There are few things in life as important as purchasing a new home. Owning property is a crucial step to building wealth and establishing a long-term place in a community. It is imperative to understand the home loan underwriting process to create the stability that makes you an acceptable risk for lenders. Few people have …
A good faith deposit in a real estate transaction is an amount of money that is offered to the home seller as an act of intent to buy. This amount is offered to the seller and set aside in escrow as a signal that the buyer is serious about purchasing the home. It is typically …
A home appraisal is a process of valuing a home or property. An appraiser will determine the property value based on a number of factors, including the materials used on the property, the property’s condition, the location of the property, and more. A home appraisal represents your home’s true market value and is performed by …
Much like a good wine gets more valuable with age, most properties do too. Much of the appreciation that a property sees is due to the location more than the physical building, the house itself does matter. Let’s take a closer look at what the appreciation rate for houses is and how it works. Key …
It’s the age-old question — should I rent or buy a house? The reality is there is no right or wrong answer. Individual circumstances and economic conditions will play a factor. There are pros and cons to renting or buying, so carefully weighing your choices becomes a priority. Here we will take a closer look …
Buying a home is not only a dream for most Americans but also a solid investment. Homeownership is the most accessible avenue for building wealth in this country. Many potential buyers often ask, is it worth it? What are the perks of buying a house? What about the cons? There are many considerations to examine …
Buying a house is an essential step in building wealth and financial stability. But it’s more than just picking out the home and signing a piece of paper—there’s a whole process to be followed with crucial steps along the way. This handy buying a new house checklist will help you to chart the entire course …
The acronym HUD stands for the Department of Housing and Urban Development, a governmental agency established in 1965 by President Lyndon B. Johnson as a policy and program to combat poverty. The Department was created to ensure that all individuals in urban areas can access quality housing that is affordable and available to all people. …
Heroes can be a part of any profession, but overall they are people who are selfless, generous, giving, and are committed to making others’ lives better and safer. Heroes are people who exemplify positive qualities and can set a good example for others. They are the models of society who we can look to for …
While homeownership is essential in building wealth, navigating the process can sometimes feel daunting. As a nurse, there are many questions, starting with the obvious—am I even eligible for a home loan? The fact is there are many mortgage loan options available for nurses. However, you will need to put in extra work. Here we …
If you’re currently a doctor or about to become a medical doctor (MD, DO, or sometimes DPM) or in some instances a dentist (DDS or DMD), you could qualify for certain home loans designed specifically for doctors. These medical mortgages offer advantages and benefits that a conventional loan often does not. Key takeaways Medical mortgages …
Homeownership is a financial commitment, but it’s also an investment. Owning a home is the most common path to building wealth for the rising middle class. It can be a daunting step to take, but you may be eligible for a series of programs and benefits offered exclusively to healthcare professionals if you work in …
Quick Guide to Home Loans for Healthcare Professionals Read More »
Do you have an expensive home repair or remodel to complete? Or maybe it’s time to send one of the kids off to college. Whatever the reason for needing an influx of money, a home equity loan may be a good option for you to consider. Key Takeaways Understand what a home equity loan is …
VA loans (backed by the Department of Veterans Affairs) are a type of loan offered to current and past service members. The VA itself does not loan the money but instead ensures a portion of it while VA-approved traditional lenders finance the loan. VA loans provide specialized programs and assistance for veterans and often have …
Can You Get a VA Home Loan With a 500 Credit Score? Read More »
When you are trying to decide on a career it benefits you to give a thought to one of the more rewarding fields available: early childhood education. Not only is being an early childhood teacher a fulfilling career but those in this field will also find an overabundance of benefits, both professionally and personally. Key …
What Are the Benefits of Being an Early Childhood Teacher? Read More »
When buying a house or a piece of property, a person often wonders, “Is now the right time to buy a house? Will I get a better purchase price if I wait? Could mortgage interest rates fall, saving me upwards of thousands of dollars? What if the market crashes? What does that mean?” There are …
When you think of buying a house, it can all seem overwhelming and sometimes even confusing. It seems like there is always something to read, something to sign, financial records to find, credits checked and rechecked, and the anxiety of everything involved. And then comes new terms that leave us wringing our hands in frustration. …
What Does ‘Under Contract’ Mean When Buying House? Read More »
Is it better to buy a house in the summer or the fall? What about buying a home around a holiday? If you’ve asked yourself, “When is the best time to buy a house”, we have some answers that you might be searching for. First and foremost, the best time to buy a house should …
Buying a house is one of the biggest, most exciting, and perhaps most stressful decisions you’ll ever make in your lifetime. It’s a huge commitment — physically, mentally, and especially financially. Adding to the stress is the fact that the costs of buying a home aren’t at all as straightforward as the listing price. That …
Buying a home can be nerve-racking, especially if you’re a first-time home buyer. These tips will help you navigate the process, save money and avoid common mistakes. We organized them into four categories: Mortgage down payment tips. Mortgage application tips. House shopping tips. First-time home buyer mistakes to avoid. Key takeaways Save early for a down …
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