How Banks and Government Insurers Affect Attorney-Specific Loans

House made out of $100 bills

Mortgage rates change all the time – sometimes daily. Economic or political climate, supply and demand of property, and other events can make rates fluctuate. Your credit score, income, available cash for down payment, or your debt-to-income ratio can play a role in getting the best possible interest rate for your home loan. But mortgage…

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Securing a Mortgage as a Solo Practitioner: Tips and Challenges

scrabble tiles spelling the word "mortgage"

Securing a mortgage as a solo practitioner or a self-employed attorney is possible, but it might require a few extra steps. Attorney Mortgage can help you prepare and manage the approval process for a home mortgage.  Self-employed vs Employed Mortgage lenders typically ask for verification of income, such as the last two years worth of…

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Should I Buy a House on Short Sale?

house on short sale

Home sellers are sometimes motivated to sell a home because of financial difficulties, divorce, or the death of a partner or spouse. If they are lagging behind on mortgage payments, they may look at a short sale option instead of facing foreclosure. According to a Statista report, about 0.23% of American homes were in foreclosure…

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Do I Need an Appraisal When I Buy a New Home?

person with clipboard which says real estate appraisal

When you get ready to buy your new home, a home appraisal is part of the loan approval process. If you are a newly degreed attorney, an established attorney looking for a first home, or if you are ready to refinance your home, Attorney Mortgage can help you understand the residential appraisal.  What is a…

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Do I Really Need a Home Inspection?

Home inspector standing on a ladder and providing an inspection to the roof of a house.

After you find the home you like, and your offer to purchase is accepted, your real estate agent will talk to you about your home inspection. This is typically scheduled as quickly as possible. Attorney Mortgage recommends a home inspection as this will help ensure that there are no major problems with your new home. …

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How Do I Find a Good Real Estate Agent?

Close-up of a Good Real Estate Agent Holding a Home For Sale Sign

You do not need to wait until you have a real estate agent before contacting Attorney Mortgage. We can help you find the right agent for you; one who works with attorneys and knows their special needs.  What is the difference between a real estate agent and a REALTOR®? A REALTOR® is a real estate…

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Do I Need a Budget For Buying A House?

money, calculator & blank notebook for planning for attorney specific mortgages

Whether you are planning to buy a home or you are already in the buying process, managing your money is the first step to success. Smart investors create a budget that covers mortgage and other expenses, as well as improvements, entertainment, and unexpected bills. “A budget is a crucial tool to help you take control…

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