HomebuyingFeatured February 14 2020

Buying a Home Together

Moving in together is a big step in any adult relationship, but buying a home together comes with a whole new set of hurdles. A home is often the most expensive purchase that you will be making…together! Below are some tips to help you prepare for this next big step.

Agree on Priorities

You want a home where you and your partner are both comfortable. In order to do so, you will have to flesh out some of the details and set some priorities. Is a luxurious bathroom a non-negotiable? Is your need for a large backyard able to be compromised? How much closet and storage space is absolutely necessary? Think about what amenities you would like nearby when you begin your home search. Is it important for you and your partner to be near the action of downtown, or are you looking for a quiet neighborhood in the suburbs? Be sure to consider your shared lifestyle when making a list of needs and wants. Eagle Home Mortgage Buying Together - Priorities

Agree on a Budget

A good partnership comes when you both know what you are committing to. Only you and your partner know how your finances work and determining how much you can afford together will be one of the most important conversations to have. Take a moment to have a solid look at your current monthly expenses and how much money you can comfortably put toward a mortgage. Eagle Home Mortgage Buying Together - Expenses

Check Your Credit Scores

A good credit score is essential to buying a home. As you prepare to buy a home, request an official credit report for each of you to make sure things there are no mistakes to dispute. When applying for a mortgage together, both credit scores will be taken into account. The lender will use the lowest score – so both you and your partner need to have good credit. Eagle Home Mortgage Buying Together - Credit

Sources: www.realtor.com

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February 14 2020

Buying a Home Together

Moving in together is a big step in any adult relationship, but buying a home together comes with a whole new set of hurdles. A home is often the most expensive purchase that you will be making…together! Below are some tips to help you prepare for this...

Read More

February 06 2020

Tax Incentives for Homeowners*

The dream of homeownership comes with many financial incentives. These financial perks extend beyond the more obvious such as building equity and investing in your future, to the size of your tax return each year. Tax season is fast-approaching, so we thought it...

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January 30 2020

Save Time, Close Online with Eagle Express Close

After you’ve gone through the loan process, gotten that clear to close and your Lennar home is ready for you to move in, it’s time for the closing process. Closing is the final step before that new home is officially yours!

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January 23 2020

New Decade, New Design Trends

If you’re looking to tackle a new project in 2020, look no further than your own home. The new decade is a perfect time to update your living spaces.

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January 16 2020

Is a Mortgage Refinance Right For You?

You’ve probably heard by now that refinancing your home loan may result in benefits like lowering your monthly mortgage payments. But how does that work, exactly?

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January 10 2020

How do Interest Rates Affect Purchasing Power?

Purchasing power refers to the price of the home you can afford based on the budget you have available. Naturally, if interest rates start to increase, you will not be able to afford the same home on the same budget. In a nutshell, you will be paying more for...

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December 27 2019

4 Refinancing Myths BUSTED

Don't let common misconceptions keep you away from refinancing your mortgage. Consider the 4 most common myths and why they should be kicked to the curb.

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December 20 2019

Decorating Your Home for the Holidays on a Budget

You don’t have to skip decking your halls this season just because you’re on a budget! The holidays can already be an expensive time for many, so we like finding stress-free and inexpensive ways to get into the holiday spirit. Here are some tips for...

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December 18 2019

Homebuying Hurdle: Debt

Many believe that their amount of debt will be an instant hurdle when qualifying for a home loan. This is not always true. The amount of your debt will not necessarily be a red flag to lenders, but your debt-to-income (DTI) ratio might be. This number is one way...

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