Author Archives for Eric Khan

About Eric Khan

Eric Khan is a Senior Mortgage Banker licensed in 23 states. Eric has been in the mortgage industry for over 10 years, and can be contacted by phone at 203-783-4593 or by email at [email protected] NMLS# 184348.

Understanding Zero-Based Budgeting

August 21, 2015 2:57 pm Published by Leave your thoughts

When you think of the word “budget,” it can feel like financial jail. Many people are afraid of getting locked into a money plan that leaves them nothing for anything other than the bare necessities. However, understanding your finances is key to buying your first house and creating a budget is the first step. The... View Article

4 Fast Solutions for Last Minute Mortgage Problems

July 23, 2015 4:22 pm Published by Leave your thoughts

Getting a mortgage can be stressful, especially when last-minute issues crop up that can stop the process in its tracks. These surprises are unpleasant, but they don’t have to spell disaster for your mortgage if you act quickly. Problem: Additional Documentation is Needed Your lender calls you days before closing and requests additional documentation. This... View Article

What Does It Mean to Be Pre­-Approved for a Mortgage?

June 30, 2015 12:16 pm Published by Leave your thoughts

Wouldn’t it be nice to know what you can afford before shopping for a house? With a mortgage pre-­approval, this is exactly what happens. Getting pre­-approved for a mortgage isn’t required to look at properties or bid on a home but there are advantages to meeting with a lender beforehand. Pre-approvals help eliminate the guesswork when shopping for a... View Article

How to Simplify the Home Buying Process

June 25, 2015 10:00 am Published by Leave your thoughts

As a first­-time home-buyer, the home buying process can be intimidating and stressful. This is brand new territory for you. And since you don’t know what to expect, you might not realize how slow and complicated the process can be. But even if you’re new to the “home buying game” and slowly learning the ropes,... View Article

5 Reasons to Refinance

5 Reasons to Refinance

June 8, 2015 2:01 pm Published by Leave your thoughts

Refinancing a mortgage means applying for a new home loan with an existing lender or a new bank, waiting for an approval, and paying closing costs. It’s exactly the same process as getting the original mortgage. From start to finish, it can take a few weeks to complete a refinance — which can be annoying.... View Article

3 Reasons for Rejection After Preapproval for Mortgage

May 26, 2015 10:57 am Published by Leave your thoughts

Between higher credit score and down payment requirements, getting a mortgage has become more challenging in recent years. Therefore, finding out you’re pre­approved for a mortgage might be the best news you’ve heard all year. A pre­approval involves a mortgage lender reviewing your income, credit and debt to determine whether you qualify for a mortgage... View Article

Will Investing in Real Estate Get You the Best Return?

May 12, 2015 4:20 pm Published by 2 Comments

Whether you’re building personal wealth or planning your retirement, a savings account isn’t going to offer the return you need for a comfortable lifestyle. A savings account provides a safe place to park your money, but even if you choose a high-yield savings option, such as a certificate of deposit or a money market account,... View Article