You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there can actually… Continue reading WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU?
You have been thinking for quite sometime about buying a new home. You are sitting on the couch talking with your family and you say, "the housing prices are go ing down in 2019 so I think we should wait" and another family member says, "I heard the interest rates are going up so I… Continue reading Which is more important Housing Market Prices or Mortgage Interest Rates?
Let me paint a picture for you, imagine you have found your perfect home...
What is an appraisal? A home appraisal is an unbiased estimate of the true (or fair market) value of what a home is worth. All lenders order an appraisal during the mortgage loan process so that there is an objective way to access the home’s market value and ensure that the amount of money requested… Continue reading Should You Remove the Appraisal Contingency When Purchasing Residential Property?
So, you’re ready to take the ultimate step and buy your own home. Whether you are buying a single-family home, condo or townhouse here are a couple of tips that will help you get the home of your dreams and take away some of the stress with the purchase of a home. Let sellers know… Continue reading January 2018 – New Year – New Home Buyers Looking to Purchase Property