It’s so tempting to buy what you want now and spread out the payment over several months or longer.  Retailers know this, which is why it has become a popular way to shop.  What happens when you use this service and you are preparing to buy a home? Lenders consider these short-term loans as debt, and they may affect your ability to qualify for a new home.  Before you click that button, let’s talk, and I’ll walk you through how to prepare your finances for purchasing a new home.
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It’s so tempting to buy what you want now and spread out the payment over several months or longer.  Retailers know this, which is why it has become a popular way to shop.  What happens when you use this service and you are preparing to buy a home? Lenders consider these short-term loans as debt, and they may affect your ability to qualify for a new home.  Before you click that button, let’s talk, and I’ll walk you through how to prepare your finances for purchasing a new home.

ByBrandon Butler

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Homeowner Insurance terminology can be overwhelming, and choosing the right policy is crucial if you ever need it. Generally, you will hear these coverage options: Replacement Cost Value, Replacement Cost Coverage, and Actual Cash Value. Replacement Cost Value is the actual present-day cost in dollars needed to repair or replace the property with like-kind and quality. Replacement Cost Coverage is a provision in an insurance policy that states losses will be adjusted without a deduction for depreciation. Just because someone has replacement cost coverage does not mean it is sufficient to repair or replace fully, because the coverage has a policy limit. Actual Cash Value (ACV) is a provision in an insurance policy that states losses will be adjusted with a deduction for depreciation. ACV may be less than the original value of the property. Have questions about buying a home? Let’s talk!
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Homeowner Insurance terminology can be overwhelming, and choosing the right policy is crucial if you ever need it. Generally, you will hear these coverage options: Replacement Cost Value, Replacement Cost Coverage, and Actual Cash Value. Replacement Cost Value is the actual present-day cost in dollars needed to repair or replace the property with like-kind and quality. Replacement Cost Coverage is a provision in an insurance policy that states losses will be adjusted without a deduction for depreciation. Just because someone has replacement cost coverage does not mean it is sufficient to repair or replace fully, because the coverage has a policy limit. Actual Cash Value (ACV) is a provision in an insurance policy that states losses will be adjusted with a deduction for depreciation. ACV may be less than the original value of the property. Have questions about buying a home? Let’s talk!

ByBrandon Butler

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Did you know that VA offers several refinancing options for their Veteran Borrowers? This includes the Interest Rate Reduction Refinance Loan. With limited closing costs, this may be the perfect option for you. Oftentimes, an appraisal is not needed, making this refinance a smooth and easy process. Call today, and we can explore all of your options. Together, we can tailor the perfect refinance for you!
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Did you know that VA offers several refinancing options for their Veteran Borrowers? This includes the Interest Rate Reduction Refinance Loan. With limited closing costs, this may be the perfect option for you. Oftentimes, an appraisal is not needed, making this refinance a smooth and easy process. Call today, and we can explore all of your options. Together, we can tailor the perfect refinance for you!

ByBrandon Butler

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That’s amazing! BUT… don’t do anything until you talk to me first. Gifts from relatives and other approved individuals have to be documented in a very specific way. Depending on your loan program, this could include bank statements, cancelled checks, etc. Call me today to discuss how a gift could affect your loan process and what documentation must be provided. Buying Grandpa’s house and he wants to give you a gift of equity? I’ve got you covered on that too! Call today for details.
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That’s amazing! BUT… don’t do anything until you talk to me first. Gifts from relatives and other approved individuals have to be documented in a very specific way. Depending on your loan program, this could include bank statements, cancelled checks, etc. Call me today to discuss how a gift could affect your loan process and what documentation must be provided. Buying Grandpa’s house and he wants to give you a gift of equity? I’ve got you covered on that too! Call today for details.

ByBrandon Butler

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