Questions to Consider Before Buying in a Competitive Housing Market

While house hunting in this type of market can be more stressful, we still think it’s better to try to buy now than wait. Why? Because real estate is a long-term investment. Even if you’re paying more for a home than you’d like, home values should continue to increase.

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How Long Is a Mortgage Pre-approval Good For?

In order to obtain a mortgage pre-approval, the buyer needs to provide their lender with a picture of their financial situation. After receiving the documentation, the lender analyzes the buyer’s information and determines if they’re eligible for a loan. If they are, the lender issues a mortgage pre-approval for a certain amount.

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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.

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7 Financial and Lifestyle Benefits of Homeownership

Owning a home is a large part of the American dream. According to a 2019 survey conducted by the National Association of REALTORS®, “Approximately 75% of non-homeowners believe homeownership is

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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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FHA Rules For Flipped Houses

Flipping houses has become increasingly popular in the last 5-10 years. Many are familiar with the term and often associate it with popular HGTV shows. But did you know that

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Self-Employed Borrowers: What You Need to Know

If you’re self-employed, you’ve probably heard that it’s harder for you to get a mortgage than most people. Which is true – to an extent. The first thing you need

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Divorce Credit Score Mishaps

Thinking of your credit may be the last thing on your mind when going through a divorce and we understand why. It’s a long process that affects many facets of

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Buying a home while relocating can prove to be a difficult task. Luckily, we’re well versed in what it takes to relocate to the great city of Omaha! Over the

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