After several years of diligently saving money, I’m nearly ready to purchase my first home. Because I’ve been thinking about buying a home for so long, I know exactly what I want my house to look like. I desire a place that has three bedrooms and three bathrooms. I also need a quiet space to set up my home office in. I want a massive, walk-in closet in my master bedroom. My master bathroom needs to have double vanities, a tiled, walk-in shower, and a Jacuzzi tub. On this blog, I hope you will discover how to set priorities during your new home search. Enjoy!
27 June 2017
In advertisements promoting mortgage loans, it is usually the interest rate that is the focus of attention. One reason advertised rates vary is that many lenders charge an additional fee referred to as mortgage points. Prospective home buyers can compare the long-term costs of competing mortgages by calculating the net effect of the interest rate and mortgage points combined. Points are sometimes referred to as mortgage origination fees. Despite the connotation, points are a specific monetary amount paid up front in exchange for a lower interest rate.
27 June 2017
If you are shopping for a new home and you have narrowed things down to some homes that you really like, then it may come down to choosing the home that is also going to offer you the best neighborhood. While there are several sources you can use online to get a bit of an idea of what neighborhoods are like, there's nothing like getting the information first hand and in person.
24 June 2017
When you buy a house, it may seem like closing on it is taking forever, and you might be extremely eager to take possession of the house. This is completely normal, but it does not mean you should sacrifice parts of the contract that were agreed upon. If you find that something from the house is missing when you perform your final walkthrough, here are some of the options you have for handling this situation:
20 June 2017
The Federal Housing Administration was, at one time, referred to as "Farmer's Home Administration" because it helped farmers and rural property owners build homes on their land. Many people who could not afford a house could use this program to build one on rurally located property. After its restructuring and renaming, it became a program that was synonymous with low rate home-buying loans and low rate construction loans. Here is how the program works.
15 June 2017
When you start looking around at homes for sale, you are going to notice that a lot of them look clean and well-maintained. While this may be true, it is also because the homeowners want their home to look impressive so that prospective buyers are more interested in making an offer on the property. You may want to buy a home in which the owners took excellent care of it from the moment they moved in.