If you’re planning on selling your home, you are probably wanting to maximize its value before putting it on the market. Selling a home is just as important as buying a home. This step in the Real Estate process is a major life achievement. Not only are there upgrades and changes to maximize the value…
Buying a home is one of the biggest decisions of your life. Finding the right place for the right price can be an overwhelming process. While owning a home is a financial commitment, first-time-buyers have made the decision that owning a home makes more sense financially and from a lifestyle perspective than renting. There are…
Keystone Mortgage was founded out of a desire to provide Tennesseans with a better home mortgage provider. Matt Padgett, founder of Keystone Mortgage was in the process of purchasing a residential investment property when he became increasingly aware in the lack of knowledge and good customer service the Knoxville community provided in the world of…
After the inspection is completed on your new home and any issues are addressed, it’s time for the appraisal. Appraisal Approximately one week after your loan package has been submitted to underwriting, your loan officer will order an appraisal for the property. Once the appraisal is completed, it takes around 4 business days to get…
Once you and your realtor have found the home you want to buy, it is important to get the home inspected by a certified inspector. The inspector will make you aware of any potential problems with the property and tell you if any repairs or replacements need to be made. You will want to set…
In our last blog entry we explained the importance of starting the preapproval process three to six months before you plan on moving into your new home. Preapproval will provide you with an accurate snapshot of your financial status and will give you an estimate of your budget for your home. In the preapproval process,…
Preapproval is a crucial step in securing a mortgage for your new home. But when is the best time for you to get preapproved? Immediately! You should meet with a loan officer three to six months before you plan on moving. If you are looking to move quickly, talk to a loan officer as soon…
Starting next week, we are beginning a weekly blog series that answers some of the most common questions about the mortgage process. We will address fundamental questions such as: When should I start looking to get preapproved? How much down payment will I need? What loan type is right for me? Be sure to check…
Buying a house is a complicated process that involves a large network of different agents. If you are buying a home for the first time, I strongly recommend seeking professional help through every stage of the process. A trusted professional provides experience and insight as well as a network of professional contacts that you might…
The types of mortgage loans that you can receive are in part determined by your credit score. There are three major credit bureaus that keep track of your history of credit and issue three different credit scores. Your mortgage loan officer will use the middle of these three scores. So how good does your credit…