Purchasing rental properties can prove to be more difficult than purchasing an owner-occupied home. Lenders take a serious risk when they give you money for a home that you aren’t using as your own. Typically, homeowners pay their primary residence mortgage before they pay an investment property if they get into financial trouble. Compare Offers […]
What Are The Biggest Challenges Facing First-time Home Buyers?
First-time homebuyers have one distinct disadvantage – they don’t have any experience buying a home. The only way to get that experience is to jump in and give it a try. Before doing this, though, buyers should know what challenges lie ahead. Compare Offers from Several Mortgage Lenders. Low Credit Scores First-time homebuyers often have […]
Preparing Financially for a Home Purchase
When you decide you want to buy a home, you have many preparations to make. In other words, it is not a decision to take lightly. It is also not a decision you can act upon quickly. It takes plenty of time and planning. You must financially prepare yourself for what is probably the largest […]
Creative Ways for Sourcing Down Payment Funds
The down payment is often the barrier that keeps potential homeowners from buying a home. A common fallacy is that you need 20% down. You don’t always. Many programs allow much lower amounts. The VA and USDA loan don’t require any amount of money down. No matter how much you must come up with, there […]
Is it Smart to Buy a House in Cash?
If you are fortunate enough to be able to buy a home with cash, you are in a good position. You don’t have to worry about finding a mortgage company that will approve you or worry that a seller won’t like your choice of financing. There’s nothing better than cold-hard cash! Compare Offers from Several […]
How to Deal With a Low Home Appraisal Value
You bid on your dream house and the seller accepts it. Your excitement dwindles the moment you get the appraisal, though. The value is much lower than your offer. Now what? Will your lender let you buy the home? We discuss your various options below. Determine if the Appraisal is Right Your first step is […]
The Pros and Cons of Mortgage Credit Certificates
First-time homebuyers that are also low-income buyers may qualify for a mortgage credit certificate. While you have to pay for the certificate, it can give you a decent tax credit, helping you to lower your tax liability and therefore the overall cost of your mortgage. Get Matched with a Lender, Click Here. If you are […]
How to Protect Your Earnest Money Deposit?
When you find your dream home and put a bid on it, you may want to include earnest money deposits as an option. This lets the seller know that you are serious about purchasing the house. Before you go and offer the deposits, or worse yet, put them down, learn how to proceed. Just like […]
Things You Must Do Immediately After Buying a House
You signed on the dotted line and have the keys to your first home in your hands. You feel like you are on top of the world until you turn the keys in the lock and wonder, now what? Looking for Current Mortgage Interest Rates? Click Here. Moving into a new home is exciting and […]
What Documents do You Need to Buy a Home?
You are ready to buy a home – congratulations! Before you do, you’ll need to get yourself approved for a mortgage. This step is one of the most important steps you’ll take in this process, as it will determine how much the home actually costs you in the end. Looking for Current Mortgage Interest Rates? […]