Purchasing a home is an exciting time but most future homebuyers have questions. Hall Financial has all the resources you need when it comes to purchasing a home. Scroll through these informative articles and then Call Hall First to get started with your 5-STAR Certified Pre-Approval.
A pre-approval letter estimates the loan amount, term, and type of loan a borrower may be eligible for to buy a house.
Pre-Approval vs Pre-Qualification
Pre-approvals and pre-qualifications both provide buyers with an estimate on how much money they can borrow to buy a house.
Does a Pre-Approval Hurt Credit?
A mortgage pre-approval credit check is considered a hard inquiry since it is used to apply for a new line of credit—a housing loan.
The down payment requirement of 20% is a myth in today’s housing market. Loan types have adjusted their down payment requirements to expand homeownership.
How Does Your Credit Affect Your Home Loan?
Borrowers who qualify for a lower interest rate due to their credit score can save hundreds on their monthly payments and thousands throughout the life of the loan.
Top 12 First-Time Home Buyer To-Do’s
There are many tips and tricks for clients who are first-time home buyers. Continue reading to learn about our top 12 tips that will set you up for home buying success!
Borrowers in the market to purchase a home have a vast number of loan options like conventional, jumbo, FHA, VA, and USDA.
How to Make an Offer on a Home
Knowing the steps to make a home offer and how to produce a competitive one is beneficial for first-time home buyers and veteran homeowners.
In addition to owning your own space and gaining the freedom of homeownership, purchasing a home is a major investment towards financial success.
Ten Common Home Buying Questions
From earning equity to utilizing a cash-out refinance, purchasing a home is a financial investment with great benefits.
In addition to owning your own space and gaining the freedom of homeownership, purchasing a home is a major investment toward financial success.
As industry experts, we have listed nine simple home buying tips to help buyers when purchasing a home.
MSHDA vs BUYSMART from Hall Financial
The Hall Financial BUYSMART program provides borrowers with down payment assistance. Borrowers can receive up to $2,500.
The Best Time to Purchase a Home
Multiple factors come into play when considering the best time to purchase a home. Every buyer and their situations are different.
Walking through an empty home allows buyers to spot defects more easily than a home that was once furnished with the seller’s possessions.
What Is a Down Payment Assistance Program
A down payment is money paid upfront for mortgages, usually at closing, to complete a financial purchase paid for on credit.
A co-borrower is a second borrower that has the same legal obligations to the other party who is applying for a mortgage.
Here are the Top 5 Types of Mortgages – Conventional Loan, FHA Loan, VA Loan, USDA Loan, and Jumbo Loan!
Michigan First Time Home Buyer Tips
Have you been thinking about becoming a first-time home buyer in the state of Michigan? It’s no surprise, given Michigan’s beautiful lakes and landscapes.
Tennessee First Time Home Buyer Tips
Thinking about purchasing a home for the first time can be scary, but if you have all the facts, you can be more prepared for one of the biggest investments in your life.
Florida First Time Home Buyer Tips
Once the decision is made to become a first-time home buyer in Florida, the next step is finding out how much of a mortgage you can afford and what is required, besides a down payment.
Mortgage For Self-Employed Home Buyer
When you’re self-employed, there are a few different steps taken to verify your income and prove to the lender that your income is sustainable.
Is Buying a Home a Good Investment?
Purchasing a home unlocks many investing doors for buyers. Home values in Metro Detroit have appreciated 15% on average compared to last year!
Is A Conventional Home Loan Right for You?
The most popular home loan is a Conventional Home Loan. Not only is it the most popular across the nation but also at Hall Financial!
Your How to Guide to Buying A Second Home
Not only can a second home provide an oasis from normal day to day life, but it can also be a great investment opportunity.
Does Getting Pre-Approved Hurt My Credit
This short article will discuss the process of a pre-approval and the possible effect it may have on your credit score.
Best Time of Year to Purchase a House
In this article, we will discuss the two main factors when considering what may be the better time to look to purchase a house.
In buying a home there are many moving parts to the transaction and certain variables you may want to try and control.
Appropriate Monthly Housing Payment
When you are purchasing a home, you are adding the most significant monthly expense to your budget.
How to Qualify for a Jumbo Mortgage Loan
Loans which exceed the conforming loan limit set by FHFA each year (currently at $726,200 for 2023) are considered jumbo mortgages.
When you purchase and own a home you may or may not have an easement. An easement is a piece of your property whereby other parties have rights to access it.
When you are in the process of buying a home especially when it may be your first home the prevalent challenge for consumers is having enough money for the down payment and closing costs.
Mortgage Insurance Premium on FHA Loan
When you close on a FHA mortgage you will have an upfront mortgage insurance fee of 1.75% of the mortgage amount along with a recurring, monthly cost.
