It’s just starting to get cold in DC and surrounding areas. The winters in DC area are usually pretty cold, but there could be a chance for a mild winter this year. Despite it possibly being warmer than usual, it can still get cold enough to turn on the heater. Thankfully there are several ways to cut down on heating costs and save money during the holiday season. Read the rest of this entry »
Why is it important to have homeowners insurance?
Owning a home is one of the most valuable assets and investments you can have in a lifetime. Protecting your investment should be commonplace, though there are still those who feel that paying for insurance is a waste of money. Homeowners who have purchased their home with cash can decide against homeowners insurance but that is unwise. Otherwise, if you have a mortgage loan the lender will require you to have homeowners insurance. Read the rest of this entry »
All homeowners have been renters at one point. Right before a renter will make a move up to home ownership and become a first time homeowner, they will talk to a mortgage lender like me to see how much of a mortgage they might be qualified. What do you think the rules are for a renter as far as how much mortgage they can qualify for? They are the same rules as anyone else. The debt ratio limits are the same. The income requirements are the same. The credit score requirements are the same.
The one thing that is different is Read the rest of this entry »