COMPARE CLOSING LLC

Sometimes when you get out there and start thinking about  home shopping , you get a little sticker shock when you see how much these homes cost whether it is new construction or a resale home. You wonder what happened to these more affordable homes, where are the fixer-uppers in the market? And should I buy one to make it my dream home? Only you can decide that, so today we will discuss  fixer-uppers vs move-in ready homes  and which one is right for you. Buying a Fixer-Upper Buying a fixer-upper is a good idea at least to consider. Right? Let’s face it; no home is going to be everything that you wanted until you put your touch on it anyway. So if you are going to do all that work to the home, how about you put some more in a fixer-upper home and get the value of the house more close to any move-in ready home in the same area or community that you are planning to buy. Estimating the Renovation Cost First thing! You got to be real with your self a...

The Most Common Mortgage Documents for Refinance Have you ever wondered, what are the most common mortgage  documents for refinance ? Today we will discuss and prepare you to be ready with some of the critical documents that are asked by the lenders When it is time to apply for a  mortgage  or  refinance  you will have them ready instead of stressing yourself to fetch them after they are asked for. If you are getting ready to purchase a new home or refinancing, we would suggest you make a folder on your computer that contains the list of documents for refinance so it can be accessed from anywhere anytime. 1. Tax Returns Tax returns  mostly would be asked by the lender if you are self-employed or have income sources other than your employment. Mid to late February is the time most people think of getting their taxes filed however, you have till April 15 th  to do your final submission. As you gather your paperwork for filing...

How to Compare Mortgage Lenders Using Loan Estimate? With the ever-growing competition, it is essential now than ever to make sure you have the right lending partner. The best way to get the best deal from the market is to  compare mortgage lenders  using the  loan estimate  from different lenders in a proper manner. Today we will discuss how to compare mortgage lenders using loan estimates. This would help you to not only get the best deal for your  new purchase  or  refinance  but also help you to save a lot of money in the long run. How To Choose a Mortgage Lender? When it comes to choosing your mortgage lender, the rule of thumb is to select the lender with the lowest rate. This is a no brainer, right? However, to stick to the market regulations, many lenders now offer you the same rate. You would be most likely to run into a scenario where you will find many lenders quoting you the same rate. When this happens, y...

Important Guide How to Use Home Equity Everyone has to live somewhere and, everyone has to invest their money in someplace. So what happens when where you live, meets up with where your money is invested? Today we are going to discuss on  how to use home equity  for remodeling projects and things to know before using it for remodeling. For most homeowners, it is a choice between paying cash or borrowing against the equity that they have build up in their home. HELOC Or HEL? Interest rates  are still significantly low, and we are not sure how long they are going to stay that way. And home values are still rising at least on average. So taking out a home equity line of credit (HELOC) or a Home equity loan (HEL) may seem like a sensible financial move. Not always the case We have explained the difference between the HELOC and HEL in our blog post “ About Home Equity Loan  /  Home Equity Line Of Credit .” It depends on the individual’s n...