Tag: home buying

Why You Should Never Buy a House Without Having It Inspected

Why You Should Never Buy a House Without Having It Inspected

A house is a major financial investment and a place where you will likely live for several years. If you are shopping for a new home, you need to do your homework and choose carefully. You should gather as much information as possible so you […]

Is Buying a House in Foreclosure a Good Idea?

Is Buying a House in Foreclosure a Good Idea?

When shopping for a new home, everybody wants to get a good deal. Many buyers consider properties in foreclosure because they are often available at below-market rates. While you may be able to find the home of your dreams for less money than you thought, […]

How Much Can You Afford in Monthly Mortgage Payments?

How Much Can You Afford in Monthly Mortgage Payments?

Homeownership is a dream for many people, but some take on more debt than they should. If you’re thinking about buying a house, consider your income and current and potential expenses. How Mortgage Lenders Decide How Much Applicants Can Afford Lenders look at the total gross […]

Differences Between Jumbo and Conforming Loans

Differences Between Jumbo and Conforming Loans

If you’re thinking about purchasing an expensive home, it’s important to understand how jumbo and conforming loans differ, and the pros and cons of each. Choosing carefully could help you save a lot of money over the term of your mortgage. Key DifferencesA conforming loan […]

Should You Choose a House That Belongs to a Homeowners Association?

Should You Choose a House That Belongs to a Homeowners Association?

When you go house hunting, you might come across a property you love in a community governed by a homeowners association (HOA). Buying a house that belongs to an HOA could carry benefits, but it would also come with rules, restrictions and fees. The specifics […]

7 Things Every New Homeowner Should Know

7 Things Every New Homeowner Should Know

Moving from renter status to owning your own home is a proud and exciting experience. You’ve worked hard to get there, and nothing should jeopardize your achievement. The money management experts at Investopedia propose seven strategies new homeowners should employ to be sure nothing gets […]

Top 3 Reasons to Buy a Condo

Top 3 Reasons to Buy a Condo

Those considering purchasing a new home may want to consider becoming a condo owner. Popular with every homeowner—from first-time buyers to retirees—condos offer many advantages over a traditional stand-alone property. Below are the top three. Affordability: If you’re looking for a newly built home, a condo […]

How to Qualify for a Mortgage If You’re Single

How to Qualify for a Mortgage If You’re Single

For generations, most home purchases were made by married couples. With many people postponing marriage to pursue an education and a career, more and more single adults are overcoming challenges to become homeowners. Meet Income RequirementsIf you want to buy a house by yourself, the […]

How to Retain Your Home’s Value

How to Retain Your Home’s Value

If you plan to sell your home in the future, you want to earn a profit…or at least get back what you paid for it. A house can depreciate, or lose value, for a variety of reasons. Some are beyond your control, but you can […]

Where Parents Can Find Money to Help Their Kids Buy a Home

Where Parents Can Find Money to Help Their Kids Buy a Home

There are many ways parents can help their children purchase a home: contributing to a down payment, helping with closing costs, co-signing a mortgage or allowing their kids to move back home so that they can save money. While most of these avenues involve giving […]