Home Loans News, Tips & Fun - Home Loan Blogs | Nova Home Loan

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Home Loans News, Tips & Fun - Home Loan Blogs | Nova Home Loan


Construction Loans

Construction Loans: Build the home of your dreams.

If you have ever planned every aspect of your house and always dreamed of having a one of a kind home then a Construction Loan might be for you. Construction loans are what make home customization possible and allow the borrower the unique opportunity to be actively involved with the construction/ remodel of their home, from start to finish. Here are a few important details to remember before taking on a construction loan project.

 

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4 Questions to Answer to Find out If You Are Ready to Own a Home

Because five is just too many, we wanted to give our potential home buyers FOUR questions to ask themselves to discover if they are ready to buy a home! Purchasing or refinancing a home can be one of the biggest milestones in your life. At NOVA® Home Loans we want your home buying experience to be a smooth and effortless process. To ensure a successful transaction it’s important to evaluate your lifestyle. Do you have a good source of income? Do you have money for a down payment? If your answer to these questions is “I don’t know?” call or start your application with a NOVA® Home Loans Loan Officer today to find out if you are ready to buy or refinance your home!

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Home Inspections

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Home Inspections: What You need to know

Congratulations! You've decided on a home to purchase and your offer has been accepted! One of the next big hurdles you will need to finish will be the home inspection. You don't want to skimp on inspecting something that could be costly to remedy in the future, but you also don't want to waste your cash on things that are unnecessary. We have developed a guide and explanation for some of the most common home inspections, as well as questions to ask and estimated prices. 

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Housing in Maricopa

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Housing in Maricopa County, AZ

Deciding when and where to buy a house can be a grueling process. First, you must consider your personal situation and then determine which economic factors make buying a good solution. Take a look at this infographic, made for Maricopa County specifically. Now is a great time to buy! 

 

 

 

 

 

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Best Place to Work 2016

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NOVA Home Loans Named Top Company to Work For 2016

NOVA® Home Loans was ranked #14 in a large list of mortgage companies surveyed in the US. Many of our loan officers were named in the top 1% of originators in the country, both in volume and units closed. These are very distinguished rankings and NOVA® Home Loans is proud of all of the hard work and standard of excellence our Loan Officers display.

 

 

 

 

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Rent vs Own 2017

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Renting vs Owning

The decision to purchase a home or keep renting is one of the biggest decisions you will ever face. There are definitely benefits and drawbacks to renting and owning, it truly depends on your situation, however, this short video will provide some thought provoking information. Take a listen!

 

 

 

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All About Escrow

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All About Escrow

Escrow is one of those big, scary words that people often shy away from, but today, you will learn what it means, how it works, and why it's a great feature to have for both home buyers and home sellers (and just about all parties involved)! 

 

 

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Credit Score to Buy a House

good credit1.pngLoan Officer spotlight: What Credit Score Do I Need to Buy a House?

Your Credit Score is a very important factor in the home buying process. This number helps banks decide if they should lend you money for this big purchase. There are multiple factors in this score and a lot you can do to improve your score. This week, Crystal Ralston, Senior Loan Officer, delves into the Credit Score conundrum and discusses ways to improve your score to get you ready to be a home owner!... read more

 

 

 

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Purchase Contract

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7 Factors of a Purchase Contract

From a Buyers Perspective

If you have ever made an offer on a home or even glimpsed at all of the paperwork involved in doing so, you know there are multiple factors that can either positively or negatively impact your future in that home. While the hope is that you are working with an excellent agent, you should be aware of these 7 elements to specifically discuss with your real estate agent and/or your loan officer. While this information is in no means meant to be exhaustive, this will give you a good grasp on where to focus in your home purchase contract!

 

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Deal Breaker

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When to Walk Away From a House

Say you have fallen in love with a house, it's just perfect! Your offer gets accepted and you proceed to the inspection, where you receive a list of imperfections about your new obsession. How do you know which items pose significant enough of an issue to walk away from your dream house? This article is just for you! See what issues may break the deal or can simply be fixed! 

 

 

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Pay Off Mortgage Faster

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Loan Officer Spotlight: Pay Off Your Mortgage Faster

If you didn't have a mortgage payment each month, what would you do with those extra funds? Would you vacation more? Get a new wardrobe? Start a business or give more to charity? Today, Charles Baldon, a NOVA® Home Loans Loan Officer talks about ways to potentially pay off your mortgage years in advance. You don't necessarily need to be strapped with a 30 year mortgage- Let Charles tell you how!  

 

 

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What to Look for When Choosing a Home Loan

Loan Officer Spotlight: What to Look for When Choosing a Home Loan

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Choosing a home loan program, whether it be your first home or your fifth investment property can be a very daunting task. Each individual comes with a unique situation each time they purchase a home. Unfortunately, mortgages are not a 'one size fits all' scenario, but thankfully, there are several guidelines that can help narrow down the selection of choices. Bert Carpenter, Senior Loan Officer at NOVA® Home Loans, outlines some of these guidelines.

