first time homebuyer: Three Reasons Why You Should Purchase a Home in 2012
- 01/09/12 11:35 PM
With all the news about record-low rates recently, you may be contemplating if now is the time to plunge into home ownership. But maybe you’re a bit hesitant about entering the housing market with all this uncertainty about when home prices will rise, wondering if owning a home is a good investment. Well in actuality, the low home prices we’ve experienced make it the perfect time to buy a home! Here’s why: 1. Buying a home now will give you appreciation in the future. With mortgage rates being so low and home prices at rock bottom, you could buy the home of … (3 comments)
first time homebuyer: Five Realtor Secrets Home Buyers Should Know
- 01/05/12 10:28 PM
When preparing to purchase a home, whether you’re a first time home buyer or looking for an investment home, it pays to do your homework before house hunting. But where do you start? Do as the experts do! Here are some insider tips Real Estate Agents follow to know where to find great homes for their clients. Study The Local PricingEvery agent knows to study current house price trends in their areas, and you should too. See what the average home price is in the town you’re looking at, then compare them to the average price in neighboring towns. This will … (45 comments)
first time homebuyer: What is a FHA Mortgage?
- 01/04/12 09:56 PM
A FHA mortgage is a home loan that requires a small down payment. The Federal Housing Administration (FHA) runs several programs that make it easier for home buyers to qualify for a mortgage loan. The FHA does this by promising the lender to pay for the mortgage if the borrower should default. A FHA loan can require a down payment as low as 3.5%. It also makes it easier for you to use gifts towards your down payment or your closing costs. There are a few other perks towards a FHA mortgage, including leniency during hard financial times or funding for … (3 comments)
With all the news about record-low rates recently, you may be contemplating if now is the time to plunge into home ownership. But maybe you’re a bit hesitant about entering the housing market with all this uncertainty about when home prices will rise, wondering if owning a home is a good investment. Well in actuality, the low home prices we’ve experienced make it the perfect time to buy a home! Here’s why:
;)
;)
