Are you one of the many Americans dreaming of buying your first home, but don’t quite feel ready? People delay homeownership for many reasons; some are unsure where to settle down, some have poor credit and fear they won’t get approved. As a mortgage company, we understand that every person has a different path to homeownership. If you foresee a home purchase in the next few years, now is the best time to start preparing, and we’re here to help! 

Just as with any project, your preparation will set the stage for your success. Think of your first homebuying experience as your largest personal project yet!  

Step one: Identify Your Goal 

*Phew*, that one was easy! You’ve already completed step one, your goal is to purchase a home. 

Step two: Research  

Have you made a choice about where you’d like to live? Researching towns is an important part of the process. You will want to evaluate average home prices for the area, consider potential property taxes, crime rates, and school ratings, and, more personally, determine the proximity to amenities that are important to you. 

Step three: Set a Timeline 

Just like registering for a race inspires a runner to kickstart their training, establishing a homebuying timeline can help a prospective homebuyer kickstart their preparation! Most importantly, be sure to set a realistic and achievable goal. If your aim is to purchase a home within two years, think about what you will need to do over the next 24 months to make that a reality. Are you allowing enough time to improve your credit score? Is there enough time and money each month to save for an ideal down payment?  

Step four: Take Action 

With a prospective closing date in mind, do your best to stay on track toward your goal: 

  • If you haven't yet, you should check your current credit score. It is wise to figure this out as soon as possible. Once you know, you will be able to see where you need to do work to improve it. Whether it is paying down credit cards, or enlisting the help of a credit repair service, your credit score is crucial to the mortgage application process. It is best to start preparing now! 

  • It is wise to start saving what you can, even though there are loan products that offer little or no down payment options. Remember that there will be closing costs, moving expenses, as well as repairs and furnishings to include in your budget. For a goal of collecting $20,000 over the next two years, you would need to save $833 each month. If you can’t find room in your budget to set that aside every month, consider extending your timeline a bit longer. If someone in your life will be gifting you funds to assist in the home purchase, try to discuss what that amount will be, so you can adjust your own savings plan accordingly. (If you plan to use gifted funds, you will need to have a gift letter documenting it; your Norcom Loan Originator will be happy to assist you with preparing one.) 

Step five: Talk to your Loan Originator 

Following these preparatory steps, you will be in a good place when you are ready to start the official home buying process. When the time is right, talk to a trusted Norcom Mortgage Loan Originator about getting pre-approved!

Apple and Amazon would like us to believe that for any question we have, a quick “hey Siri” or “Alexa” will unveil a perfect and concise answer. That may be true if you are asking about the weather or to turn on music, but what if your question is something like “What is the difference between a mortgage pre-approval and pre-qualification?” or “What credit score do I need to have?” and “What is my down payment requirement?" These questions require asking someone with much more experience; you need to talk to a loan officer! 

It turns out, most American consumers feel under-educated about the mortgage process, according to a Fannie Mae survey* released this month. Some common questions surrounding homebuying are about credit scores, down payments, debt-to-income ratio, and homebuyer assistance programs. 

Fannie Mae reports: 

“Although the usage of online sources of mortgage information is becoming more common among consumers, they still:  

  • Overestimate the minimum credit score necessary to qualify for a mortgage;  

  • Overestimate the minimum down payment necessary to qualify for a mortgage; and  

  • Remain unfamiliar with low down payment programs.” 

What does this mean? Fannie Mae says that misperceptions about the mortgage process could be holding potential homeowners back. People who would like to own a home assume it is not a possibility for them, despite being at a qualifying level. 

Norcom Mortgage wants everyone looking into the homebuying process to know that we are available to answer all questions! Please reach out to your loan officer or call 1-855-Norcom1 to speak to an experienced professional about your situation. You may already qualify, or we will share the steps you can take to make your dream of homeownership become a reality! 


*See the full survey at Fannie Mae Housing Survey Results - Consumer Understanding Research.

There is a lot to think about when planning a move. Not only do you have to think about the style of the house and the number of bedrooms, but a smart homebuyer must also consider whether the neighborhood meets their needs. Do you want to live in a tight-knit community where everyone knows each other by name and your next-door neighbor would lend you a cup of sugar in a pinch? Or do you desire a more secluded neighborhood where everyone minds their own business?

