Top 6 Benefits of Living In a Condo vs an Apartment
Urban living is an enjoyable lifestyle for many. Many people prefer to live in a perfectly sized space inside a greater building and community of other homes. The shared building means there are always people to say hello to in the hall and trade neighborly favors over time. While most people achieve this by living in a luxury apartment, this strategy has a few inherent downsides. An apartment does not belong to the resident, and there are some things you just can’t do.
How to Start Saving for a Home in the New Year
Was your New Year’s resolution to save up for your first home? Buying your first house is a huge achievement, and part of that is the financial commitment. When you are ready to submit a sales contract to purchase a home, you must include an earnest money deposit. Once the contract ratifies and in many cases in order to settle on the home, you must have the down payment. That down payment needs to be somewhere between 5% and 20% of the total home’s sale price, which means thousands of dollars saved for a nice home.
What Are the Hidden Costs of Buying a Home in DC?
Buying a home is a huge decision for everyone. It gives you the ability to settle down permanently without monthly rental payments. The money you pay is an investment in your future, not in your present. However, at First Savings Mortgage of D.C., we often see and hear of people choosing to rent because they feel that the “hidden costs” of home buying will be more than they can handle. For this reason, we are shedding light on the mysterious question of, “What are the hidden costs of buying a home in DC?” The truth may surprise you.
Six steps to prepare for a mortgage pre approval
Being approved for a mortgage can be complicated, but with the right preparation, you can simplify the process. It’s all about knowing what’s involved, what to expect, and taking action to correct any outstanding issues. Here are the 6 steps to set yourself up for mortgage pre approval and a smooth journey towards homeownership:
7 Things You Must Prioritize When Buying a House
When it comes to buying a house, you’ll need to rearrange your priorities to achieve this goal. This means you’ll need to say no to frivolous purchases and dedicate yourself to delayed gratification and self-discipline during the process. Here is a list of 7 things you must prioritize when buying a house..
What is the Difference between Homeowners Insurance and Title Insurance?
When it comes to insurance for your home, you are going to need two different types. You are going to need homeowner’s insurance and title insurance. These are totally different and protect you and your home in different ways.