Archive for the ‘Home purchase’ Category

  If you’re planning on buying a home and financing your purchase, you’ll need to apply for a mortgage. For most people, a mortgage is the largest amount of money they’ll ever borrow. Because it’s such an important loan, it’s critical to not rush through the process. If you’re going to apply for a mortgage, […]

  Traditional mortgages will usually require that borrowers put down at least 10 percent of the home’s sale price, or 20 percent if they want to avoid paying PMI (Private Mortgage Insurance). On top of the down payment, there are also closing costs to budget for. With all of the out-of-pocket money that is involved […]

In a previous blog post, we discussed some of the different pros and cons of purchasing a fixer-upper home. In this article, we compare some of the same types of advantages and disadvantages, but for the complete opposite: New construction homes. Depending on where you’re purchasing property, you may not have the option of buying […]

  In a previous blog post, we discussed some of the different pros and cons of purchasing a fixer-upper home. In this article, we compare some of the same types of advantages and disadvantages, but for the complete opposite: New construction homes. Depending on where you’re purchasing property, you may not have the option of […]

If you’re planning on buying a home, there’s a very good chance that it will be the biggest purchase you ever make. Even if you’re financing your purchase, there are still other upfront costs to consider, like closing costs and your down payment. Saving up enough money to buy a home can be somewhat discouraging […]

House hunting can be an exciting time, but if you’re financing your home, obtaining a mortgage is a necessary first step. Although a pre-approval is not ironclad, it’s usually a pretty good indication of the financing you can expect to receive when it’s time to close on your home. Because so many homeowners are just […]

  Owning a home can be a rewarding experience, but it’s also important to remember the additional expenses that go along with homeownership, which go beyond the initial purchase of the home. While some of these costs can be the result of an isolated incident or one-time project (which can still be very expensive, and […]

Are you buying your first home? It can definitely be a very exciting time, it can also be a daunting experience, especially for someone who is unfamiliar with the process. We asked a few real estate agents to share their biggest tip for those buying property for the first time. Although these tips can benefit […]

If you’re currently house hunting, you may have come across some homes that could use some work—also known as fixer-uppers. Although these homes may need a significant of work done, they could be much more affordable than similar, newer homes in the same area. But before deciding on a fixer-upper home, you’ll want to carefully […]

With all the different mortgage options out there, you may have heard about jumbo mortgages, which are home loans designed to finance purchases above a certain amount. These mortgages offer financing above $417,000 in most states, but can go up to $625,000 in other states. However, jumbo mortgages are also capped at a certain amount, […]