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Category: First-Time Homebuyer

May 23, 2019

Private Mortgage Insurance Myths Debunked – Why PMI Can Be Good

Despite fluctuations in the economy, home values continue to climb.  Reuters reported in June 2018 that U.S. housing prices are expected to rise at twice the speed of inflation and pay. But, what does this mean for renters who are trying to save for a down payment and are doing so at a much slower rate?

April 22, 2019

Is a Home Inspection Necessary?

After months of looking, you finally found your dream home. It’s located in an area with a low crime rate, in one of the top school districts in the region, and to top it off - your move-in ready home is a few short miles from your employer. You’d move in next week if you could. But, before you rush…

March 28, 2019

4 Benefits of Homeownership You Can’t Afford to Ignore

By Chad Neiss - Vice President, Mortgage Lending You’ve been watching more than your fair share of home remodeling shows lately. And, who can blame you? With television networks devoted to backyard, kitchen, and whole home remodels, you can’t help but dream about life without the limitations that come with renting. But, it does make you wonder if homeownership is really…

March 26, 2019

Is Home Equity Loan and Mortgage Interest Still Tax Deductible?

Some people look forward to tax season as much as a visit to the dentist’s office. Others are excited about the possibility of a sizeable tax refund and view April 15 with great anticipation. In either case, this year’s tax filing won’t be a simple repeat of last year.

July 13, 2018

How Do I Get Started Buying My First Home?

After careful thought and planning, you’ve decided to take the plunge into home ownership. You have a pretty good idea in which area you want to buy and are about to start interviewing Realtors. At this point, many first-time homebuyers pause and ask themselves, “What exactly is the first step I should take when buying a home?”  At ENB, we recommend setting up a meeting with a Mortgage Expert to discuss prequalification.

March 22, 2018

What to Expect During the Mortgage Application Process

If you have never applied for a mortgage, getting started can seem daunting.  Fear of the unknown can even cause first-time homebuyers to put off looking for a home, even when they can afford one. This is completely understandable since it will probably be the biggest purchase you’ll make in your lifetime. To take some of the worry away, we have broken down the entire process into six easy steps so you can make your dream of home ownership a reality.

June 28, 2017

What is Home Equity and Why is it Important?

For the first time in over a decade more people are choosing to buy a home rather than rent.   An improving economy, low interest rates and rising costs of rent have all factored into this change; however, it can be argued that the real driver behind making home ownership the more attractive option is simply the fact that building home equity is a sound financial decision. 

May 17, 2017

Pulling Back the Curtain on Mortgage Appraisals

Congratulations, you have found your dream home! You and your realtor have worked out all the details with the seller and have finally agreed to the purchase price. Now what?

July 11, 2016

Home Improvement Projects you Should Avoid

There are two questions you should consider when making your list of possible home improvement projects. Do you plan to sell your home soon? And, do you mind if project does not increase the value of your home? If you answered yes to either of these questions, you might want to cross these projects off your list.

Contact us and we’ll answer your questions.