 

 

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NOVA Now App

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NOVA Now Mobile App

If you are considering purchasing a home, be sure to have the NOVA® Now App downloaded! This nifty app will assist you in your home search, give you valuable neighborhood information and even give you an idea of what your monthly mortgage payment will be! Check out the details and download today!

 

 

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Student Loan

Student Home Loan.jpgLoan Officer Spotlight: Applying for a Home Loan as a Student

Are you an ambitious student looking to get ahead of the home buying curve? Good for you!

Maureen Vanderhoff (Loan Officer NMLS 240174) wants to show you how you can begin your home loan journey and begin saving up equity and building your investment portfolio at an early age. These savings and investments can benefit you for years to come!

 

 

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Morty - Citizen

morty citizen.pngMorty the Mortgage Guy - U.S. Citizenship and Home Ownership

Morty the Mortgage Guy is back to tell you that you do not necessarily have to be a U.S. Citizen in order to purchase a home here! The United States is the "Land of Opportunity" and that opportunity includes the dream of home ownership. Get some of the details and talk to a NOVA® Home Loans loan expert for more details!

 

 

 

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Savings Challenge

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Savings Plan Challenge!

Check out a very simply savings plan to stock away some cash. This could be used towards a down payment on a house or other housing costs! Can you save an extra $2 each week? We also have some great tips included to cut some expenses. Take our Savings Challenge!

 

 

 

 

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All About Mortgage Insurance

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All About Mortgage Insurance

What is Mortgage Insurance (MI) and why do I need it? If you do not know these answers, then check out this post and find out! Learn the basic calculations and payment options that may be tagged onto your home loan. Some programs do not require MI and some allow for the policy to be dropped after a specified amount of time. Get the details here!

 

 

 

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Morty - Millennials

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Morty the Mortgage Guy - The Story of Millennials

If you are a typical Millennial, there is a good chance that you are either stuck in your parents' basement or renting an apartment. Today, Morty's message is directed towards you. See what he has to say about the financial market and how home buying may actually be a safe option for you.

Even if you're not a Millennial, you should take a listen and see why home buying is a great investment at any stage of life.

 

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Morty - Pay Scale

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Morty the Mortgage Guy - Pay Scale

Morty is back, putting your mortgage myths and misconceptions to rest! Today, he's talking about the misconception, "I do not make enough money to buy a house." Basically, if you make enough money to live, you make enough money to buy a house. Sound too good to be true? Well, take a listen as Morty digs in! 

 

 

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Home Owners and Termites

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Home Owners & Termites

Do you know what disaster accounts for $5 Billion annually? Termites! These wood-destroying insects are more damaging to homes than floods and fires. No one is exempt from the threat of these pests, so be sure to be prepared to defend and prevent your home from being overtaken by these tiny creatures!

 

 

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Student Loan

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Morty the Mortgage Guy - Going to College

Introducing, Morty the Mortgage Guy! He's putting your mortgage myths and fears to rest! Today, he is talking about how to make a smart investment as a college student! Whether you are venturing off to college or have a child headed that way, Morty's video is for you! 

 

 

 

 

 

 

 

 

 

 

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Stay Cool This Summer

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Stay Cool for Less!

Looking to save a buck or two this summer on your AC bill? Check out some of these quick tips and see potential savings. You never know what little changes can make the biggest difference!

 

 

 

 

 

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Refinance

refi.pngQuick Facts: Refinancing

You might be thinking that since you already own a home, you do not need to pay attention to all of the buzz about the economy and mortgage rates, but have you considered refinancing? Refinancing could potentially save you a bunch of money, either now or in the long run! Take a quick peek at this infographic and talk to a NOVA® Home Loans Loan Officer today!

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Pathway to Purchase

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Pathway to Purchase Program

NOVA® Home Loans is proud to introduce the Pathway to Purchase program! If you are looking to purchase a home but need help with the down payment, this program could be for you! Check out this quick video and contact a loan officer today!

 

 

 

 

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Avoiding Mortgage Misery

mortgage misery.pngAvoiding Mortgage Misery

Attention all mortgage borrowers! You may be at risk for a contagious borrowing disease called, 'Mortgage Misery.' These cases can be contracted by borrowers refusing to take proper precautions and exposing themselves to unsafe borrowing practices. For more information, read the risks, preventions and treatments used to combat this infection and talk to your qualified mortgage professional today!

 

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What Determines Mortgage Rates?

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Determining Mortgage Rates

Will rates increase soon? Will there be a recession, and is now the time to buy and refinance? No graphic or blog can ever answer all of those questions conclusively, however, you can learn what influences all of these factors and how you can make the best financial decisions!

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VA Lending

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Loan Officer Spotlight: VA Lending

What are the differences between a traditional loan and a VA loan? Why do these types of loans have lower default rates than other typical loan types. Kevin Kostoff explains these details and discusses how these loans have transformed over the years. If you are a Veteran and looking to purchase a home, then this post is for you!

