home purchase process: Millennials Know What They Want
- 02/11/19 07:56 AM
There have been a lot of myths floating around about millennials not being interested in home purchases. Maybe you’ve heard that they still live with their parents due to student loan debt, don’t have a 20% down payment or they have no interest in settling down.
In reality, more Millennial homebuyers are taking advantage of purchasing a home rather than waiting to purchase a home based on big life events. Millennials are changing the real estate market because they aren’t waiting for marriage or starting a family to buy a home. In fact, Millennials have been watching their rent go up over … (1 comments)
home purchase process: 3 Huge House-Hunting Mistakes to avoid at all Costs
- 01/25/19 10:44 AM
It’s that time of the year. Once you get serious about buying a house, it’s time to start house hunting. But before you dedicate your weekend to visiting every open house, you need to know what you’re looking for. Otherwise, the process of shopping for your dream home could get pretty overwhelming! Here are 3 huge house-hunting mistakes first-time house hunters often make when looking for a home. House hunting without an agent Without an agent, you will be flipping through photos of possible homes, researching local trends, market values, and other important information on your own. All of which can be confusing. … (0 comments)
home purchase process: What is an FHA Loan?
- 11/30/18 12:26 PM
Buying a home is exciting, however, figuring out the right home loan can be stressful. Home loans, called mortgages, come in numerous types. Choosing the right mortgage loan is very important, after all it is a major purchase in your life. To have a better idea of what loan works best for your needs, let’s dive into the FHA loan program. What is an FHA loan? The Federal Housing Administration (FHA) mortgage offers down payments as low as 3.5 percent. The credit score and down payment amounts are just two requirements of FHA loans. You can qualify with a credit score as low as … (0 comments)
home purchase process: Homebuyers’ Top Mortgage Fears
- 11/09/18 07:57 AM
The day you decide to purchase a house is the day you feel adrenaline rushing through your body. Having that constant fear in the back of your mind, afraid of not having enough down payment or maybe your credit score is too low. Possibly, your debt is too high. Those fears are what might make you take a step back and ask yourself if it’s worth going through the home process. But did you know it’s very possible you won’t be turned down for a loan? That’s because there are three types of home loans. A lot of those fears might just … (0 comments)
home purchase process: Trying to Buy a house in your 20s?
- 10/24/18 08:14 AM
In your 20s, there’s so much going on with your life, especially figuring yourself out! It’s about fulfilling and preparing yourself for success. Just trying to have fun and being young, but you also go through the quarter-life crisis better known as your 20’s which could include college loans, extra expenses, and your first entry-level job. When you think about homeownership, you think it’s beyond your reach. Believe it or not, that’s not the case! Anything is possible, becoming a first-time home buyer is a big life decision! So, if you think you’re ready, what are you waiting for? Here’s how you can … (3 comments)
home purchase process: Should you Buy your Forever Home First?
- 10/03/18 06:56 AM
The best thing about searching for your dream home is finding all the things you want in a home. It’s one thing when you buy a starter home but purchasing a forever home you need to think about what might meet your future needs. Let this sink in and ask yourself, “Do you know where you are in life? And is a starter home or a forever home best for you?” We’ll help you decide if a forever home is calling your name. Let’s dive into things to consider when you buy your forever home.
A Forever Home A forever home is generally … (0 comments)
home purchase process: Should you Buy your First Starter Home?
- 09/19/18 08:21 AM
There’s so many good reasons to own the roof over your head rather than living under your parent’s roof or renting. For a first-time home buyer, saving for a new home can be one of the challenging and exciting chapters of your lives. But, many wonder what type of home they would like to purchase. What is considered the right home for a first-time buyer? That depends on the person, it all comes down to what suits their lifestyle and income. If you’re thinking about getting a starter home, here is some guidance to help you explore entry level housing options.
The Starter … (0 comments)
home purchase process: Why You Need a Mortgage Pre-Approval
- 09/05/18 08:30 AM
Are you starting the house hunting process to find a home and haven’t been approved yet for a mortgage loan? So, how do you know which type of loan is going to be the best for your situation? Getting pre-approved is the answer! A mortgage pre-approval is a document that indicates how much of a loan you can get approved to borrow. Let’s dig in a little further as to why you should get pre-approval before you shop for your dream home… Potential Credit Problems Usually first-time homebuyers are unsure what their credit score is. It’s common when buyers are unaware if they have a … (0 comments)
home purchase process: First Time Home-Buying Mistakes People Make
- 08/03/18 07:40 AM
When you’re in the 20’s or 30’s you don’t think about those questions home buyer should ask. Assuming you know the steps to buy a house and the type of mortgage you need. Realistically, you have no clue what you’re doing. Whether it’s choosing the wrong location or buying an overpriced home, buying a home is major part of your life. You want to purchase a home with confidence. Here are common mistakes first time home-buyers make and ways to avoid them.
Buying a House Knowing you are Moving Again Soon We all go through this transition from living in your parent’s house … (0 comments)
home purchase process: Which Documents Should You Keep After Buying a Home?
- 07/20/18 08:13 AM
Throughout your home-buying process, you will receive a load of real-estate paper work. The question is, how do you know which documents you should keep after buying a home? After all, you don’t want to keep all the paperwork. Here are the files you should keep and why:
Buyer’s Agent Agreement When you start looking for a home, you choose an agent that will represents you in the purchase. This means you sign a buyer’s agent purchase agreement, a contract between you and the brokerage. Why do you need it? This contract provides information on what the agent agreed to provide you … (0 comments)
home purchase process: 4 Tips for Home Buying in Another State
- 07/13/18 01:57 PM
Buying a home out of state can be very stressful, especially if you don’t have the time to travel there on your own. It can be very frightening to not know the best neighborhood without any guideline. It’s unfortunate how you might be gambling for your dream home. That’s just plain stressful! In case you don’t have a friend or relative living in the state you want to move to, here are a few tips on what you need to know to make a purchase with no regrets. Do your Research about the House’s Area The number one thing you should do is research … (0 comments)
There have been a lot of myths floating around about millennials not being interested in home purchases. Maybe you’ve heard that they still live with their parents due to student loan debt, don’t have a 20% down payment or they have no interest in settling down.
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