There are many things to consider when buying a home, from the initial decision to start looking, to negotiating with the seller and finally closing on the property. If you’re a first-time homebuyer, you may have questions about each stage of the process. To help you out, we’ve compiled a list of questions in three categories: Looking for a home, Realtors and Offer and Acceptance LOOKING FOR A HOME FAQS When Is It Time To Stop Renting, And Buy A Home? The decision to buy a home vs. rent depends on many factors, including your financial situation, your lifestyle, and your long-term goals. Ultimately, you’ll need to decide what’s best for you. If you’re looking to build equity and have a place to call your own, buying a home may be the right choice. On the...
Category - Mortgage Loans
12 First-Time Home Buyer Mistakes That Will Cost You
One of the most important financial decisions you’ll ever make is buying your first home. But, this experience can be very nerve-wracking. You have to take into account a lot of factors, including how much money you’re willing to spend, where you want to live, if you want a single-family residence or townhouse, and what type of financing you want to use. There are some common mistakes that people make when buying a home, but we’ve compiled the best tips to help you avoid them. This includes avoiding costly mistakes that could end up costing you thousands of dollars. In this article, we will list the common mistakes people make when buying a home, and explain smarter or better ways to go through the process with as little stress as possible. 1. Not Starting With A Good...
What The Federal Rate Hikes Mean For Mortgages in 2022
The Federal Reserve raised the target range for the fed funds rate by 75bps to 2.25%-2.5% during its July meeting. This means that the interest rates...
Loan Tips For First-Time Home Buyers
There are many types of first time home buyers loans available. Some are through the government, and some are through private lenders. The most...
What You Need To Know About Mortgage Loans
A mortgage loan helps you finance the purchase of a home. When you apply for a mortgage, the lender will ask for information about your income...