I have told many people with ambitions of buying a home to take their time and do their due diligence in learning what it will take to afford and maintain property as an American homeowner. My friends who have purchased their own homes have learned there are pitfalls waiting for if you don’t know where to look. It does not matter if you are buying with a conventional mortgage, a VA home loan, or an FHA mortgage--you'll need to anticipate certain … [Read more...]
About to Forego Rent to Own? Here’s How
Is it your dream to own a home, or are you just tired of throwing away money on rent every month? Whatever the reason, if you’ve decided to forego rent to own once and for all, you’ve got a job ahead of you — but it should also be a prospect that brings you more excitement than stress. There’s no doubt that buying your first home isn’t a decision to be made without a lot of thought, planning, and saving. We’ve outlined a few tips to get you … [Read more...]
Advice For Buying A New Home
If you are in the market to buy or build a house and need some advice for buying a new home, don’t be intimidated by the prospect. There are ways to make buying real estate easier, even if it’s your first time. Decide What Kind Of Home You Need Some first-time homebuyers make the mistake of buying a home they will grow out of, rather than grow into. It may be a good idea, depending on your short-term and mid-range plans, to buy a house you can … [Read more...]
Mortgage Scams To Avoid
Mortgage scams to avoid come in a variety of different types and not all of them have to do with purchasing a home or applying for a new loan to so. The Department of Housing and Urban Development warns consumers that mortgage scams frequently involve foreclosure avoidance schemes or refinance loans instead of new purchases. New purchase loans are not always scam-free. But there are some things you can do to protect yourself when buying the … [Read more...]
Homeownership Woes: Ways to Pay For Unexpected Repairs to Your HVAC System
Unexpected repairs to your home… they always seem to come at a bad time, right? You either don’t have the money for them or have the money for them but the money is designated to something else… either way you look at it, unexpected home repairs are so inconsiderate of your time and money. Before you became a homeowner, you probably paid rent somewhere, whether it was in an apartment or rental property. As a renter, you didn’t have to worry … [Read more...]