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Thinking about buying a new home but not sure how to go about it? At Thrive Lending Group, we’re committed to making it as easy as possible for homebuyers to make wise real estate decisions. Check out our blog for more information!

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What Percentage Of Income Should Go To A Mortgage?

What Percentage Of Income Should Go To A Mortgage?

You've done your research, and you're ready to buy a house. But how “much house” can you actually afford? What percentage of income should go to the mortgage? A common rule of thumb is that your monthly mortgage payment should not exceed 28% of your gross income. But...

How Home Appraisals Work & What You Need To Know

How Home Appraisals Work & What You Need To Know

If you're in the process of buying a home, you've probably heard the term "appraisal" thrown around a lot. But what exactly is a home appraisal? Do you need one? How does it work? How much does an appraisal cost? In this blog post, we'll answer all of those questions...

How Long Does It Take To Close On A House?

How Long Does It Take To Close On A House?

Wondering how long does it take to close on a house? Statistics show that the average person spends about ten years in their home. So, when you're ready to move on from your starter home and upgrade to your forever home, you want to ensure the process goes as smoothly...

Top 11 First-Time Home Buyer Mistakes & How To Avoid Them

Top 11 First-Time Home Buyer Mistakes & How To Avoid Them

It's no secret that buying your first home is a huge milestone. It's an exciting time, but it can also be a bit overwhelming. If you're trying to find a comprehensive list of home buyer mistakes, you're in luck! We've compiled a list of the most common mistakes made...

What Is A Home Improvement Loan And How To Get One

What Is A Home Improvement Loan And How To Get One

​Home improvement loans are typically used to finance major home renovations, repairs, or upgrades. These loans can be used for a wide range of projects, including but not limited to:   Kitchen or bathroom remodels Building an addition Replacing windows or doors...

When Is The Best Time To Buy A House, And Why?

When Is The Best Time To Buy A House, And Why?

It's often said that the best time to buy a house is when you can afford it. For better or worse there are other factors to consider, too. The present economic situation and the condition of your local housing market should provide a backdrop for your decision. Other...

How To Save For A House In 10 Simple Steps

How To Save For A House In 10 Simple Steps

Saving for a house can seem like a daunting task, but with these 10 simple steps on how to save up for a house, you'll be on your way in no time. From setting a budget to considering all the different options available on the market, we've got you covered. Thrive...

What Are Fix And Flip Loans? A Beginner’s Guide

What Are Fix And Flip Loans? A Beginner’s Guide

If you're looking to make some money in real estate, fix and flip may be a good place to start evaluating the feasibility of your next project. We all are familiar with conventional residential loans, but the investment property loan sector was in need of a separate...

Understanding the New GSE and FHA Loan Limits

Understanding the New GSE and FHA Loan Limits

Applying for a mortgage is both scary and exciting. You might spend some time working on your credit before you apply to make sure you get the best rate. The Federal Housing Administration (FHA) and a Government-Sponsored Enterprise (GSE) loan rely less on your credit...

How to Get a Bigger Mortgage

How to Get a Bigger Mortgage

Before buying a home, you must work with a lender and get approved for a mortgage. The interest rate you receive varies based on your credit score and history. The lender determines the maximum amount you can borrow based on factors such as how much you make and your...

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