homebuyers: Path To Homeownership: Buyer's Closing Costs - 02/08/10 11:17 PM
What are My Closing Costs Going to Be? This question can cause much anxiety new Homebuyers. Having an idea of what to expect at closing helps first-time homebuyers get over that anxiety easier. The closing process can be confusing and involve many people, documents, and fees. Understanding the costs associated with buying AND protecting your home helps buyers' to have a smoother transaction AND helps save them money. With the New Real Estate Settlement Procedures Act (RESPA) that began January 1, 2010, HUD requires that loan originators provide borrowers with a standard Good Faith Estimate that clearly explains the key loan … (3 comments)
homebuyers: Pathway To Homeownership: What A Downpayment Says About A Homebuyer - 03/23/08 01:27 AM
The truth of the matter is your down payment effects everything and it says a lot about the potential buyer. The down payment is the difference between the purchase price and the mortgaged amount. Lenders recognize the importance of the size of the down payment. As the down payment increases, the lender's risk decreases. The size of the down payment is one of the most important factors in determines whether a loan will be approved. With large down payments there is less need to worry about the borrower's qualifications. Few borrowers are willing to allow a loan to default and lose … (0 comments)
homebuyers: Path of Homeownership: Open of Escrow. Time For Inspections - 01/27/08 12:03 AM
Now that your offer has been accepted there are a number of steps that will need to be taken care of until the closing process is complete. So, it is important to give the same amount of attention to the closing process as you did during hunting for your home. The concept of an Escrow and Title Escrow Company is to operate as an uninterested third party in Real Estate Transactions. Title Companies act as an intermediary between buyers and sellers, or their agents, and ensure that everything in the transaction goes according to the sales contract. This offers protection to all … (0 comments)
homebuyers: Path To Homeownership: Making The Offer - 12/28/07 05:13 PM
In a previous article I wrote, Path to Homeownership: House Hunting I described how to inspect a house using your 5 senses. While house hunting, it is a good idea to write down notes on what you have seen. Write down the good, the bad, and the ugly. Throughout the day, you may have looked at several houses, so it is a good idea to have a checklist for each home you visited. At the end of the day, if you have determined which home is of interest to you, look at your notes. Revisit your budget. Determine the most you … (4 comments)
homebuyers: The Path To Homeownership: Learn About Homebuying Programs - 12/25/07 01:08 AM
Whether you are looking to purchase a house or not...you have either heard about or read about the current Real Estate market. You've heard about the mounds of homeowners in foreclosure, you've heard about Short Sales and Bank owned properties. Well, as a homebuyer what does that mean to you? Interest rates and home prices are low and now is a great time to be in your shoes. It is time to invest in you and your family! In my previous blog, The Path To Homeownership: Determine Your Wants and Needs, I suggested Homeowners write down what they are looking … (2 comments)
homebuyers: Path To Homeownership: Determine Your Wants & Needs - 12/21/07 11:53 AM
As a first-time homebuyer, you can get overwhelmed with information...from loan information to real estate information...from learning experiences from friends and family to reading information on your own. So, as your Real Estate Agent it is important to us that we help you gain Real Estate knowledge without being overwhelmed and discouraged. If you are looking to become a homeowner and don't know where to start...a good place to begin is...writing down your wants and needs. What are your reasons for moving? Is it because of the location? Is the family getting bigger or smaller? Is the kitchen too small or … (2 comments)
homebuyers: Avoid Moving Woes!! - 09/12/07 02:13 PM
Although, we are all different in many ways!! I could probably guess that we have one thing in common...we all hate the thought of moving! I recently sold my condo and had to face the challenge of packing, changing my address (for everything), and helping moving my stuff! I was so frustrated that I was not more prepared for the move! I waited til the last minute to do everything! I vowed to never do this again! So, I decided that I needed to put together a checklist and have information from a couple of moving companies to assist my client with their moving woes. Crazy, I know … (2 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
What are My Closing Costs Going to Be? This question can cause much anxiety new Homebuyers. Having an idea of what to expect at closing helps first-time homebuyers get over that anxiety easier. The closing process can be confusing and involve many people, documents, and fees. Understanding the costs associated with buying AND protecting your home helps buyers' to have a smoother transaction AND helps save them money.
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