Posts Tagged ‘homeownership’
Taking Time Off to Raise Kids? Here’s What It Means for Your Mortgage Approval
Many parents take time away from their careers to raise their children, but when it’s time to buy a home, they often wonder: will my employment gap affect my mortgage approval? The good news is, not necessarily! Lenders understand that life happens, and as long as you meet certain requirements, you may still qualify for…
Read MoreWhen Should You Start The Home Buying Process?
Many people know they want to buy a home, but aren’t sure when they should make that move. It’s a future goal, but figuring out when to start can be tricky. One thing is clear: the best time to call a loan officer is right now, even if you’re still in the early stages of…
Read MoreWhat to Do If Your Home Appraisal Comes in Lower Than the Purchase Price
An appraisal is a key step in the home-buying process, determining the fair market value of the property. But what happens when the appraisal comes in lower than the agreed-upon purchase price? This scenario can create challenges, but with the right strategy, you can navigate them smoothly. How Does a Low Appraisal Affect Your…
Read MoreThe Do’s & Don’ts of Down Payment Gift Funds
Receiving gift funds for a down payment is a generous and helpful way to achieve homeownership. However, it’s crucial to follow the proper steps to ensure the process goes smoothly and complies with lender requirements. At Liberty Star Mortgage in Fulshear, Texas, we’re here to guide you through the do’s and don’ts of down payment…
Read More5 Benefits of Refinancing Your Home
If you’re a homeowner, refinancing your mortgage could be the key to saving money and achieving your financial goals. But what exactly does refinancing entail, and why should you consider it? Let’s dive into five major benefits of refinancing your home loan. 1. Improved Credit Score Refinancing can help you boost your credit score over…
Read MoreCommon Budget Questions for Buying a Home
Buying a home is an exciting milestone, but understanding the costs involved can feel overwhelming. At Liberty Star Mortgage in Fulshear, Texas, we’re here to break it down and help you plan your budget effectively. Here are answers to some of the most common budget questions when purchasing a home. What Costs Should You Expect…
Read MoreA First-Time Homebuyer’s Guide to Home Warranties
As a first-time homebuyer, you’re likely overwhelmed with all the decisions you need to make. One of the most important, yet often overlooked, aspects of buying a home is understanding what a home warranty is and why you might want one. What is a Home Warranty? A home warranty is a service contract that covers…
Read MoreThe Benefits of Refinancing Your Mortgage
Are you looking for a way to reduce your monthly mortgage payments or potentially access some of your home’s equity? Refinancing your mortgage could be a powerful tool to help you achieve those goals. Let’s explore what refinancing is, its benefits, and how it could be a game-changer for you. What is Refinancing? Refinancing involves…
Read More6 Tips For After You Close On Your New Home
Congratulations on closing your new home! This is a huge milestone, but the journey doesn’t stop here. To help ensure your transition into homeownership is smooth and stress-free, here are six essential tips to follow after you’ve closed on your new home. 1. Request Both Paper and Electronic Copies of Your Closing Documents When…
Read MoreIs Homeownership Your Best Hedge Against Inflation…?
Buying a home is the most expensive and important financial transaction most people will ever make. It’s also the strongest tool and best hedge they will have in their portfolio to fight inflation. While money invested in a stock may go down, historically, your home appreciates in value over the long-term. And as you build…
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