Yes, this is a warning for spring home buyers! The holiday season is approaching rapidly and everyone tends to be in the festive holiday spending mood. This practice could easily delay, or completely derail your plans for a new home purchase in the first quarter of 2016. This is the advice I give to all of my clients so they don't sabotage their goals. Here are some suggestions that will keep you on track: MAKE A BUDGET for your holiday spending. Be sure to break down the amount to be spent on gifts, travel, holiday entertaining, etc. STICK TO THE BUDGET! Don't get … (5 comments)
home buyer: Do you speak the language of a home buyer?
- 09/30/12 10:18 PM
Do you speak the language of a home buyer? If you are a first time home buyer, more than likely you will feel like you are stepped into a foreign land.
Here is a quick list of the most common terms you will need to know before you make that offer: Contract - an agreement between two or more competent parties to do something. Earnest Money- also known as good faith money. It is a held either by the listing broker or the attorney until closing. Binding contract date - this is the date when both parties have agreed on … (18 comments)
home buyer: USDA, It’s Not Just For Grading Meat…
- 02/27/12 03:23 AM
USDA, is not just for grading meat. In fact, through the USDA (United States Department of Agriculture) there is a 100% financing program for owner occupied residential property. Yes, you read that correctly, it is a 100% financing program!
Now, not every home buyer will qualify for this loan program, and not every property is eligible either. The eligibility is determined county by county and based on the population. The maximum household income limits are also determined by county. Here are some other specifics that you will find helpful: · the borrower may borrow up to 100% of the appraised value … (3 comments)
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