Five Things You Should Do Before You Buy a Home Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be. Five simple things you should do before you buy a home.One of the first things you should do when you are considering buying a home is… Continue reading 5 things you should do before you buy a home
Pay attention to credit Before You Buy a Home 5 things you should do before you get serious. Buying a home can be a stressful and confusing time for many homebuyers.But it does not have it be.Five simple things you should do before you buy a home. Tip Number One: Know your credit score –… Continue reading Before you Buy a Home – Check your Credit
How to Use Gift Money for Your Down Payment You can use gift money from a family member for a down payment on your house.Whether you have been saving for a while to buy a home or are just wondering howmuch is enough for a down payment, you may be able to use gift funds… Continue reading How to use a Gift for a Down Payment
Is an Expanded Conforming Loan a Better Option Than aJumbo Loan? If you’re looking to buy in an area where home prices are a bit higher, you might need a slightlybigger mortgage loan to make your homeownership dreams come true. There are jumbo loans,but these often come with stricter guidelines and a higher down payment.… Continue reading Expanded Conforming vs Jumbo Loans
You Don’t Need 20% Down To Buy A Home It seems like you’ve been trying for years to save enough money for a down paymentfor a home. You’ve cut corners, taken lunches to work and yet, home prices continue torise and your dream of owning a home seems out of reach. Guess what? Maybe you… Continue reading You do Not Need 20% Down to Buy a Home
How Do Mortgage Rates Work? You may be wondering how mortgage rates are decided. Obviously, you want to make sure that you get the lowest rate possible, but how are mortgage rates determined, and what can you do to make sure you have a low rate? There are several outside factors that affect how mortgage… Continue reading How do Mortgage Rates Work?
You’re a senior, and you’ve discovered that your current home is no longer meeting your needs. You’d love to move to make life easier, but with home prices reaching historic highs, you simply can’t afford it. Fortunately, there is a way to double your purchasing power and move into a newer home. A reverse mortgage,… Continue reading Buying a Home with a Reverse Mortgage
Understanding FHA Minimum Property Standards When you move into a home, you have every right to expect it to be safe and ready for you to inhabit. Borrowers and lenders both benefit from FHA minimum property standards. While some are pretty basic, having these spelled out sets a minimum livability standard. The FHA’s minimum property… Continue reading FHA Minimum Property Standards
8 Things You Didn’t Know about the USDA Home Loan USDA loans are low-interest home loans with zero down payments designed for low-income Americans who don’t qualify for traditional mortgages. You must use a USDA loan to buy a home in a designated area that covers several rural and suburban locations. 8 things you didn’t… Continue reading 8 Things You Didn’t Know About USDA Home Loans
Advantages to Buying a Duplex Whether you are buying your first home, or a home to get your parents closer to you, you may want to consider buying a duplex. This may sound crazy, but there are several advantages to buying a duplex, including being able to live in one side and rent out the… Continue reading Advantages to Buying a Duplex
WHAT DO TO WHEN THE APPRAISAL COMES IN LOWERTHEN THE SALES PRICE In today’s market it is not unusual to make an offer on a house and have the appraisal come in lower than your offer. You may be wondering what you should do, and can you even get financing for your home if the… Continue reading What to do When the Appraisal Comes in Lower Then the Sales Price
2:1 Buydown Strategy is Marketed a lot –but it is a Good Idea? A “2:1 buydown strategy” is marketed heavily as a way to lower payments for a homebuyer since interest rates have jumped up. It can help sellers market their property and attract a buyer. It can help a buyer with lower payments in… Continue reading The 2-1 Buydown Strategy