 

 

 

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5 Steps to Financial Fitness

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5 Steps to Financial Fitness

Quick fitness check-list...
Push-ups? (check)
Sit-ups? (check)
Squats? (check)
Debt-to-Income Ratio? (huh?!)

Just as your body needs to be kept in check with some dexterity exercises, your financial fitness is just as important! Look at these five tips for staying Financially Fit and see how your financial flexibility stacks up against the 'ideal' measurements!


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8 Don'ts When Buying a House

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8 Don'ts When Buying a House

So you've decided to take the plunge into home buying. Yeah! That's great! Now, you just need to make sure that nothing happens to either delay or even worse, derail your home buying process. Take a look at these simple 'Don'ts' to keep you on the right path to home owning!






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Nobody's Perfect

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Loan Officer Spotlight - Nobody's Perfect

This Loan Officer Spotlight takes a look at some common home buyer misconceptions. Even if you do not have perfect credit, have filed for bankruptcy, or do not have a lot of credit history, you may still be able to purchase a home. Glen even talks about the Credit Services that NOVA® Home Loans can provide to get you on the path to home ownership!







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Saving for your first Home

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Loan Officer Spotlight - Saving for Your First Home

Sometimes trying to save up for a big purchase can seem overwhelming and unattainable. In this blog post, Glen Smart (Loan Officer) provides some helpful (and even fun!) ways to save up for your first home purchase. Glen has helped hundreds of people achieve their dreams of home ownership, and this blog will give you insight on how you too can be a happy home owner!









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Can Buying a Home Help Your Relationship?

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Can Buying a Home Help Your Relationship?

While home buying is often one of the most stressful decisions in life, statistics have found that making this big decision as a couple can actually strengthen your relationship! See what the experts have found help couples take on this plunge, and relationship tips to make the process enjoyable and fun!






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NOVA Now Mobile App

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Looking for a nifty way to research your future home? Look no further than the NOVA now mobile app! This app is available in the App Store and Google play! Watch this video to see the benefits and features of this FREE app.

Stop waiting, start using NOVA now! 

 

 

 

 

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Meet Bob: Get the Keys!

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Well folks, he's done it! Bob has completed all of the steps to getting his brand new home. Watch this video as Bob signs the final papers and begins moving into his, 'home sweet home'!

 

 

 

 

 

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How to Save on Your Mortgage

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Interested in saving money on mortgage? Then you MUST check out this article! No matter your current mortgage status, these easy tips may help you save literally thousands of dollars over the life of your loan. Click here!

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Bowl Game Channel Guide

ArizonaBowl-Logo.jpgUnable to attend the NOVA® Home Loans Arizona Bowl?! Watch the game live either by streaming online or tune into one of the channels on this list!

 

 

 

 

 

 

 

 

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Meet Bob: Sit Tight

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This is the second to last video in our Meet Bob Series! Bob has all of his ducks in a row, so now he just has wait! See why it is so important that Bob not make any big purchases right now!

 

 

 

 

 

 

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Enter to win!

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NOVA® Home Loans is sponsoring two awesome contests surrounding the NOVA® Home Loans Arizona Bowl. Twenty contestants will be selected to receive 4 FREE tickets to the game in Tucson on December 29th. Another lucky winner will be eligible to compete to have their mortgage/rent paid for one whole year!

 

 

 

 

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Twas the Night Before Closing

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View this humors holiday video of the closing process With NOVA Home loans. 

When your through chuckling, reach out to a loan officer to get started on your 'smooth sledding' experience! 

 

 

 

 

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Mortgage Types

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Here is a quick overview of some of the benefits and down sides of popular loan programs!

 

 

 

 

 

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Working with a Loan Officer

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Is it mandatory to work with a Loan Officer when buying a house? No, but it's one of the best ways to ensure you do not fall into common pit falls in home buying and ensure you are getting the best loan options your your unique situation! Watch as Bob learns why working with a Loan Officer is so important!

 

 

 

 

 

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Benefits of Home Ownership

 

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You have heard that there are many benefits to owning a home verses renting an apartment. Check out these interesting statistics that prove owning a home is a great choice over renting!

 

 

 

 

 

 

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Find the Perfect Home!

Bob 4.pngWow, we're already half way through Bob's Home Buying Journey! Bob has his house picked out, but there are few things he needs to consider before making an offer! 

 

 

 

 

 

 

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PreQualification Continued!

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Bob finally gets his PreQual letter! Check out what he does during his wait time to speed up the process. Bob is almost ready to go house hunting!

 

 

 

 

 

 

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PreQualification Process

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Bob is back for Episode 2 of 8 in Bob's Home buying journey. Before he can qualify for a home loan, he must be PreQualifed. Lean what this term means and the benefits to having a PreQual letter!

 

 

 

 

 

 

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Meet Bob and understand the home buying process

bob.pngMeet Bob! He is currently renting an apartment, but would believes now is a good time to buy a house. In fact, he has a house in mind already. Follow along as he goes through the home buying process! This is an 8 episode series, so be sure to check back for weekly updates! 

 

 

 

 

 

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