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5 People You’ll Meet as a First-Time Homebuyer
June 7, 2022 by The CE Shop Team Let’s Learn About the Professionals Involved in the Homebuying Process For many first-time homebuyers, navigating the real estate industry and the homebuying process can feel overwhelming. That’s totally understandable — after all, a home is often the largest purchase that a buyer will make in their lifetime. But the journey to homeownership can also be incredibly exciting, and the more you learn about the process, the better prepared you’ll be. Today, we’re going to be talking about the various professionals that you’ll encounter on your homebuying journey. Buyer’s Agent Your real estate agent is the person that you’ll be spending the most time…
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First Time Home Buyer, Home Shortage, HomeBuyers, Real Estate, Real Estate Blogs, Real Estate Education
First-Time Homebuyers are Facing a Starter Home Shortage
Lack of “Starter Homes” in the U.S. Makes First-Time Homebuying Difficult Post from our Partners at the CE Shop dated 2/13/2022 It’s hard for first-time homebuyers in this housing market — in recent years, they’ve faced ultra-high home prices, record-low inventory, and more recently, rising mortgage rates. Some first-time homebuyers might be feeling frustrated or discouraged, and as a real estate agent, it’s your job to help them through the process. But how did we get here? In this blog, we’re going to explore what experts say is one of the major barriers to homeownership: the lack of available “starter homes.” What Is a “Starter Home”? There’s no one…
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Home Sellers, HomeBuyers, MLO Education, Mortgage Industry, Real Estate, Real Estate Blogs, Real Estate Courses for most US States
Mortgage Industry Glossary – Terms Everyone Should Know
By the CEShop Team Common Mortgage Terms and Definitions Whether you are a mortgage lender, borrower, or real estate agent, navigating your way through the mortgage loan process can be challenging. Having a list of mortgage terms handy helps everyone benefit during the process. To help you enjoy smooth sailing during the mortgage loan process, we’ve put together a list of the most widely used mortgage term definitions in the industry. Mortgage Terms: Adjustable-Rate Mortgage (ARM) Amortization Annual Percentage Rate (APR) Appraisal Fee Appraised Value Borrower Defaults Borrower’s Credit Borrower’s Closing Costs Closing Disclosure Conventional Loan Conventional Mortgage Credit Report Creditworthiness Debt-to-Income Ratio Deed of Trust Down Payment Earnest Money…
