Joseph Harrison's Blog Posts

Understanding Your Debt To Income Ratio

When you are filling out a mortgage application, the lender will be asking you for specific financial information. One of the reasons they ask for this information is to enable the underwriter to

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Pros And Cons Of Buying A Foreclosure

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the

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5 Critical Tips For Buying In A Sellers Market

This summer, quality homes are being scooped up almost as fast as they're being listed - and for top price. Yes, it's a seller's market out there, which is great news if you're planning to list your

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How To Save For A Down Payment On Real Estate

If you are planning to invest in [city] real estate, it’s always wise to make as much of a down payment as you can. The more money you can deliver up front, the smaller your mortgage will be. With

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Flipping Versus Renting Real Estate

When you make an investment in [city] real estate, it’s important to consider your options for turning a profit. It might be best to rent out the property to cover your mortgage and build equity.

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5 Tips When Looking For City Homes For Sale

It’s a great time to buy because there are still quite a few [city] homes for sale now and interest rates have continued to stay low. Whether it’s your first time purchasing real estate or you

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5 Things That Firsttime Home Buyers Wish They Knew Before They Signed

Without a doubt, it can be both overwhelming and exciting to find your dream home and be able to put the money down for it. However, there are a lot of things to know before signing on the dotted

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Understanding Mortgage Amortizations And Why Longer Periods Can Cost More

Buying a home is one of the largest investments you will make in your life, and that's why so many people have longer mortgage amortization periods to pay down the principal. While it may seem

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3 Home Renovation Lessons That You Wont Want To Learn The Hard Or Expensive Way

Most people make several home upgrades when the time comes to put their home on the market, whether they're minor fix-ups or significant improvements that come with a high cost. However, it's

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How To Move On From Your Old Home Once Youve Sold It

There's often so much enthusiasm that goes along with buying a home that the idea of leaving the old one behind is left in the dust. But, while you may love both your old home and your new home, it

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How Young Is Too Young To Buy Your First Home

Getting Started Early Has Its Ups and DownsMany millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does

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What Fees Or Costs Are Involved With A Reverse Mortgage

As a means of avoiding monthly mortgage payments, a reverse mortgage is a way for homeowners to tap into their equity in order to defer the payments on their home. While this can be a beneficial

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3 Helpful Tips For Finding A Home To Buy In A Low Inventory Real Estate Market

Many home buyers struggle with finding a home that is within their price range, but many of those perusing the market also struggle when it comes to the search. If you're currently on the real

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How To Get A Mortgage If One Spouse Has A Terrible Credit Score

A poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit

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Here Is Why A Home Should Be Your Priority When Deciding Whether To Invest In Real Estate Vs Stocks

Once you're done with debt and you've started to save, it's commonly the case that you'll start hearing about the risks and rewards of investing in stocks or real estate. Unfortunately, it can be

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4 Things You Absolutely Should Not Do After You Apply For A Mortgage

If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that

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3 Simple Tips For Boosting Your FICO Credit Score Before Applying For A Mortgage

There are a variety of factors that are involved in getting your mortgage approved, but few things will have more of an impact than your FICO score and the credit history that goes along with it.

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Understanding Why Its A Good Idea To Buy A House Now And A Bad Idea To Try And Time The Mortgage Mar

It's often the case that people will opt to postpone home ownership until the best rates are available or it's a more stable investment, but in an ever-shifting market it may not be the best

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4 Reasons Why Its Time To Start Paying Down Other Debts Now In Order To Buy A Home In 2017

Buying a home is an ideal investment for many people because not only is it a place that belongs to them, it can also be a very beneficial investment. While you may be strongly considering buying a

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How To Avoid Making These 3 Common Mistakes First Time Home Buyer When Applying For A Home Loan

Deciding to purchase a home will be one of the biggest investment decisions you'll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a

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Here Is Why You Do Not Need A Full 20percent Down Payment For A House

Mortgage Myths: Here's Why You Don't Need a Full 20 Percent Down Payment If you're just getting into the real estate market, you may have heard that 20% down is the ideal percentage in order to

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Understanding The Balance Between Purchase And Reno Costs When Buying A Fixer Upper

