5 Things You Didn’t Know About Down Payment Assistance Programs
Buying the home of your dreams in this economy is no easy decision. Home prices are at their all-time high, and saving for a down payment is a real challenge for most people struggling to make ends meet. Many Americans still mistakenly believe they should save up as much as a 20% down payment just to stand a chance of buying their dream home.
Married. Now What? Breaking Down The Real Estate Options for Newly Weds
After marriage preparations and celebrations are done, the next step for newlyweds is to look for a comfortable place to settle down. If you and your spouse decide to buy a house over renting one, you might be wondering where to start in the home-buying process.
The 7 Mistakes Homebuyers Make During Underwriting That Delay the Process
Getting a mortgage loan to buy a house is a multi-step process. First, you apply and may receive your pre-approval letter. This means that the lender has reviewed your finances and would most likely be willing to lend you a certain amount. Then you make your offer, the seller agrees, and you enter the underwriting phase.
Home Purchase Checklist for First-Time Home Buyers
Buying a home for the first time is an exciting and daunting prospect. There are many things to consider and it can be hard to know where to start. Do you want a fixer-upper or a turnkey home? What kind of neighborhood do you want? What can you afford?
The 5 Mistakes Homebuyers Make and How to Prepare for a Flawless Home Purchase
Buying a home for the first time is a huge ordeal. For most, it is more financial planning than they have done in a lifetime. Preparing your down payment, considering how much house you can realistically afford, judging the market, and then finding a great house where you’ll love to live is quite the project…
The 411 on Down Payments: Everything You Need to Know
Regardless of the amount of your mortgage, you must at least save some cash as a down payment for your loan. Historically, the norm was that purchasers should put down 20% of the purchase price. That’s a fine figure to go for, but if the house is pricey, or your resources are limited, it might not be possible. So, what exactly is a down payment and how should you determine how much is right for you?