Home Buying Tips
Budgeting for a Home
The "right time" to buy a home is different for everyone, but budget is often a leading influence. We are experts in helping you find the right mortgage to fit your own personal budget. We have tools and lending professionals dedicated to leading you through the process to make sure you can make the best decisions for your future.
Advantages of Getting Pre-qualified
Getting pre-qualified is the first step in the mortgage process. When you pre-qualify for a mortgage, we calculate the approximate amount you will be able to borrow, based on the information you provide on your current income, assets and debt over the last two years.
After reviewing your financial information, a Pinnacle Capital Mortgage professional will provide you with the mortgage range for which you qualify. Keep in mind that the prequalification process is not an in-depth analysis of your financial situation; it merely provides you with a suggested price range based on the financial information you provide.
Top 3 Mistakes of First-Time Homebuyers
Buying a home can be tricky – especially if it’s your first time. But, armed with the right information and some timely tips, you can successfully navigate these waters. Below, we’ve provided the top three mistakes that first-time homebuyers make along with some seasoned advice.
Understanding the Home Inspection Process
Whether you’re buying or selling real estate, the home inspection is an important part of the process. Here are some tips for both buyers and sellers on how to make sure your home inspection is as productive as possible.
What to expect for the Home Appraisal Process
Appraisals play a major role in the process of buying, selling or refinancing a home. Since appraisals are a big part of the home loan application process, they can be a source of anxiety. Read more as we explain the home appraisal process for both buyers and sellers.
Homeowner's insurance offers homeowners a level of protection against unexpected loss of property and personal belongings. In addition, if your home is purchased using a mortgage, the lender generally requires that your home is properly insured as a condition of the mortgage.
How to Hold Title
This important question is one California real property purchasers ask their real estate, escrow and title professionals every day. Unfortunately, though these professionals may identify the many methods of owning property, they may not recommend a specific form of ownership, as doing so would constitute practicing law.
Should You Rent or Own?
Homeownership is a personal choice with many deciding factors. Most people don't know that buying a home can actually cost less than renting. And with low rates and an improving economy, now may be the best time for you to make the move.
If you are unsure of which option is right for you, here is some information that may help you make the best decision for you and your family.
The real estate website Trulia releases an annual Rent vs. Buy Report, which analyzes the average cost of renting versus buying for all homes on the market in America’s 100 largest metropolitan areas. Although affordability varies by location, buying a home is 44% cheaper than renting nationwide.