Recasting A Mortgage Loan

Have you ever heard of recasting a mortgage loan? We’re assuming not. It’s a little-known tool that allows you to lower your monthly mortgage payment without having to refinance. Sounds

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Money Needed To Buy A Home

When we speak with first-time home buyers, we’re often met with surprise when outlining the amount of money needed to buy. Many clients come to us knowing about the down

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Three Reasons To Get Pre-Approved Early

One of the questions we’ve been getting asked lately is when to get a mortgage pre-approval in Omaha. Generally, it’s best to get pre-approved before you begin looking at homes.

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4 Common Home Buying Mistakes

Here at Mortgage Specialists, we love the educational aspect of our jobs. In fact, it’s one of our core values! We enjoy being able to help educate our clients, REALTORS®,

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Can I Borrow More Than the House Is Worth?

Can I borrow more than the house is worth? If I’m pre-approved for up to a $200,000 loan and the house I want to purchase is only $150,000, can I

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Frequently Asked Mortgage Questions

Here at Mortgage Specialists, one of our favorite aspects of the job is educating our clients on the mortgage process. It isn’t a process that many go through often, so

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How Do Lenders Verify Income?

Regardless of where you get a mortgage, you will always need three things – income, credit, and money down – and you’ll need the proper documentation for each. The mortgage

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Calling All Our Move-Up Buyers

You’ve already successfully bought your first house, enjoyed a few years in it, and now you’re ready to move onto your next home. You’re what we like to call move-up

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Why You Should Find A Lender First

It’s common knowledge that in order to buy a home, you’re going to need both a real estate agent and a loan officer. What many people don’t know is who

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Mortgage Pre-Approval: Monthly Payments

Just because your mortgage pre-approval says you can buy a $400,000 home doesn’t mean it would be in your best interest to do so. We’ve seen this situation unfold time

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