Keystone Alliance Mortgage Blog

Escrow

The Down Low on Escrow: What it is and How Does it Work?

Monday May 22nd, 2017

If you’re currently looking for a home, chances are you’ve been hearing the term escrow quite a bit. Despite how frequently the phrase is used in the home buying and selling process, a thorough understanding of the word seems to elude people. For that reason, we’re here to give you the down low on escrow.

buyingpower

Increasing Your Buying Power Without Downsizing Your Dream Home

Wednesday May 17th, 2017

Buying a house is a big step for anyone and the hurdles that come with it can be daunting. For many potential homebuyers, the intimidating task of saving for a down payment stops them dead in their tracks. With a lack of savings, debt, poor credit, and a lack of knowledge about how the right mortgage can open up countless new opportunities, it’s no wonder why some people are disheartened when the subject of buying a home comes into play.

blog constructionFinancing

How to Finance New Construction

Saturday May 6th, 2017

You may be thinking to yourself, why is it so difficult to find a new construction loan? Well, there are a couple more prerequisites that need to be met in order to receive this kind of mortgage. First, many new home-buyers have less than perfect credit, plus their payment history is relatively sparse as compared to a seasoned property owner.

piggy bank

Put More Money in Your Piggy Bank with a Piggyback or LPMI Loan

Thursday Apr 27th, 2017

If you haven’t done any research on the mortgage process, private mortgage insurance (PMI) has no meaning to you.

PMI is required on all loans that have less than 20% down.

ComingSoon ForSale

Five Tips for Preparing Your House For Listing

Tuesday Apr 18th, 2017

You don’t have to remodel your home to increase the likelihood of it selling. Often, a little elbow grease, yard work, and some TLC (in this case treated lawn care) can make the difference between a quick sale and a house that sits on the market.

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Four Helpful Things To Consider When Deciding To Renovate... or Buy New?

Friday Apr 14th, 2017

Almost all homebuyers come to a crossroads at which time they must ask themselves, should I buy new or renovate our current home? While initially, it would appear that these are the only two options, in reality, there are four.

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Seven Tips for Negotiating the Price of Your New Construction Home

Monday Apr 10th, 2017

Buying a new home—especially for a new homebuyer—can be an arduous process. Thankfully, with a few solid tips on hard negotiating, you can turn a grueling search into an exciting adventure. Ultimately, if you’re prepared when it comes time to talk numbers, you’ll have the advantage.

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How Do I Decide on the Right Real Estate Agent?

Thursday Mar 16th, 2017

For a while there, it seemed like everyone was looking to get their real estate license. In fact,  you probably have a few friends or family members who are agents. But, how do you know who is vetted? How can you tell which agents are expert negotiators, experienced, and market savvy?

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You Don’t Need 20% Down To Buy A Home

Monday Feb 27th, 2017

You’ve probably been told or have heard that in order to buy a home, you need at least 20% down. It’s a myth that discourages many from even pursuing their dream of owning a home.  But, there is good news. If you’re reading this blog post, you will soon find out this information is wrong.

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FHA Loans: Is It The Right Loan For Your Home Purchase?

Friday Feb 17th, 2017

FHA loans are geared more towards the first-time homebuyers because of the looser credit qualifications, the low down payment and attractive interest rates compared to conventional loans. However, any one is eligible for a FHA loan as long as they meet those credit qualifications. Let us repeat that: Any one is eligible for an FHA loan, even on the purchase of a second home.

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The Down Low on Escrow: What it is and How Does it Work?

If you’re currently looking for a home, chances are you’ve been hearing the term escrow...

Read More