House Renting vs Owning Hi, I’m Matt Padgett with Keystone Mortgage. For all of you renters out there, it is a fabulous time to buy a house. It actually costs more to rent the same sized house than it would to buy it, in some cases hundreds of dollars a month. Interest rates are low,…
Hi, I’m Matt Padgett with Keystone Mortgage. Today, I want to talk about something that I’ve talked about in the past, but it is so super important that I want to talk about it again. This is the list of items that we need from you. This is going to include things such as…
Matt Padgett of keystone mortgage wants to help you get a house in the easiest way possible. Hi, I’m Matt Padgett with Keystone Mortgage. If you’re a current home buyer, you know one thing for sure and that is there are not a lot of homes out there to choose from. One way to make…
Matt Padgett of Keystone Mortgage in Knoxville, Tennessee will help explain to you if what does a mortgage underwriter look for to work out your mortgage. Hi! Matt Padgett with Keystone Mortgage. One of the first steps when we get your loan package is we send it to an underwriter. And a lot of people…
Matt Padgett of Keystone Mortgage in Knoxville, Tennessee offers great advice and says to not wait to get pre-approved. It is an extremely hot market in Knoxville and around the Knoxville area. Homes are not sitting on the market long. We’ve seen several of our customers lose homes that they were wanting to put offers on…
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…
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…
With the trend of record low mortgage rates lately, many more people are seriously considering refinancing their home. Refinancing is not for everyone, but there are big benefits for some people. For those in good financial standing, refinancing can be used to shorten the length of your mortgage and/or lower your monthly payment. Another good…
In today’s housing market, a letter of preapproval from your mortgage loan officer is very important when shopping for your new home. Many sellers and seller’s agents will only take a buyer seriously if they have obtained preapproval. Preapproval benefits both the buyer and the seller. The buyer is given a relatively solid estimate of…