Stephen Katz Mortgage Blog

Real Estate Mortgage Broker - Katz Mortgage Team, a branch of VanDyk Mortgage Corporation
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 ...
Posted 7 days ago
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...
Posted 15 days ago
  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...
Posted 22 days ago
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? ...
Posted about 1 month ago
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, expe...
Posted about 2 months ago
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...
Posted about 2 months ago
  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...
Posted 2 months ago
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...
Posted 3 months ago
Especially for first-time homebuyers, using a seasoned agent is a smart move. As a first-time homebuyer, you should seriously consider getting your own agent. Although the Internet makes some aspects of finding homes easier than it was 20 years ago, a good real estate agent has access to lots of ...
Posted 3 months ago
Whether you are renovating one room or the whole house, it's a good idea to think through the process of creating a budget for your project.  No matter the size of your renovation, it will be a big deal because it's happening under your roof. Starting with a realistic budget can reduce the stress...
Posted 4 months ago

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