your home (and lure in those lookie-loos), take an exterior inventory of little items you hardly notice that could be red flags, like:
Cobwebs on the porch
A rusted or leaning mailbox
"These small rep ...