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?
How to Spot Issues With a Home on the First Tour: What to Look For
The housing market today is a hot one. Even cooling from the recent frenzy, there are still more buyers than available homes and sellers have their choice of bids in most neighborhood markets. One of the side-effects of a hot market is a reduced chance to inspect a house for defects before you bid or before you close on the home.
If You Are Considering Home Solar Panels, Here Are a Few Things You Should Know
Solar panels are undeniably cool. They allow you to harness the sun’s power to power your home off the grid and save money on your electric bill. However, installing solar panels on your roof is not an easy decision; it can take a lot of time and money to get up and running with such a significant project.
How to Calculate Rental Income for Investment Property – Part 2
In part one, we discussed what kinds of expenses come into play. Now, let’s talk about how to assess and maximize the income there is to be made from a rental property.
The Mortgage Credit Certificate Program 2022 Application Is Open!
The Mortgage Credit Certificate program (MCC) is back in 2022, helping first-time and repeat homebuyers in select areas own a home. Buying a home can be financially challenging, especially in the current competitive market. Thanks to the state Housing Finance Agencies (HFAs), you can get a tax credit based on the interest you’ll be paying on the mortgage.
What Does “In Escrow” Mean?
Once an offer is accepted, the home-buying process enters the escrow period. The escrow period begins when the seller accepts an offer and continues until the buyer receives the title and keys to the house. A lot can happen in the “in escrow” process.