CHENOATALK

A educational hub for lenders, real estate agents, and homebuyers that addresses the challenges of buying a home with solutions to help make an impact.

How Homebuyers can Get a Home with Little to No Down Payment

With home prices rocketing up across the nation, more and more homebuyers are beginning to feel that purchasing a home may just never be in the cards. Fortunately, there are a lot of homebuyer assistance options that can help turn owning a home from a dream to reality. In this article we’ll discuss how homebuyers …

How Much Money Do You Need to Buy a House?

Purchasing a home is one of the biggest personal and financial decisions you will ever make. With the constant evolution of the housing and job markets, it can be tough to determine a rough number to save in order to buy a house, and without a rough number to shoot for it’s hard to set …

Getting To Know The Home Buying Process

Buying a home can be a long and complicated process, especially for first-time homebuyers without family or friends to give them pointers. It isn’t made easier by the fact that many of the steps to buy a home may happen at the same time, or slightly staggered, or in different orders depending on your personal …

Building Generational Wealth Through Homeownership

In 2019, the US Federal Reserve issued a report stating that homeowners had a median net worth of $255,000. Renters, on the other hand, had a median net worth of $6,500. This staggering difference in wealth represents an enormous advantage for some homeowners—and possibly their children. “You enter the middle class through homeownership, right? That’s …

4 Reasons You Should Get Home Buyers Preapproved

Savvy loan officers know that waiting on luck is a surefire way to have an unlucky career—luck is made by planning ahead and being prepared. These same principles apply to homebuyers as well, and one of the best ways to be prepared when buying a home is to obtain a preapproval for a loan. For …

The Benefits of Homebuyer Counseling and Homebuyer Education

Being a homeowner takes a whole lot of know-how that isn’t immediately obvious to a first-time homebuyer. To begin with, the financial commitment of owning a home doesn’t end at closing—borrowers have to be prepared to budget so they can afford a monthly housing payment and other home expenses. While this might be an easy …

4 Successful Down Payment Assistance Strategies For Lenders

The housing market is hot right now and, in many areas, housing prices have never been higher. This exacerbates an existing problem for many borrowers, specifically how difficult it can be to afford a down payment (and closing costs) when saving takes time and home prices keep growing. Down payment assistance can help alleviate this …

How Lenders May Be Able To Turn Renters Into Homeowners

Becoming a homebuyer these days sure can be challenging. Many people don’t have the advantage of purchasing a home right away and become renters first. Owning a home is a decision that has to fit your lifestyle and goals. Most of the time, however,  this takes years of preparation before having the ability to buy …

Borrower Questions to Always Keep in Your Lender Playbook

Football season is here! To help you avoid being the broken chair at the tailgate and folding under pressure, we’ve collected some common questions that you should be prepared to answer when homebuyers are on the hunt for a lender. What qualifications do I need to apply for a mortgage?  Borrowers have their hearts set …