What Are Lenders Looking For? Character!

When a lender is confronted with a borrower seeking financing they are looking for the 4 Cs of borrowing. In a post entitled "What is the Greatest Obstacle To Borrowing Money to Purchase a House?" I explained what the 4 Cs of borrowing are. In this post I intend to get much more specific as to what the lender is Read More >

What is the Greatest Obstacle to Borrowing Money to Purchase a House?

The 4 Cs of Borrowing In a post entitled “The Power of Pre-Approval vs Prequalification” I explained that it is important to get prequalified before you begin your home search, and I further explained that if you are serious about purchasing a home of your own you should take it a step farther and get Read More >

The Power of Pre-Approval vs Prequalification

In a post entitled “So, You Want to Buy a House?” I stated that the first step in buying a house is to determine how you intend to pay for the house. The two ways to pay for a house are to 1) pay cash, or 2) finance. If paying cash isn’t an option for you, the next step is to get prequalified to determine how much Read More >

So, You Want to Buy a House?

You’ve thought about it, you’ve talked about it, and now you’ve decided you want to buy a house of your very own. But, where do you start? The first step is to determine how you intend to pay for the house. You have two options: 1) pay cash, or 2) finance. The truth is even if you pay cash, you are still choosing to Read More >