- Knowing Is Half The Battle| Leave a Comment
If you are interested in finding your first home, the worst thing you can do is just start looking around. Why? Because you might be setting yourself up for a big disappointment. If you start looking without knowing what your actual budget is, you will have no idea what sort of home, or which areas [...]
- First, Pay Off Old Debts| Leave a Comment
If you are looking into purchasing your first home, you might be tempted to start saving every penny you can for your down payment. But in reality, there are some other payments you should be making first…
If you have any outstanding debt, the time to pay it off is now. Not only will a reduced [...]
- Beware of Longer Term Mortgages| Leave a Comment
As you know, there are a lot of different mortgages on the market these days, and it can be tough to know which one is right for you. Some people swear by the traditional 25 year mortgage, meaning that your house will be completely paid off in a quarter of a century. But recently, companies [...]
- What is Preapproval for a Mortgage?| Leave a Comment
So, you have decided to buy a house. You have been renting for long enough, and you want to have a place to call your own. You have been saving for years for the down payment, your credit is in good shape, and you have enough income to comfortably make the payments on a mortgage.
So, [...]
- How Much Down Payment?| Leave a Comment
In the old days, the question of how much you should put down for a down payment on a home was simple – ten percent. But these days, ten percent of a home’s value is a lot of money, and many homebuyers searching for their new home simply do not have that kind of money [...]
- Fixed or Adjustable?| Leave a Comment
If you are looking for your first new home and are reviewing mortgage materials, you might be wondering if you should sign up for a fixed rate mortgage or an adjustable rate mortgage. Which one makes the most sense?
A fixed rate mortgage means that your rates are fixed in place for the length of the [...]
- Don’t Miss Out On Extended Tax Credit| Leave a Comment
I’ve mentioned this before, but I want to make sure that anyone interested is aware in time to take advantage of this great opportunity.
Basically, as part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that…Extends the First-Time Home Buyer Tax Credit [...]
- Time to Expose and Debunk Refinance Myths| Leave a Comment
Many times, what we know about refinancing (and mortgages in general) comes from what our family, friends, and coworkers are continually telling us. While it’s a good idea to seek advice from people you trust, be careful to avoid outdated information and, more importantly, information that is wrong altogether. The housing market is always changing, [...]
- Good News: Home Buyer Tax Credit Extended| Leave a Comment
If you haven’t already heard, Congress has extended and expanded the home buyer tax credit. This means extra time for those of you who weren’t able to close by the original December 1, 2009 deadline, and an added credit if you’re a current homeowner looking to purchase.
Why is this such good news? Because there has [...]
- Is a Condo the Choice for You?| Leave a Comment
While you may have already found the perfect condo for you and your family, you still want to explorer the possibilities of this purchase before you sign on the dotted line. Many people planning to purchase a new home forget to do their homework and either end up with less home for their money or [...]
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