There is no such thing as a perfect neighborhood and every zip code has pros and cons. You might love a house, but if it’s in a troublesome area, it may have a negative impact on your day-to-day life, as well as the resale value of the home. We’ve outlined several red flags below to be aware of while checking out a potential new neighborhood.

1. Too many houses on the market?

A neighborhood with an abundance of homes for sale indicates there may be something causing homeowners to leave. It could be something about the neighborhood itself, such as social issues like increased crime or falling school ratings, or gentrification of the area raising living costs and reducing affordable housing options. Alternatively, there could be many houses up for sale because of the homes themselves. If a neighborhood was developed all around the same time period and the homes appear very similar, it could be evidence that the houses were constructed by the same builder. Therefore, the homes will age at the same rate and may run into similar repair issues. Multiple homes for sale in this type of development could indicate they were built with poor quality. Think about this when wandering through a potential neighborhood!

2. Are the homes and yards in good condition?

A well-maintained property is a sign that homeowners care about where they live. It doesn’t matter if the homes on the street are 1,500 square feet or 10,000, it is obvious to see when a community cares about their neighborhood and its perception. If you feel that all the other homes on a street are in disrepair and the yards are dead or overgrown, you may want to avoid moving into this area. It’s likely that a neighborhood such as this may lead to falling home values as well, so think about your investment before making a purchase.

3. Less-than-stellar school ratings?

Have you taken a look at ratings of the surrounding schools? Just like the previous red flag, you can tell a lot about a potential neighborhood by looking at the nearby schools. A shrinking school system may suggest an aging population, or it could signify school quality and the community’s attitude toward public services in general. If you have children or are thinking of starting a family, you will want to pay special attention to school ratings online or ask on community social media pages.

4. Where are all the people?

If you attend an open house in the neighborhood where you are thinking of moving, take note of how many people are out and about. Did you see any kids playing in a yard or residents spending time on their front porch? This could demonstrate the culture of the neighborhood, or it could indicate that residents do not feel safe spending time outside in this area.

5. How are the streets and sidewalks?

It is common for residential streets to have some potholes or crumbling sidewalks in areas, especially if your region experiences harsh seasons. However, an excess of infrastructure issues could indicate a town or city is lagging in public services. If house hunting in the spring or summer, you won’t necessarily know how the town will maintain the roads in the middle of winter. If a street light goes out and you call the city works department, will they see to a repair, or neglect this neighborhood? See if you can talk to any potential neighbors to ask these questions.


If you are relocating, remember to look beyond just the house, and evaluate a neighborhood as a whole. Check for the red flags on this list, and if the neighborhood passes the test, it could be great for your next home! Call your loan officer today to get pre-approved for the home, and neighborhood, of your dreams!

How to Have a Successful Tag Sale

May 30
Category | General

We’ve written before about decluttering your home. Why not take the stuff you no longer have use for and try to sell it? A tag sale (or garage or yard sale, depending on your location) can seem like a lot of work to set up but turning your extraneous items into spending money makes it worthwhile! Plus, you’ll know that your old belongings are going to a new home instead of a dumpster. Follow these tips to help run a successful tag sale: 

Pick a Date 

Pick a date well in advance to allow for advertising your sale. Typically, an early morning start on a Saturday works well. 

Coordinate with Neighbors  

Reach out to your neighbors a few weeks in advance to see if anyone else on your street is interested in hosting a tag sale. Coordinating all sales for the same day or weekend is a great way to increase the turnout for everyone involved. 

Check on Town Permits 

Some towns may require advanced notice or a permit to hold a tag sale. Check your town/city government website or give the clerk a quick call to see if this is required in your area. 

Have Weather Plans 

Consider where you plan on holding your tag sale. If it is outside, you’ll want to think about having two dates for your sale, either on consecutive days or consecutive weekends. This gives you some flexibility if there is poor weather on day one. However, if you have a large barn, garage or pop-up canopy tent, you may have more flexibility regarding the weather.  

Advertise on Facebook 

Use the power of Facebook’s social network! You can make a post or event for your tag sale, as well as create a listing in Facebook’s Marketplace. Also, if you belong to any town or community groups, be sure to post your tag sale details on each one. 

Use Price Tags? 

This is a point of contention among many people who have had a tag sale. Here are some pros, cons, and our advice for the best method. 

