Builders worry about credit and rise in mortgage rates

While new home builders are optimistic about a housing turnaround in 2013, there is a concern that rock-bottom mortgage rates will eventually begin to rise, scaring off potential buyers and hampering credit apps for higher-end homes. Read the full story here.

Lessons for the first time homebuyer

If you are a first time homebuyer, it’s easy to make very expensive mistakes during the purchasing process. Instead, take this opportunity to learn from the missteps of others, so your first time home buying experience goes as smoothly as possible. Here are some common lessons to learn from other homebuyers: Evaluate what you can […]

Buying your first home: Myths vs. reality

People love to give advice based on their personal experience. It can be hard to tell which advice is valuable and which should just be ignored. Often, the advice is inaccurate or simply a myth. Here are some myths you may have heard while buying your first home and the realities of the process. Myth […]

6 Things about first time homebuyers programs we want you to know

Buying a home for the first time can be overwhelming. Many first time homebuyers are not aware of all resources they have at their disposal, until after they have finalized the sale. Uninformed buyers tend to make hasty decisions, ones they later regret. If you are a first time homebuyer in the market for a […]

Buying your first home: mistakes to avoid after submitting your loan application

Congratulations! You’re ready to buy your first home. It is an exciting time, but also one of great learning. Many buyers discover that they may not be familiar with the home buying process. If you have just submitted your loan application, here are some tips to keep the process running smoothly: Don’t apply for another […]

FHA “Back to Work” program extended to 2016

If you have recently suffered a foreclosure or short sale, you may wonder if the FHA “Back to Work” program will still be in place when you are ready to buy a new home. The FHA “Back to Work” program was created by the Federal Housing Administration to help people who faced extenuating financial circumstances […]

Anonymous comments by employees indicate quality of 1st Alliance Lending

How should a homebuyer choose a lender? This is an important decision, as the lender will be overseeing your 15-30 year mortgage. You are entering into a long-term relationship with the lender. It can be hard to evaluate which lenders are in business to help people and which are just looking to make money. If […]

Why should I trust 1st Alliance Lending?

If you had a foreclosure or short sale you may be feeling hesitant to trust another lender. During the recession some lenders set homebuyers up for failure so they could profit off of fees when mortgage payments were missed. Other lenders did not offer mortgage modifications to those who needed them, in order to maintain […]

Common questions of first time homebuyers

If you are a first time homebuyer you likely have numerous questions. The answers below to common questions of a first time homebuyer should help. How much money do I need to have to buy a home? When purchasing a home you will be responsible for paying a down payment and closing costs.  The closing costs are […]

What makes 1st Alliance better?

If you are looking to buy a home you should do some research on potential lenders prior to selecting one. You will have a relationship with the lender from day 1 until you have paid your final mortgage payment, which is often 15-30 years later. Regardless of your situation (first home, purchasing a home after […]