Don’t get overwhelmed with one of the most important buying decisions in your life. We discuss new home financial topics including marketing information and the new home building, buying and selling processes.
You might think all appraisals are the same, but a buyer’s choice of financing has an impact on the process. It can affect who can perform the appraisal, the minimum health and safety standards the house must meet, and the cost of the appraisal. Appraiser qualifications Not all appraisers can …
The economy is strong, rates are still low, and the real estate industry is hot. For people wanting to purchase a home but struggling to scrape up the down payment, there is hope. Many people are aware that they do not need a 20% down payment. But, what you might …
It’s no secret that buying a home is one of the biggest financial decisions you will make in your lifetime. It may also become one of the busiest times in your life as well. In this busy, modern world many of us shop online for goods and services, such as groceries …
Etiquette experts agree that giving someone a gift of cash for a birthday, graduation, or wedding celebration is commonplace. But, did you know that it’s also common to receive a gift of cash for a down payment on a home? In fact, in 2017, the National Association of Realtors Profile …
According to a report by The Lenders Network, the average down payment in 2016 was 6%. If this is similar to the percentage that you plan on putting down, then your loan will require mortgage insurance. Mortgage insurance is a type of insurance that is required by the lender when …
If you have recently been on a personal finance site to check your credit score and then applied for a mortgage you may have been surprised at the difference in your credit score. That’s because more often than not, the score you received from the personal finance site is going …
Piggyback mortgages that is, not the ride children love. Piggyback mortgages, a.k.a. second mortgages, are a loan that rides on top of your primary mortgage. In combination with your down payment, these mortgages allow you to avoid paying private mortgage insurance (PMI). They were extremely popular in the early 2000s …
If you thought buying your home was tough, selling your first home can be just as daunting. Make the process easier and more profitable by avoiding some common first-time home seller mistakes. Mistake 1: Emotional attachment Becoming emotionally detached from your home is one of the hardest things to do …
Home prices Thinking about buying a new home in the next few years? Moving up your timetable could save you money. As of February 2018, Zillow states home values have risen 7.6% in the last 12 months. It also predicts homes values will continue to rise another 3.5% in the …
Ever been on a relaxing vacation watching a glorious sunset and wished you could own your own vacation home? If so, you are not alone. According to the National Association of Realtors Vacation and Investment Home Sales: A breakdown for 2017, thousands of buyers felt the same way and turned …