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Getting Your Mortgage Pre-Approval? Here’s What You’ll Need

Before the house hunt should come the pre-approval. It’s an important first step that will give you a defined price range to better guide your search. It shows real estate agents and sellers that you’re serious and able to buy, and it puts you in a good position come negotiation time. Plus, a pre-approval can help clarify details about your mortgage as you move into the loan process. Here’s what you’ll need if you’re ready to get that mortgage pre-approval. Continue reading “Getting Your Mortgage Pre-Approval? Here’s What You’ll Need”

Six Application Tips for your Home Loan

Buying a new home is an exciting, emotionally-charged experience. Navigating the process may feel a little overwhelming, but there are things you can do to keep things on track. The Cushing Team here in Reno has years of experience helping people secure the homes of their dreams, and we have advice for those just beginning the process. Here are six application tips for your home loan. Continue reading “Six Application Tips for your Home Loan”

Three Tips for Finding the Right Loan Officer

Whether you’ve just found the home of your dreams, or even better, you’re ready for that pre-approval so you’re clear on your price point, you’re going to need a great lender. But finding the right loan officer may be an even bigger decision. You need someone with the skill set and experience for your type of mortgage program, but you also need someone you can trust. How can you be sure that’s what you’re getting? Easy – just follow these three tips from the Cushing Team here in Reno for finding the right loan officer. Continue reading “Three Tips for Finding the Right Loan Officer”

Loan Options – What’s a Jumbo Loan, and Do I Need One?

Home prices in Reno-Sparks hit a median home price of $400,000 for the first time ever, and prices will likely continue to surge. That means more people may be considering financing options beyond conventional loans. Here’s what the Cushing Team in Reno wants you know about jumbo loans and how to determine if you need one. Continue reading “Loan Options – What’s a Jumbo Loan, and Do I Need One?”

Real Estate 101: What’s the Difference between a Condo and a PUD?

The Cushing Team is a mortgage lender here in Reno, which means we field a lot of questions. One of them comes up again and again, which makes sense given our current housing market. As local builders deal with a surging population and prime land becomes harder to find, common interest developments are becoming more popular. These properties are a good way to kill two birds with one stone – builders can maximize limited land and prospective homeowners enjoy affordability with the added amenity bonus that’s often included in these kinds of developments. Condominiums and planned unit developments, or PUDs, fall into this category, which brings us to that question we routinely hear – what’s the difference between a condo and a PUD? Continue reading “Real Estate 101: What’s the Difference between a Condo and a PUD?”

Pre-Approval to Closing – Understanding the Five Big Steps in the Mortgage Loan Process

Buying a home is one of the biggest purchases most people make in their lifetime. And one of the best ways to ensure things go smoothly is by doing a little homework before you dive in. Knowing what to expect can help prevent unpleasant surprises. Read on for a little understanding of the five big steps in the mortgage loan process. Continue reading “Pre-Approval to Closing – Understanding the Five Big Steps in the Mortgage Loan Process”

Loan Options – How Do I Know a Conventional Loan is Right for Me?

Figuring out how to pay for your new home is one of the most important considerations of the entire home-buying process. While most people borrow money via a mortgage, narrowing down your home loan options can feel a little intimidating. What’s the difference between a conventional loan and an FHA? How do you know a conventional loan is right for your needs? The Cushing Team can help you answer that more definitively, but here’s some general information to help you understand the basics. Continue reading “Loan Options – How Do I Know a Conventional Loan is Right for Me?”

Mortgage Q&A: Are Online Mortgage Calculators Accurate?

We’re used to finding answers to just about anything with our handy smartphones and an internet connection. But just because the information is at our fingertips doesn’t mean it’s completely accurate (a fact that’s so easy to forget!). When it comes to the mortgage loan process, you can do plenty of homework online. And it’s safe to bet that somewhere in your research, you’ll end up plugging numbers into a mortgage calculator. But are online mortgage calculators really accurate? Continue reading “Mortgage Q&A: Are Online Mortgage Calculators Accurate?”

Loan Options – What’s the Difference between Conventional and FHA Loans?

There are many, many considerations prospective homeowners face during the home search. And while the Cushing Team here in Reno can’t help you decide between that beautiful house with three bedrooms and the one that backs up to the golf course, we can help you figure out the best loan option for your budget and needs. Here’s what to know about the differences between conventional and FHA loans. Continue reading “Loan Options – What’s the Difference between Conventional and FHA Loans?”