Home Mortgage Loan Basics

If you’ve been thinking about buying a home, you’ve likely been thinking about how you’re going to pay for such a large transaction. Some people choose to pay the full asking price in cash to avoid any financing or monthly payments. For most people, securing a home mortgage loan is how they cover the first … Continued

6 Steps to Buying a Home

Lack of preparation can rob you of the excitement that comes when you are buying a new home. Don’t let this happen to you! Take some time to read up on the steps to buying a house before you start the search for your dream home. Step One – Save Money Not many people can … Continued

8 Questions to Ask Your Agent

The right real estate agent can help educate you about your market and analyze your preferences to guide you to homes that meet your criteria. They also coordinate the work of other professionals, negotiate on your behalf, maintain paperwork deadlines, and solve problems that arise. Ultimately, they are there to ensure that your home-buying process … Continued

Opting for New Home Construction

If you decide to build a home rather than purchase an existing one, start by identifying what type of architectural styles appeal to you. Ask friends for referrals. Verify the builder’s state license status if applicable, and check to see if they are certified by the National Association of Home Builders. Even if you are … Continued

Your “Home Wishlist”

As you begin searching for the “perfect home”, your agent will ask you about your needs and wants. To prepare you, look over this list and analyze what you value in a home. Features: Age: Do you prefer historic properties, or newer ones? Style: Do you have a special preference for ranches, bungalows, or another … Continued

How Much House Can I Afford?

When you meet with your lender, consider your lifestyle and spending patterns and leave a little room for the unexpected (repairs, landscaping, furnishings, etc.). The lender’s decisions are based on formulas- historically, banks use a ratio called 28/36 to decide how much you can borrow. An approved housing payment couldn’t be more than 28% of … Continued

8 Steps to Buying a Home

1. Decide to buy: The purchase of a home is the best “accidental investment” people can make, because it lays the foundation for a life of financial security and personal choice. Equity buildup, value appreciation, and tax benefits rank among the best reasons to buy a home. Additionally, consider the following facts: If you are … Continued