Do you have money problems? There are some common mistakes people make when planning a budget or trying to sort out their bills. Check our list below of bad financial habits to avoid when trying to take control of your finances. Paying Too Much For Housing Are you overspending on rent or your mortgage? Many people read advice that your housing expenses should not take up more than roughly 30% of your income, but in the 21st century, it’s more … [Read more...]
Buying A Home: Hidden Housing Expenses
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...]
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...]
Government-Backed Mortgages Vs Conventional Home Loans
Do you know the difference between a conventional mortgage and a government-backed home loan such as an FHA loan, VA mortgage, or USDA home loan? There are two big areas some are concerned with; those areas are down payments and mortgage insurance. We’re looking at the differences between conventional and government-backed home loans with this in mind since a home loan down payment and the insurance you’ll need over the course of the loan are … [Read more...]
Down Payment Facts For Home Buyers
Down payment facts for home buyers are incredibly important; these aspects of buying and paying for a home may be glossed over in the planning stages during the initial excitement over potentially owning a home. But once a first-time home buyer starts running the numbers and figuring out how much down might be required on a conventional or FHA mortgage, it’s a sure bet that if down payment help is available it will be used. Do you know what … [Read more...]