What You Should Not Do When Applying For A Mortgage?

What You Should Not Do When Applying For A Mortgage?

If you are really serious about buying a home here are some things you should not do when applying for a mortgage. The first step to the home buying process, unless you are paying cash is going to be to find a lender. Without proof of funds or a letter from a lender...
How to Handle a Multiple Offer Situation

How to Handle a Multiple Offer Situation

The Northwest Arkansas real estate market is still one of low inventory. What does this mean? This means that when a property comes on the market at a reasonable price there is a frenzy of bidding activity, i.e. multiple offers. So how does a buyer react in this kind...
Buying a Foreclosure in Northwest Arkansas

Buying a Foreclosure in Northwest Arkansas

Buying a Foreclosure in Northwest Arkansas is not an easy process. There are several stages of buying: Pre-foreclosure This is when the home is in the process of being foreclosed on but has not been sent to the auctioneer’s table.  This kind of sale is a short...
Now is a Great Time to Buy – How is Your Credit Score?

Now is a Great Time to Buy – How is Your Credit Score?

How is your Credit? Tougher lending laws are now leading Fannie Mae to require a minimum of 640 credit score as a qualification for some loans.  This includes FHA and VA loans.  However, in order to get the best rate, a credit score of 720 is required and verifiable...
What Happens After You Make an Offer on a Home?

What Happens After You Make an Offer on a Home?

You have been looking for a home for a while and have finally settled on the one you want, so what happens after you make an offer on a home? Let’s remember that a buyer and seller are looking at the offer from different positions. The buyer wants to get the best deal...