mortgage: 9 DON'Ts To Buying A New Home
- 07/10/14 11:13 AM
So you’ve looked at dozens of homes…made several offers…and finally, FINALLY you have a ratified contract. Congratulations! But before you get to the settlement table and finalize the purchase, there are some pitfalls to avoid so that you don’t destroy all of that hard work.
Here’s a short list of “Don’ts” to keep in mind so that you settle on your new home with no problems:
1) Do not a co-sign ANYTHING for ANYONE. I know that you’ve always been there for your favorite niece, but she will have to wait this time. That new loan will change your debt to income ratios and … (4 comments)
mortgage: Should I Buy A Home?
- 06/30/14 12:01 AM
Everyone is doing it! Your parents, your friends, your co-workers...so how do you know if time is right for you to buy a home? That question can only be answered by you. And the decision to purchase a new home should be based on both your finances and your personal situation. Here are six questions to consider when determining if you are ready to make a move to become homeowner. 1. Home Much Home Can I afford? Homeownership is more than paying a mortgage. Proper planning will help you avoid being “house poor”, meaning that once you pay the mortgage there are few … (0 comments)
mortgage: The Difference in Appraisals and Home Inspections
- 06/09/14 12:58 AM
Is A Property Appraisal Also A Home Inspection? A question that I am often asked by my clients is to explain the difference between a property appraisal and an inspection. The usually would like to know just how each is used during the home buying process. An appraisal is an official assessment of the market value of your home or property. When you apply for a mortgage to finance buying a new home, the lender will want to insure the loan amount does not exceed the actual value of the property. The appraisal is used to determine the value of the home for that reason. Depending on the type of loan you are applying for … (0 comments)
So you’ve looked at dozens of homes…made several offers…and finally, FINALLY you have a ratified contract. Congratulations! But before you get to the settlement table and finalize the purchase, there are some pitfalls to avoid so that you don’t destroy all of that hard work. 
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