You’ve decided – you’re ready to find a home, make a home purchase offer, and become a homeowner. The homework has been done, you’ve figured out where you want to live, and have been searching for a home. But there’s one problem – there is a shortage of homes available in your price range and it is an extremely competitive seller’s market.
A seller’s market means that there are more buyers than there are homes available for sale. This is … Continue reading
So you want to buy a home? Well, most likely you will need a mortgage in order to do that. One of the biggest myth’s in the buying a home today that it is “very difficult” to get approved for a mortgage. That’s just not true. Contrary to this common belief, getting approved for a mortgage is not the nightmare you may think.
Lenders have eased many of the tough requirements and it’s becoming a much lot easier for buyers to get approved … Continue reading
If you are wanting to buy a home, you need a down payment. The down payment is the one-time, upfront amount needed by a homebuyer which is paid at closing and represents a percentage of the purchase price. Sometimes, saving up enough dough can seem a bit overwhelming.
The good news is you might not need to sock away as much money for a down payment as you think! Today there are a couple of home loan purchase options available … Continue reading
You may have heard stories about changes in the mortgage industry in the years since the financial crisis and the difficulty in obtaining a mortgage for your home purchase. The common perception is that it is “very difficult” to get a mortgage today. Contrary to this popular belief, getting a mortgage is not the nightmare you may think…it’s really not that hard!
After years of low and lower mortgage rates, the tide has shifted with a sudden and steep increase. It’s not a surprise to economist and forecasters however it seems to have caught the potential homebuyer off guard. Rising mortgage rates are making homebuyers nervous and discouraged, and many feel it will make home ownership unattainable.
Beginning in early May, the average rate for the 30 year fixed rate mortgage has increased more than one percentage point. The Freddie Mac Weekly … Continue reading
Benjamin Franklin said there were only two things in life that were certain…death and taxes. There are probably a few other things that are certain, and I’m fairly certain most people like to save on their taxes! If you are a homeowner, you are probably counting on a few 2012 tax breaks! Whether you made a home purchase during 2012, refinanced your home, you may be entitled to some tax deductions.
Here is a general overview of some information that … Continue reading