Ultra Mortgage LLC

10/01/2021

In order to qualify for a home loan after a foreclosure, you generally have to wait 2-3 years. Depending on the loan, wait times can extend out to 7 years from the time that the foreclosure case was completed.

09/29/2021

Foreclosures in a neighborhood are bad for other homeowners trying to sell their house. They can drive down property values for the surrounding properties that aren't even in foreclosure due to the below market sales price on the home in foreclosure!

09/27/2021

Will you get approved for a mortgage loan if the home you want to buy is a foreclosure? If the home is considered livable, then you still have a shot at being approved. If the house has significant damage, has a hole in the roof, is missing plumbing, or has been left vacant for an extensive amount of time, then you may be denied when applying for a loan.

09/24/2021

When is the best time to buy a home? If you're looking to buy a home when there are a ton of options, then plan on buying around August! Generally, home buying is a great idea during early fall when the majority of families are looking to settle before the school year begins, and there are an abundance of homes on the market.

09/22/2021

Whether or not an active duty military family should buy a home is similar to the average person. How long do you plan on spending in the area? Can you afford to purchase a home?

09/20/2021

Thinking about moving across the country without visiting first? You might want to think twice. This is a risky practice being that your large investment is left up to what you discover during a video walk-through and whatever is written down by the home inspector.

09/17/2021

What happens if you're facing an appraisal gap? Your mortgage lender may not be willing to lend you the increased amount of money if they base their loans off of how much a home's appraised value is. In this case you might be stuck paying the difference between the mortgage loan and the how much the house sells for.

09/15/2021

The appraisal gap is the difference between how much a home is worth and what you're willing to pay for it. This can happen when the market is hot and there are multiple offers on a home, forcing you to offer over asking price.

09/13/2021

Should you rent or buy a home? Buying is a great option for people who want to stay in an area long-term, who have money saved up for a home, and those who are ready to invest in the place they live!

09/10/2021

Which bedroom style calls your name? Bohemian, Simple Modern, or Coastal?

09/10/2021

No one handbook tells you how to go about [probably] the biggest purchase of your life. Many resources will tell you one thing or another, but we’re here to set the record straight around misleading myths relevant to home buying.

Many resources will tell you one thing or another, but we're here to set the record straight around misleading myths relevant to home buying.

09/08/2021

Even half of one percent can make a big different in the total price that you'll pay for your mortgage! Want a lower interest rate? Put down a larger down payment.