The Derosia Team

Are you looking for a home in the Smoky Mountains?  Have you talked to your real estate agent?  If so we are sure you have been asked "Are your pre-approved?"  Ever wonder what's the big deal about pre-approval? We will give you an in depth walk through on what it means, how to begin, and why we believe it is such an important element to beginning your search for your perfect home in the Smoky Mountains. What is Pre-approval? Loan officers will calculate a your financial ability to make monthly payments.  The loan officer does this by reviewing the your financial status including, income, assets, cash flow, and credit score, to help determine the maximum monthly payment the you may qualify for.  If you qualify the lender will pre-approve a mortgage before the you have found a home. Where to Start? There are several options to finding a lender.  We suggest shopping around in looking for the best rates and a lender you feel comfortable with. ...

The question for many individuals in search of a place to call home is: “Is it more beneficial to buy or rent?” While the decision is personal preference, we would like to provide you with the advantages and disadvantages of both prospectives. There are many advantages to buying a home. A homeowner’s mortgage goes towards the ownership of their home and the property builds equity. Also, the average homeowner’s mortgage will decline after several years of paying their mortgage. Many homeowners qualify for annual tax benefits which in some way or form reduces the mortgage. Homeowners are not dependent on landlords to maintain the property and are free to change the décor and landscaping of their home. There are also some things that should be taken into consideration before purchasing a home. There is a possibility of foreclosure and loss of equity if the homeowner fails to make payments. Also, in some cases the homeowner may be responsible for such things as: property taxes, home and ca...