  • Adding price stickers 

  • Pro: shoppers may prefer to know your asking price on each item without approaching to ask 

  • Pro: knowing an item’s price could result in multiple shoppers creating a “bidding war” over a desirable item, offering to pay over the written amount 

  • Con: it can be time consuming, especially if you have many smaller items for sale 

  • Not adding price stickers 

  • Pro: less set up work 

  • Pro: shoppers may offer to pay more than what you would expect to make on an item 

  • Con: people are more likely to try to bundle multiple items into one offer price which may come out to less than you are hoping for 

  • Our recommendation: Don’t put price stickers on each item, but do keep a master list of all the items for sale (with a short description if there are multiples) and your desired price. This gives you the upper hand as the seller when fielding offers on a particular item and helps you to determine if you should accept or reject the offer price. 

Clean Your Items 

The items you are trying to sell should be considered “move-in-ready" for any potential buyer. Remove dust that has settled, wipe off smudges, and check that any furniture drawers are empty. If you are selling upholstered furniture, give it a gentle clean and make sure it is free of any odors. 


After your tag sale ends, you’ll have a good bundle of cash that you can use to treat yourself to a refreshing iced tea, or perhaps use what you have earned to start the savings for your next down payment. Reach out to your Norcom loan officer today to talk about pre-approval and learn what you’ll need to save for your next dream home, now with less clutter!

After a chilly winter and a rainy spring, many people cannot wait to break out their grills and tidy up their patios for fun weekend BBQs! Whether your barbeque hang out spot is a raised deck, your yard, an apartment rooftop, or a fully functional outdoor kitchen, these tips can help everyone make their space more inviting and enjoyable for gatherings all summer.

Add weatherproof furnishings:

  • Gone are the days when “patio furniture” means wobbly, white plastic chairs. The market has expanded to include so many weather proof options from dining sets to "zero gravity” lounge chairs. Outdoor furniture also experiences a lot more wear and tear than indoor counterparts. High-quality pieces should either be brought into a shed or garage in extreme weather or secured and covered with heavy-duty tarps.
  • Design an inviting, natural space by hanging outdoor grade string lights overhead. Solar-powered path and garden lights also help guests avoid stepping in newly planted flowers or veggie patches once the sun goes down!

Create shade:

  • If you want to shade a picnic table, go with a classic patio umbrella. As assortment of colors are available to match your outdoor décor. Be sure to always collapse your umbrella at the end of the party though, as these can easily blow away in a windy storm!
  • If you want to invite shade over a larger area, opt for a rectangular or triangular “sail shade.” This unique way to cover your space can be secured to any structure, such as fences, trees, roofs, or posts, to provide shade underneath.
  • A pergola can be a beautiful addition to a back yard or patio and, with some convenient climbing vines to block out the sun's rays, makes a comfortable shaded area to enjoy.

Keep bugs away:

  • Add ambiance and keep bugs away with homemade bug-repellant luminaries. Fill an empty mason jar with a couple slices each of lemon and lime and a couple sprigs of rosemary. Fill the jar with water and top with a floating candle. Placing these luminaries around your BBQ will keep your guests happy!
  • Decorate with lavender and basil plants. They give off aromas that naturally repel insects.
  • Provide bug spray options for guests to apply if the mosquitoes decide to join the party despite all your defenses!

Don’t forget the drinks:

  • If you don’t have a cooler large enough for your get-together, fill a wheelbarrow with ice and your favorite bottled or canned drinks!
  • Tap a watermelon keg! If you carve out a watermelon to fill with your favorite juice or adult beverage, you can install in a keg tap right into the rind of the melon. Consider using some of the watermelon itself to make a frosty, melon-flavored punch.

Try a delicious new recipe:

Have fun!

  • Lawn games such as cornhole and giant Jenga are great for kids, as well as parents. There’s nothing like a healthy competition to keep your party going into the wee hours of the night!
  • For a quieter evening BBQ, host an outdoor movie. Ask guests to bring blankets and lawn chairs to settle in for a single or double-feature! Tie it all together by incorporating the theme of the movie into your BBQ décor and food choices.

If you’re dreaming of a new home with the perfect backyard grilling spot, talk to your loan officer today to pre-qualify and see how much you could qualify for. Your best summer yet could be just one conversation away with Norcom Mortgage.

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