Saving for a home doesn’t require extreme budgeting or giving up everything you enjoy. It comes down to understanding your numbers, building a few solid habits, and being realistic about what “affordable” actually means. Start with your real numbers: Before setting a savings goal, look at your last few months [...]
When it comes to buying a home, there are different types of loans offered by lenders to consumers. Of course, keeping track of them all can confuse homebuyers, especially if it's their first time purchasing a house. Fixed Vs. Adjustable All loans adhere to either a fixed or adjustable mortgage [...]
You’ve decided to go for it. Buying a home can be thrilling and nerve-wracking at the same time, especially for a first-time homebuyer — it’s difficult to know exactly what to expect. The learning curve can be steep, but most of the issues can be resolved by doing a little financial [...]
Spring is upon us! This is the prime time of year for house-hunting. There is a host of information on how to make the purchasing decision. It is so easy to say yes! when the home of your dreams is sprawling at your feet. Here are some mistakes many first-time [...]
Buying a house is already stressful, and being ill-prepared heightens the anxiety. Why put yourself through this? Learn how to think like a lender and educate yourself on the best ways to get your mortgage loan approved: Know Your Credit Score It literally takes a few minutes to pull your [...]
First-time buyers, repeat buyers, homeowners looking to refinance—anyone who can meet the minimum program requirements is eligible for an FHA loan. Here are some great reasons to consider an FHA loan. Low down payment: Borrowers may only need a 3.5% down payment, rather than the 10% or even 20% you may [...]
Whether you are a first time buyer or experienced in real estate, when considering buying a home you should always be prepared. A checklist of necessary tasks could prove invaluable to you. Consider these things before purchasing your first (or next) home! Price Is it reasonably within your price range? [...]
Buying a house is a little bit like dating. You don’t want to fall in love only to realize you can’t have the home of your dreams. Consulting a mortgage lender should be the first step in your home buying journey because it establishes reasonable expectations and provides proper financial [...]