Buying a home is stressful, especially when you’re trying to buy a home when money is tight. When life hands you lemons, it can be hard to secure conventional home loans from banks, credit unions, or other lending institutions due to one factor or another. Thankfully, there is another option. The Federal Housing Administration (FHA) …
Buying a home is a huge accomplishment—and a huge amount of stress. But it does not have to be if you have the right loan officer that will work with you and your financial needs to get you set up with a home loan. A loan officer is a representative from a financial institution or …
Home buying is stressful, but to add falling short of a down payment can be something akin to a disaster. When you don’t have enough money to cover a down payment, that throws a wrench into the whole home buying operation. Thankfully, there is help in the form of down payment assistance (DPA). Key takeaways …
The housing and financial industries are an ever-changing world and the rise in cryptocurrency has started a purchasing trend like no other. Professional athletes, like NFL tight end Sean Culkin, have converted entire salaries into bitcoin. This demonstrates the growing popularity of cryptocurrency and the new money trend of the 21st century. With the rise …
Making your first offer on the house can be intimidating and even a little bit scary. The process doesn’t have to be either of those things, though. Making an offer on a house can be boiled down to a few easy steps. Let’s examine them. Key takeaways Determine what you’re willing to offer and take …
There are several benefits to buying a newly constructed home. For example, new builds allow you more opportunities to customize your home. Plus, most newly constructed homes have less maintenance costs over the first few years. To ensure the best possible experience when watching your new home come to life, keep these important tips in …
Buying a home is one of the biggest financial decisions you can make. That’s why it’s important to not let these common myths get in the way of what’s best for you and your future. Key takeaways Buying a home is a big decision, and it’s important to do your research. Take time to think …
Choosing a home isn’t as simple as square footage or a number of bedrooms. When deciding which size house is best for you, keep these important factors in mind. Key takeaways Consider your values and priorities when looking for a home, not just square footage or number of bedrooms. Being open to a smaller home …
Finding your dream home can feel like looking for a needle in a haystack. Keep in mind these essential tips when searching for the perfect fit. Key takeaways Set a budget by getting pre-qualified for a mortgage before home search.Consider location: proximity to work/school, safety, preferred school district. Prioritize features like size, bedrooms/bathrooms, outdoor space, …
Buying a house is one of the biggest financial decisions you can make. Here’s how you can set the right expectations about the road ahead, along with some tips to help you along the way. Key takeaways Buying a home is a significant financial and emotional decision. Emotional lows include deceptive listings, open house …
The Emotional Highs and Lows of Buying Your Dream Home Read More »
Mortgage lenders check your credit at the beginning of the approval process, and they also pull your credit again right before closing. If the second credit check comes back the same as the first, the closing should stay on schedule. However, if the second credit check comes back lower than the first, or raises some …
What Happens if My Credit Changes Before Closing? Read More »
Homebuying is a massive financial enterprise. Generally, one of the first steps in the home loan process finds the lender presenting the borrower with a 4506 t form—a form that, when signed allows for the lender to request the borrower’s tax summary from the last couple of years. A common belief is that there’s no way …
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 …
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 …
Key takeaways Only buy a home if you can afford it and you plan to stay for at least five years. Emergency savings should be three to six months’ worth of expenses in a high-yield savings account. A down payment of 20% is ideal, and a lower debt-to-income ratio and higher credit score improve the …
Renting vs. Buying a Home: This Is Exactly How to Decide Which Is Best Read More »
First-time home buyers step into the market each year and make the same mistakes their parents, siblings and friends made when they bought their first homes. But newbie buyers today can interrupt the loop. Here are 12 mistakes that home buyers make for the first time — and what should they do instead. Key takeaways …
12 First-Time Home Buyer Mistakes and How to Avoid Them Read More »
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