The journey to homeownership culminates in two critical final steps: the final walkthrough and the review of the Closing Disclosure. While they occur ...
Read More
When embarking on the journey to homeownership, most prospective buyers diligently save for their down payment, viewing it as the primary financial hu...
Read More
The journey to homeownership is filled with critical decisions, and one of the most nerve-wracking questions that can arise late in the process is whe...
Read More
The journey to homeownership is filled with excitement and a complex financial lexicon, with “closing costs” being one of the most significant yet...
Read More
When homeowners consider refinancing their mortgage to secure a lower interest rate or tap into their home’s equity, they often focus intently on th...
Read More
In the ever-evolving landscape of real estate financing, an often-overlooked option presents a unique opportunity for both buyers and sellers: the ass...
Read MoreBy law, after you apply for a mortgage the lender must provide a standardized Loan Estimate within three business days. This form clearly outlines the loan terms, projected payments, and closing costs, making it the best tool for comparing offers from different lenders.
This depends entirely on the HOA’s policy for that specific assessment. Some associations may allow you to pay in monthly or quarterly installments, sometimes with an interest or administrative fee. Others may require a lump-sum payment by a specific deadline.
1. Review your purchase contract: Check the closing date and any penalties for delay.
2. Get a solid Loan Estimate from the new lender: Ensure the better terms are officially documented.
3. Communicate with your real estate agent: They can advise on the timeline risks and talk to the seller’s agent.
4. Confirm the new lender can close on time: Get a guaranteed closing timeline in writing.
You cannot remove accurate negative information that is still within its reporting time limit. However, you can and should dispute any information that is:
Inaccurate: The account isn’t yours, or the reported late payment is wrong.
Outdated: The item is being reported past the 7-year (or 10-year) time limit.
Incomplete: The information is missing key details.
You can file a dispute for free directly with the credit bureaus online.
The first step is to contact a mortgage lender or your current loan servicer. They will review your financial situation, including your credit score, income, debt-to-income ratio, and the amount of equity you have. They can then pre-qualify you and explain the best options for your specific goals and financial profile.
