Escalation Clauses

You have finally found the house that you spent months looking for, only to realize that you may not get it. Right now, we are in a seller’s market. Homes are on the market for days, only to have multiple offers placed on them. Many people are putting in several contracts, only to come out without a home. Because of this, many real estate and mortgage professionals are putting escalation clauses in their contracts.

What It Means to Lock in a Rate

Buying a house is a big deal. It is not a decision that you should jump into lightly. That being said, when you decide that you are ready to buy a home, it is important that you have a real estate professional by your side. He or she will be able to help you find the perfect home at a price that you can afford.

A Quick Guide to Private Mortgage Insurance

Just what is PMI, and why does it add a monthly or initial cost to your mortgage? Here is a quick guide to answer all your essential questions about private mortgage insurance.

How to Know if You’re Purchasing the Right Home

Purchasing a home is a big decision for any person or family. In addition to the financial commitment, you are also committing to a house that will be your home for several years, maybe even a lifetime. How do you know that it’s the right house?

5 Home Furnishing Mistakes First Time Home Buyers Make and How to Avoid Them

As a first time homeowner, furnishing your home can prove to be a rather daunting task, given there are a myriad things to consider before it acquires the appeal you envisioned. Most homeowners either underestimate or overestimate things like space, furniture, and even the ideal décor for their new home.

What Makes Up A Mortgage Payment?

There are four components to a mortgage payment, and understanding how much of your payment goes to each can help you better understand when you will be able to pay it off.