Avoid Financial Pitfalls When Buying A Home
Avoid Financial Pitfalls When you buy a house, you enter into a long-term financial obligation. You fill out papers and sign legal documents based on those papers. It’s important that you understand your responsibilities so that you won’t be a victim, or a participant, in a fraud. When you apply for a mortgage loan, every.. read more →
A mortgage you can live with
Determining a Mortgage You Can Live With There are a few basic formulas commonly used by lenders to determine how much of a mortgage you can reasonably afford. These formulas are called qualifying ratios because they estimate the amount of money you should spend on mortgage payments in relation to your income and other expenses… read more →
How Much Home Can You Afford?
How Much Home Can You Afford? The single most important part of buying a house is figuring out how much you can realistically afford to pay. You’ll have to take a good look at your budget, debts, credit reports, and credit score. Once you have a good picture of your financial status, start saving as much money as.. read more →
Tips For Buying A Foreclosed Home
Homebuyers in the market for a deal on their dream home need two things: lots of patience and the stomach to do battle with investors. Any home that is in a decent area and priced right is facing keen competition in today’s market. Homebuyers in the market for a foreclosure need those qualities tenfold… read more →
Retirement Planning: Will Owning a Home Help You Retire?
There was a time when nobody had doubts about the value of owning a home. It was considered an incredible long-term investment and ideal for retirement. Today we know that real estate isn’t as safe as we once thought it was, at least as a short-term investment, and Americans, young and old, are.. read more →
5 Tips For The Best Home Showings
Home routines tend to come to a standstill while your home is on the market. The need to keep the house clean – and not scare potential homebuyers away – means that kids can’t throw their school books on the dining room table, Dad has to pick up his stinky socks, and even the pets.. read more →
Wells, Water Quality and Residential Water Testing
In urban and suburban areas where municipal water supplies are the norm, water quality is consistent from one home to the next. In more rural areas, however, water supplies must be carefully assessed to be sure they meet standards of healthfulness and abundance year-round. Springs and wells can be wonderful water sources, but certain.. read more →
What are HOAs and CCRs?
The acronyms “HOA” and “CCRs,” although they are used daily by real estate agents, may be unfamiliar to the average person. Let’s break down these acronyms and get you up to speed on what homebuyers should know. HOA HOA stands for homeowner association – a nonprofit organization that is funded by all the association’s.. read more →
The Advantages of Getting a Mortgage Preapproval
The homebuying process can be exciting, but also stressful. When there are a large number of buyers in the market for real estate, the odds of being able to purchase your desired home can be low. However, getting a mortgage preapproval prior to home shopping can dramatically increase the odds of success. Make Mortgage.. read more →
