What is Multi-generational housing? Multi-generational housing, a unique living arrangement where multiple generations (such as parents, children, and grandparents) share a household, is gaining popularity. It’s not just a solution for families trying to navigate the challenging housing market as first-time homebuyers but also a way to foster strong intergenerational bonds, creating a sense of …
Tips for South Carolina homebuyers
What you need to know when buying a house in South Carolina Potential homebuyers often face the same challenges when purchasing their first home, especially the hurdle of coming up with the down payment and other costs associated with closing a home loan. Even borrowers with good income, credit, and stable employment can struggle to …
Can I get a mortgage without a 2 year job history?
How important is stable employment when applying for a loan? Stable employment is a crucial factor in the mortgage approval process. Lenders value borrowers with consistent job histories since they demonstrate financial reliability. A steady job ensures a reliable income, reducing the risk of borrowers failing to meet their financial obligations. While it’s just one …
What you need to know about VA loans and the NAR settlement update
What the VA said about the NAR settlement The Department of Veterans Affairs announced it would temporarily lift its ban on homebuyers directly paying for realtor representation. It is expected that it will announce a formal policy update within the next several weeks. The VA’s home loan guaranty is the only loan program with this …
10 essential components of a home loan
Understanding home loan basics Do you know what a mortgage is? There are a lot of moving parts when it comes to getting a home loan, but do you really know what each term means and how it impacts you as a homebuyer? Understanding the basic terms in advance can make the process less stressful …
How to get the best mortgage rate
8 tips for getting the best interest rate on your mortgage When it comes to buying a home, securing the best mortgage rate can lead to substantial savings over the life of your loan. A mortgage is a legal agreement between a borrower and a lender that provides the borrower with the funds needed to …
