Buying Your First Home
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![How to win an offer on a home]()
How to win an offer on a home
Winning an offer means your bid was accepted by the seller. You’re essentially securing the home and moving forward… Read more
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![What are the tax benefits of owning a home?]()
What are the tax benefits of owning a home?
So, what’s the deal with tax benefits for homeowners? Owning a home can score you some pretty sweet tax… Read more
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![What credit score do I need to buy a home?]()
What credit score do I need to buy a home?
The higher your credit score, the better the loan terms you’ll likely get. But you don’t need perfect credit… Read more
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![What is a origination fee?]()
What is a origination fee?
If you are in the process of shopping around for a lender, or just curious about the home buying… Read more
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![What is a mortgage escrow account?]()
What is a mortgage escrow account?
When financing a new home, you’ll likely hear the term “escrow.” When purchasing a new home, the escrow is… Read more
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![What is the difference between earnest money and my down payment?]()
What is the difference between earnest money and my down payment?
Earnest money is just an initial deposit to secure your offer, while the down payment is a larger sum… Read more
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![What is mortgage underwriting?]()
What is mortgage underwriting?
The mortgage business ultimately comes down to underwriting, which is the process of assessing risks around the mortgage and… Read more
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![What is the best time of year to sell a house?]()
What is the best time of year to sell a house?
If you’re looking to sell your house, summer is typically the prime time. With better weather and families having… Read more
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![What are the steps to buying a house?]()
What are the steps to buying a house?
Buying a new home can be complex! For most lenders, from the time you find a new home to… Read more
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![What % should I put down for my down payment?]()
What % should I put down for my down payment?
What is a down payment? A down payment on a house is the upfront cash you put down when… Read more
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![APR vs. Interest Rates in a mortgage]( "APR vs. Interest Rates in a mortgage")
APR vs. Interest Rates in a mortgage
While interest rates dominate the news, we would argue understanding APR (Annual Percentage Rate) can be a larger factor… Read more
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![FHA Loans vs Conventional Loans: Which is better for a first time home buyer?]()
FHA Loans vs Conventional Loans: Which is better for a first time home buyer?
Choosing the type of loan that makes the most financial sense for you can be daunting for first time… Read more
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![Tomo’s Guide to Home Buying Part 5: How to Get a Mortgage]()
Tomo’s Guide to Home Buying Part 5: How to Get a Mortgage
Applying for a mortgage is a time of both excitement and stress. On one hand, it signifies a significant… Read more
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![Tomo’s Guide to Home Buying Part 4: How to Make an Offer on a House]()
Tomo’s Guide to Home Buying Part 4: How to Make an Offer on a House
When it comes to buying a house, making an offer is a big deal. It’s a mix of excitement… Read more
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![Tomo’s Guide to Home Buying Part 3: Things to Look for When Buying a House]()
Tomo’s Guide to Home Buying Part 3: Things to Look for When Buying a House
The thrill of searching for a new home is an adventure filled with anticipation and excitement. It’s a journey… Read more
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![Tomo’s Guide to Home Buying Part 2: Understanding Mortgage Pre-Approval]()
Tomo’s Guide to Home Buying Part 2: Understanding Mortgage Pre-Approval
If you’ve begun navigating the exciting but often daunting path to homeownership… Read more
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![Tomo’s Guide to Home Buying Part 1: How Much House Can I Afford?]()
Tomo’s Guide to Home Buying Part 1: How Much House Can I Afford?
Purchasing a home is a major financial undertaking that brings substantial rewards, however… Read more
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![Programs for First-Time Homebuyers in Washington State]()
Programs for First-Time Homebuyers in Washington State
Who we are Carey Armstrong is Tomo Mortgage’s Seattle real estate expert with the acclaim of being Seattle’s most… Read more
