purchasing a home: What is Title Insurance and Why Do You Need It?
- 02/20/19 08:14 AM
When you are purchasing a home, especially if you are a first-time homebuyer, it’s easy to become overwhelmed by all the things you need to think about. Something like title insurance is probably not even on your radar. It’s a fee that will appear on your closing document and chances are you don’t even know what it’s for. If that’s the case, we’ve got you covered. Here are five things you need to know about title insurance: Like other insurance policies, title insurance is something that protects you financially should there be a loss. In this case it protects you with … (0 comments)
purchasing a home: First-Time Homebuyer’s Checklist: Are You Ready to Buy?
- 05/03/18 06:31 AM
The decision to purchase your first home is not one that should be made lightly. It is an important, life-changing decision that should be given serious consideration. So, before you take the plunge into searching for the prefect home, here are some questions you should ask yourself to make sure that you are ready. - Can I afford a home? The first step is to determine if you can afford to buy a home based on your current financial situation. Using a Home Affordability Calculator will help you figure out how much you can afford by plugging in your income, debt and the amount of … (0 comments)
purchasing a home: Using a Gift as a Down Payment - What You Need to Know
- 02/07/18 06:34 AM
Coming up with the money needed for a down payment on a house is not easy for many people. Some are lucky enough to have someone (or several people) give them cash as a gift to go towards purchasing a home. No doubt, that is a wonderful thing! But there are guidelines that must be followed when using financial gifts for your down payment. Using gifted funds to buy a home is not as simple as it sounds. First, the money can’t come from just anyone. Lenders want the money to come from a family member, such as a parent, grandparent or … (2 comments)
purchasing a home: Defeat Debt and Become a Homeowner in 2018!
- 01/03/18 07:05 AM
As a real estate agent, I love helping people purchase their first home. However, there are two major challenges that I see time and time again with first time home buyers: They often carry too much debt. They don’t have enough cash for a down payment. These two issues are strongly related in that people need to reduce debts that inhibit them from saving money. We all know that we shouldn’t spend more than we earn, but falling into the debt trap is easy to do. You see a pair of boots that you must have and you think, I will use … (1 comments)
purchasing a home: Finding Your Dream Home!
- 12/20/17 11:23 AM
With interest rates still relatively low, now is the time to start your search for a new home. Here are some tips to help you find your dream home: Make a list of priorities. Ideally, your dream home would have everything you want in it, but it’s still a good idea to make a list of what you want in order of importance to you. What are you most concerned about? Location? Square footage? Private backyard? You may have to give up one thing to get another, so you want to be prepared with your priorities so you will know what is … (1 comments)
purchasing a home: The Top Features to Look for When Buying a House
- 10/25/17 09:40 AM
House hunting can be overwhelming sometimes, especially when beginning the search for your first home. Chances are you might get caught up in the process and important details might slip by you. While the number of rooms, condition of the kitchen, and size of the yard are important, there are other things to consider before you make an offer. This list of things to look for can help get your search off to the right start. LocationThey say that the 3 most important things to look for when buying a home are location, location, location. While a home might not be perfect, loving … (1 comments)
purchasing a home: Don’t Be Afraid to Pursue the Dream of Home Ownership!
- 09/06/17 06:47 AM
The idea of purchasing your first home is exciting, but can also feel overwhelming. Before starting your home search, you need to figure out how much you can afford. If you’ve been hesitant to move forward because you’re afraid you won’t have enough cash for a down payment or that you won’t qualify for a loan, you shouldn’t despair. There are programs available that can help you! So, stop padding your landlord’s pockets and take advantage of programs that will assist you in making a sound financial investment in a home of your own. The Alabama Housing Finance Authority has two programs designed to … (0 comments)
When you are purchasing a home, especially if you are a first-time homebuyer, it’s easy to become overwhelmed by all the things you need to think about. Something like title insurance is probably not even on your radar. It’s a fee that will appear on your closing document and chances are you don’t even know what it’s for. If that’s the case, we’ve got you covered. Here are five things you need to know about title insurance:
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