The Home Buying Process, Part Five: Mortgage Limbo

You’ve had your inspections and asked for your repairs — the Seller responded and, presumably, those fixes are underway. Your loan officer has all your paperwork, so now there’s nothing to do but wait. Welcome to Mortgage Limbo. I’ve found this part of the process particularly difficult to write about because as a Buyer, it… Continue Reading

Why Should Appurtenance Matter to Homebuyers?

You guys are the first to know, besides my Realtor, that I’m on the hunt for a new house. I know, the lady that gives mortgage advice every week is actually going through the process herself — again. Volunteering for this adventure has made me realize something: there’s a lot more to buying a house… Continue Reading

Assumable Mortgages Aren’t Outdated Options

Let me tell you all a little story about mortgages. Long, long ago interest rates were extremely high, reaching nearly 19 percent in the early 1980s. At the same time, there were also assumable mortgages: a loan product that allowed a buyer to take over the loan on a home with the terms remaining intact.… Continue Reading