Here are some practical things to consider when getting a home loan. Say NO to “easy money.” Beware if someone claims that your “credit problems won’t affect the interest rate.” If an offer is really appealing, get it in writing and then seek a second opinion. Shop around. Always talk [...]
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? [...]
Getting approved for a loan and purchasing a home can be a difficult ordeal for anyone, but this is especially true for people who are self-employed. Although it can seem impossible, preparation can make all the difference. Can You Verify Your Income? You will need some documentation to verify your [...]
When you're nearing the time to buy a home, you probably have a lot of questions. The housing marketing is steadily improving, and this signals a great time to buy. If you're not sure if it's the right time, ask yourself the following questions: Where Are You Now? Many things [...]
When it comes to purchasing a home, myths and urban legends abound. Get your mortgage facts straight. Here are some common misconceptions about that crucial first step to owning your own home: You Need Perfect Credit The idea that you need a spotless credit history to own your own home [...]
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 [...]
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 [...]
When you’re still trying to finish up school or get settled into a career, renting a home or apartment is the easiest. But, if you plan on setting roots where you are, owning a house can be just as affordable as renting – if not more beneficial. To decide this, [...]
As the economy continues recovering, the face of homeownership is changing. Increasing numbers of people choose to rent rather than buy; especially young college graduates, newly married couples, or small families. The question of whether to rent or buy can get complicated because it depends on more than money. Choice [...]
Buying a home can be one of the most stressful journeys of your life. With all of the doubt, questions, and unknowns, there is much to worry about. Will we have enough money? Is this the right house? Is this the right neighborhood? Are we paying too much? It is [...]