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Typical Pre-Approval Pitfalls and How to Avoid Them
When looking to buy a new home, getting preapproved by a lender is the first step toward homeownership. A preapproval letter will show how much a lender is willing to let a homebuyer borrow, as well as the estimated interest rates and fees expected to be paid. It assures sellers that you’re financially ready to take on the responsibilities of homeownership.
At Mutual of Omaha Mortgage, we’re beaming with PRIDE as we celebrate the trailblazers who continue to forge a path to homeownership with the needs and goals of the LGBTQ+ community in mind. Without their steadfast leadership to promote homeownership rights for LGBTQ+, many queer and transgender individuals may still be faced with discrimination in housing and lending.
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Celebrating the PRIDE in Homeownership
June is National Pride month, celebrating the positive visibility and civil rights impact of LGBTQ+ people worldwide. According to the Human Rights Campaign, LGBTQ+ is “an acronym for ‘lesbian, gay, bisexual, transgender and queer’ with a ‘+’ sign to recognize the limitless sexual orientations and gender identities used by members of our community.”
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How Medical Debt Might Impact How You Qualify for a Home Loan
Medical expenses. It’s something all Americans are familiar with. Medical debt has become one of the most common reasons homeowners are faced with challenges when seeking approval on a home loan and has been an issue even prior to the COVID-19 pandemic.
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Pros and Cons of Buying Foreclosed Houses
Foreclosed houses are attractive to buyers because of their lower prices. Sellers are also more motivated to get them off the market, generally creating favorable conditions for would-be homeowners. Further, it's now easy to find and acquire foreclosed properties virtually anywhere in the country.
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Celebrating Asian American and Pacific Islander Heritage Month Through Learning
May is Asian American and Pacific Islander Heritage Month and is a time to celebrate the achievements these communities have made and will continue to make for generations to come.
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Are your buyers feeling priced out of their market? Perhaps it’s time to recommend a big move.
If your buyers are feeling priced out of their market, there are still plenty of opportunities for them to achieve homeownership with the right relocation plan in place. Help them realize their homeownership potential with these practical tips.
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Work From Home Upgrades That Improve the Value of Your Home
If your once temporary remote workplace is now officially permanent, you may be looking to make some changes to your workspace. But not all home upgrades are equal. And not all improvement projects will bring increased value to your home.
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How to Get Your Home Ready to Sell by Summer
If you’re one of the millions of homeowners thinking about listing this summer, you will most likely have stiff competition. To ensure your house is ready to sell by summer, consider these tips to prepare your home for a quick sell.
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CHOICEReno eXPressSM Mortgage Program
If you’re one of the millions of prospective buyers looking to buy a fixer-upper, you might be well suited for a new convenient mortgage solution created especially for homeowners looking to tap their equity for simple home projects or upgrades.
