The Monthly Mortgage Payment on Their BRAND NEW HOME is Less Than Their Apartment Rent!
The journey for this young family started just a couple of months ago when they decided they were tired of paying rent and wanted to see if they could qualify to purchase their own home. The did it the smart way......before they began looking at homes they agreed to speak with a mortgage specialist who helped them understand how much home they could afford (not only the loan amount they could qualify for, but a monthly payment they … (7 comments)
Should I rent or should I buy? If you are renting in Birmingham AL you may be asking yourself these questions. There are certainly some attractive reasons to consider purchasing a home.....historically low interest rates are still available and the $8,000 First Time Homebuyer Tax Credit has been extended until April 30, 2010.
Kathy Stankard has written a great article that compares the costs of renting and buying. For many, this is a wonderful opportunity to become a homeowner. Click on Birmingham AL Home Search to see available homes … (7 comments)
If you haven't already gotten started, you need to find that home and negotiate terms that you and the seller agree on. Once you have a contract you will begin the loan process. This won't happen overnight. An average period to close your loan is about 45 days.
Don't forget about the holidays! You don't want to count on being able to close on that last day......what … (9 comments)
If you think you have plenty of time to buy a home and take advantage of the $8,000 tax credit, you need to read this article written by Erik Hitzelberger. He does a great job of explaining why there is not as much time left as you might think. When you are ready to find a home anywhere in or around Birmingham, I'd love to help you!
Dear Procrastinating First Time Home Buyers: I know you. I've seen you in the mall on December 23rd. I've watched you race through town en route to the … (5 comments)
The rush is on. The deadline for purchasing a home using the $8000 tax credit is November 30, 2009. You might be surprised to find out how quickly the remaining days left to take advantage of the "free" money from the government will click away. Let's take a look at how you might use up your time remaining.Before you … (1 comments)
I write about people, places, things to do and anything else that inspires me, including articles related to finance and the Birmingham area real estate market.
DISCLAIMER: Ann Allen disclaims liability for any damages or losses, direct or indirect that may result from use of or reliance on, information contained in her blogs or for accuracy of comments or opinions of visitors to her blogs.
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