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Is one of your 2024 New Year’s resolutions to buy a home? If so, good for you! There are plenty of fantastic short- and long-term benefits that homeownership offers. The sooner you start planning, the better your chances will be of making good decisions, securing a mortgage, and getting into the home you want. Upfront … Continue reading Preparing Your Finances for a Successful Home Purchase in 2024
Buying a house is the biggest investment many of us make in our lifetime. It’s only natural (and smart) that we’d want to be as careful with our money as we can. One of the many decisions to make when you’re planning to buy a house is whether you should buy or build. Both choices … Continue reading To Build or To Buy? Home Construction Loans vs. Mortgages
While millions of Americans chase the dream of owning their own home every year, it can be a challenging process. First-time homebuyers especially face obstacles that can derail their plans. Low credit scores, high debt, and no savings for a down payment are a few of the many issues that can cause their homebuying journey … Continue reading The Benefits of a Cosigner on Your Homeownership Journey
Yes, the current interest rates might make you cringe at the thought of higher monthly payments and consider postponing your homebuying plans. But before you throw in the towel, you may be surprised to know there are some benefits to buying a home when interest rates are high. Let’s look at 5 advantages of buying … Continue reading 5 Surprising Advantages of Buying a Home in a High-Interest Market
If your elderly parents don’t qualify for a mortgage loan, you may be considering purchasing a home on their behalf. The good news: There’s help for this situation from the Family Opportunity Mortgage by Fannie Mae. Is it right for you? Let’s give it a closer look. What Is the Family Opportunity Mortgage? Fannie Mae … Continue reading Buying a Home for Your Aging Parents? Consider the Family Opportunity Mortgage
If high home prices are threatening to derail your homebuying journey, you may be tempted to purchase a fixer-upper. While these properties may need love and attention, they can be great choices for some people. However, they can also be money pits that can quickly turn into buyer’s remorse. Before you opt for a home … Continue reading Should You Buy a New Home or a Fixer-Upper? Use These Tips To Decide
If you’re carrying student loan debt, you may wonder if you should pursue homeownership. Well, you’re not alone. There are millions of hopeful first-time homebuyers who are dealing with cumbersome student loans. What effect will your student loans have on your ability to get approved for a mortgage and buy a home? Let’s answer that … Continue reading Buying a House When You Have Student Loan Debt
How big of a house should I buy? That’s one of the many decisions a homebuyer must make, and numerous factors affect the answer. Whether you’re a first-time homebuyer, or looking to upgrade or downsize, these tips will help you figure out how much home your family wants, needs — and can afford. Consider Your … Continue reading Finding the Perfect Fit: Navigating the Search for the Right-Sized Home for Your Family
The real estate industry is complicated. You’ll undoubtedly hear lots of unfamiliar terms during the homebuying process. One of them is escrow fees. What does that mean, and how does it affect you? Read on for a full explanation of what escrow fees are, who pays them, and how much they cost. What Are Escrow … Continue reading Everything You Need To Know About Escrow Fees Before Buying a Home
Buying a home is often the biggest financial investment consumers make in their lifetimes. If there’s one piece of advice to follow on the journey, it’s to avoid buying more house than you can afford. Here are some tips for setting financial boundaries when buying a house. Make a realistic budget Writing out a budget … Continue reading The Power of a Homebuying Budget: Why Setting Financial Boundaries Matter
If you’ve found a home you want to purchase and have settled on the deal with the sellers, you’ll still need to get an appraisal before closing. Here’s what you need to know about what an appraisal is and how it affects your homebuying journey. What Is a Home Appraisal? Most mortgage loans require a … Continue reading How Home Appraisals Impact Your Homebuying Journey
Is there a vacation spot you’ve enjoyed for years? Are you tempted to purchase property there, so you can enjoy it whenever you like? If so, you’re not alone. Many homeowners buy a second, vacation home in their favorite city or town. However, there are things to think about before you take the plunge into … Continue reading Top 5 Things To Consider Before Purchasing a Vacation Home
