Stephen Katz Mortgage Blog

Mortgage and Lending - Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
As a first time homebuyer, it’s important to take the time to research and plan every step of the home buying process. From confirming that you are financially ready down to making the final offer, here are a few things to keep in mind that may help you along the way. 1. Get (and Stay) Organized ...
Aside from it being spring cleaning season, it’s also moving season. At the end of the school year, everyone is scrambling to move and get settled. I jokingly call it "Christmas Season" for professional organizers. Why? Because you don't know what you are getting yourself into when ...
Prequalification begins when you speak with a loan originator who calculates your debt ratios to find out how much money you can afford to borrow and repay. Before you make your call to a loan originator, you’ll need to be ready to answer the following questions: How much money do you make every ...
Most people have a pretty good idea of their credit standing and whether or not they have good or, credit issues. But the only way to really find out about your credit is to get your hands on your credit report. This will enable you to see the same information a lender will. Many privacy or fraud...
  Finding the Right Agent   Now that you’re ready to start house hunting, you’re probably wondering if you really need a real estate agent or if you can just do all the work yourself. Well, you can look all you want on the internet and go to open houses every weekend but you really don’t know the...
Thinking of purchasing a home with less than 20% down? In this article, we will explain Borrower Paid Mortgage Insurance (BPMI) and Lender Paid Mortgage Insurance (LPMI) to help you determine which type of mortgage insurance is a better choice for your specific financial situation. What is BPMI? ...
Home may be where the heart is, but the house-buying process can easily become a headache.   To keep trouble to a minimum, take time to independently evaluate each professional you'll need on your team, from lender to real estate agent to home inspector to title agent. Choose client-focused, ...
In today’s economy, many people are looking for ways to save money on their expenses, and one of the big costs is homeowner’s insurance. This is particularly true as homeowner’s insurance costs continue to rise in most places throughout the country. Here are some ways people can decrease their ho...
  A real estate agent can help you understand everything you need to know about buying a home. The process of buying a home generally starts with determining your buying power; that is, your financial reserves plus your borrowing capacity. If you give a real estate agent some basic information ab...
Uncle Sam helps you in three ways when you own your home.   1. Purchase - When you buy your home, most of the cost are not tax deductible. But there is one exception that is worth finding. The IRS says you can deduct interest in the year that it is paid, and that is usually part of each monthly p...

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