5 Major Expenses to Prepare for When Buying Your First Home If you’re getting ready to purchase your first home, it’s important to be aware of the expenses you’ll encounter before reaching the final closing table. Some costs must be…
Protecting Your Home Purchase with Contingencies When buying a new home, you have the opportunity to include several contingencies in the purchase contract to safeguard your interests during the process. A contingency is a condition that must be met for…
The biggest question those considering homeownership need to answer is simple: Should I buy or rent my home? Here is a look at the pros and cons of each. Buying Pros: Your monthly payment builds equity, or ownership, of the…
Considering a Non-Occupant Co-Signer for Your Mortgage If your credit, debt, or income is keeping you from buying a house, you might be tempted to have someone in a more stable financial position help with your loan application. A non-occupant…
Do you dream of homeownership but can’t come up with the required down payment? Don’t worry. You may be eligible for a no money down mortgage. Some come with stipulations and others have eligibility requirements. Read on to learn more…
One of the first hurdles that potential homeowners must overcome is saving up a down payment. It can take years, depending on the home prices in your area and how much you want to put down. Down payments are usually…
Searching for and finding the perfect new home is just one step of the home buying process. Once you find the perfect home and have a sales contract, it is time to actually get to the business of arranging the…
FHA mortgages are great for homebuyers without a sizable down payment or with low credit. Each situation is unique and based on a combination of factors like income, credit, and the property’s value, but most lenders will consider FHA loans…
When purchasing a home, it is always a good idea to have it professionally inspected. Many lenders even require it as a condition of the loan. Home inspectors charge between $270 and $400, depending on the size of the home,…
Evaluating a potential new home’s features is just one part of finding the perfect place to buy. You should also carefully consider the neighborhood that you will be living in to decide if it fits your needs. Here are a…
