Everything you need to know about calculating LTV ratios, the home appraisal process, how they impact the homebuying process and vary by different loan types. The loan-to-value (or LTV) ratio is one of the most critical factors a mortgage lender reviews when determining your mortgage loan qualifications when you’re looking to purchase or refinance. A […]
What is a Loan-to-Value Ratio in a Home Appraisal? Read More »
Discover five key tips for real estate agents who are helping to guide first-time homebuyers on their exciting journey to homeownership. For a first-time homebuyer, the process of finding and purchasing a home can be equal parts exciting and overwhelming. As a real estate agent, you have the power to play a key role in
5 Essential Tips for Agents Assisting First-Time Homebuyers Read More »
Keller Home Loans is proud to offer this list of current homebuying trends to help real estate agents stay ahead of the market and best serve their clients. In an ever-changing economic climate, it is crucial for real estate agents to stay ahead of housing market trends in order to best serve their clients. By
The Top 5 Homebuying Trends for Agents to Watch in 2023 Read More »
Buy your first home with confidence. Uncover the common errors first-time buyers make and how to steer clear. From exploring new neighborhoods and attending open houses to the thrill of stepping into a place that’s all yours, there’s nothing quite like the experience of buying your first home. However, many first-time homebuyers find that the
First-time Homebuyer? Avoid These 4 Common Pitfalls Read More »
Mortgage terminology If you’re thinking about buying a new home, you may be confused by all the mortgage lingo you hear. Before you go house hunting, you’ll first need to know how much home you can finance. When you start the home loan process, you’ll come across terms like pre-qualified and pre-approved, often used interchangeably,
Good, better, best: pre-qualified, pre-approved, or offer ready? Read More »
Introduction When it comes to mortgage loans, think of interest rates as the celebrities, because they’re the ones that grab all the headlines! The real story is that many factors influence both the amount of your mortgage and your monthly payment, including the price of the home, the amount you’re borrowing, your down payment, and,
Interest rates: what you need to know? Read More »
Back to basics: what is a mortgage? For most everyday purchases, you pay the sales price in full, and you then own the good outright. Because real estate purchases are so much larger, most people need a mortgage loan to pay for them. With a mortgage loan, you pay for part of the purchase up
Navigating the home loan process: a step-by-step guide Read More »
What is credit? Simply put: Your credit is your ability to borrow money with the agreement that you’ll pay it back over time, usually with interest, by an agreed-upon date. If you can’t pay cash for something at the time of purchase, you’ll need to use credit. Typical examples of things you may purchase on
Shopping for a new home? Learn about the role your credit plays in the process Read More »
3 questions to ask yourself as you consider renting vs buying Should I rent or buy? This is a question you may be asking yourself as your lease is coming up for renewal. Or, maybe, you’ve been perusing homes in your area for a while. Renting offers flexibility and a relatively maintenance-free lifestyle, among other
Should I rent or buy? Read More »
What to expect during closing? You’ve made it to the fourth, and final installment of Your First-Time Homebuyer’s Guide. In this section, we will cover the home stretch of your homebuying experience, “closing,” as shared in Your First Home (Second Edition), written by Gary Keller and Jay Papasan. Even though the final stage of the homebuying
Your first-time homebuyer’s guide (part four) Read More »