Fixer uppers can come with huge price benefits and opportunity, as well as problems. Make sure you understand what you're getting yourself into before you purchase a home that needs significant

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The 4 Most Common Mortgage Questions Answered

Making the decision to purchase a home is one of the most significant investments most people will make in their life, and this automatically means there are a lot of questions that need to be

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4 Reasons Why Your Home Is Not Selling

Selling your house can be hard. Emotionally, because it's become your home, but also economically. If your home isn't selling, there are usually specific reasons – which means there are ways to

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Important Considerations Before Renting Your Home And Becoming A Landlord

Whether you're going away on an extended vacation or considering downsizing into a smaller place, the popularity of websites like Airbnb has led many people to believe that there's a lot of money in

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Dont Make These 4 Firsttime Homebuyer Rookie Mistakes

Buying your first home is exciting. Many young people view homeownership as the definitive mark of adulthood, the final milestone on a decades-long journey. And while becoming a homeowner is cause

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4 Financial Benefits Of Home Ownership

Home ownership may be one of the most familiar goals of adulthood, but there's more than one reason why so many people flock towards this type of investment and leave the rental market behind. If'

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Why Home Buyers Should Hire Their Own Home Inspector And How To Choose One

When you've found the perfect home and you're preparing for all of the final details to be sorted, there are a few important things that should not be forgotten about. As a home inspection is among

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5 Tips To Reduce Your Monthly Mortgage Payment

Buying a home isn't cheap – and even though mortgage rates are low, your own financial circumstances may mean that your monthly payment is more than you can afford. Whether you're a new buyer

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5 Steps Towards A Better Credit Score You Can Take Today

When it comes to finding the best mortgage, your credit score is a major determinant as to the kinds of rates and conditions you can get. Lenders quite understandably want to manage their risk. But

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How To Properly Research Your Mortgage Options As A First Time Home Buyer

For most consumers, buying a house is the largest purchase you'll make in your life. That's why it's important to ensure that you have the best mortgage terms available. With so much at stake, it's

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5 Documents Firsttime Homebuyers Need For A Smoother Purchasing Process

With all the work that goes into finding the kind of home you'll want to put an offer on, it can be easy to forget about all the little things that happen after the deal has been made. While the

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3 Things You Need To Consider Before Buying That Fixer Upper Home

The idea of buying a home that will need a fair bit of renovating can seem like a great investment opportunity, but some renovations come with high prices and may actually end up costing you more

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Three Excellent Reasons To Buy A Home So You Can Get Out Of The Renting Rut

Renting a home is a good option for some, but buying a home just might be the best thing for you. When you rent a home, you send money to someone else every month in exchange for knowing that

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Four Reasons Why Selling A Condo Is Different Than Selling A House

Listing a property is a delicate dance. From the initial marketing to the final price negotiations, everything needs to be tailored to the type of home being sold. However, because of their main

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Three Inexpensive Renovations To Boost Your Resale Value When Selling Your Home

To get top dollar for your home, renovations may be necessary. However, some renovations can prove costly and they don’t always add value to your home. Here are three inexpensive renovations that

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Five Ways To Tell If You Have Outgrown Your Current Home And May Want To Consider An Upgrade

Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it

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Three Tips For How To Secure A Mortgage If You Are A Self Employed Entrepreneur

If you are self-employed, either as a freelancer or as the owner of your own business, your income can fluctuate greatly from year to year. That can make it difficult to get approved for a mortgage,

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Do You Need Mortgage Insurance Even If It Is Not Required By Your Lender

Finding a proper mortgage loan and understanding the processing procedures behind the loan is the basis of good research. The down payment on a mortgage loan is typically significant when dealing

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Three Kitchen Design Trends That You Need To Be Aware Of Before You Renovate

Renovating your kitchen is an excellent way to improve its look, increase the value of your home and appeal to a more diverse range of home buyers if you decide to sell. However, a kitchen remodel

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Did You Know Professionally Shot Arial Photos And Videos Can Help You Sell Your Home

Today’s home buyers are savvier about their buying options than ever before. They are able to research prices, browse listings, and investigate other important factors before even making the first

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