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Is a Surveyor Worth the Investment for a Town Home Purchase?

Surveyor

Surveys are a vital investment when purchasing a single family home but are they worth the investment on townhouses? The purchase of a townhome is a substantial investment, requiring careful consideration of the costs and benefits. Hiring a surveyor to inspect the property is generally an essential step in the home buying process. While this can be an added expense, it is an important part of the process for a number of reasons. The ability to accurately assess the condition of the property and potential issues can save buyers thousands of dollars in the long run. Additionally, a surveyor can provide valuable information on the property’s boundaries, which could ultimately affect the value of the home.

Two Different Types of Mortgage Buydowns

Family in kitchen

Mortgage buydowns are options for borrowers who want to temporarily reduce their monthly mortgage payments. They are typically offered to entice borrowers during higher interest rates times. There are two primary types of mortgage buydowns that we offer at First Savings Mortgage: rate buydowns and payment buydowns. 

Explaining Mortgage Insurance

Couple talking to professional

The term Mortgage insurance could be referenced throughout the entire mortgage process and could have different meanings. Generally, the term refers to a type of coverage that helps the lender protect their interest in your home in the event that you can’t make your mortgage payments. We’ll take a look at the five different usages of the term mortgage insurance and what they mean.

Common Misconceptions Held By First-Time Home Buyers

Woman moving in

Getting ready to make the leap from renter to homeowner can be exciting. However, you may also feel overwhelmed by the prospect of applying for loans and finding the right home for your family. It doesn’t help that first-time homebuyers often receive a lot of misguided advice from well-intentioned friends and family, making it hard for them to sift through what is fact and what is fiction about the home buying process. To help you feel more prepared as you look for your first home, keep reading as we take a look at some of the most common misconceptions first-time homebuyers have about the process of purchasing a home.

Check Out These Four Awesome Fall Activities That Won’t Break the Bank!

Holiday baking cookies

As the weather gets cooler and the leaves begin to change, families are eager to start planning their fall festivities. Unfortunately, this cannot be done easily if you’re on a budget. However, these four awesome fall activities won’t break the bank and will provide you with great family fun!