Whether you’re buying or selling a home, you can typically expect to pay at least some amount of money in the form of closing costs. These costs can include the long list of fees for the services that are related to researching the home’s title, finalizing the mortgage, and inspecting and appraising the property. The [...]
With fears increasing about the possibility of another U.S. recession, many homeowners and investment property owners alike are seeking ways to keep the value of their properties from plummeting like they did in 2008. In August (2019), the Chairman of the Federal Reserve noted the possibility of lowering interest rates. But it was also stated [...]
It has been estimated that roughly one-third of home mortgage borrowers unknowingly leave thousands of dollars one the table by not shopping around and comparing rates for the best loan, as well as the added loan acquisition fees. In fact, according to a recent Fannie Mae study, 34% of first-time home purchasers get a quote [...]
If you’re currently serving in the United States military, or if you are a veteran who served in the past, you have a number of home-buying benefits that are available to you. These include mortgage loan options. For instance, with a Veterans Administration home loan, there are looser credit requirements. So, these loans can be [...]
If you’ve been thinking about downsizing and are focusing on moving to a senior community, there are some things you need to know before you move forward. These include physical, financial, and emotional factors. First and foremost, not all senior communities are apartment or condo-style. In fact, there is a wide range of single-family senior [...]
Buying a new home is typically one of the largest purchases anyone makes during their lifetime – and because of that, it will oftentimes require financing (usually a mortgage) from a bank or other lender. Having your financing lined up before you even start looking at potential properties can help you to narrow down the [...]
For families with grade school or high school aged children, one of the primary concerns as it relates to moving is whether or not it is possible to settle into a new home before the start of the next school year. Moving at any time of year can be quite stressful. But doing so in [...]
After searching the area for months, you’ve finally found the perfect home for you. But unfortunately, there is someone else who also feels the very same way, and you’re now on the cusp of an outright bidding war. Now what? While a bidding war is typically a seller’s dream scenario, the reality is that it [...]
Photo by Mark McClure for the Sightline Institute Middle Homes Photo Library. Used with permission, licensed under Creative Commons Attribution 4.0 International License. If you have the itch to convert from a renter to a homeowner, but you’re afraid that you can't afford the monthly costs, you could resort to “house hacking” in order to [...]
For most people, buying a home is the biggest purchase of their life – and it is one that more often than not will require you to borrow at least some amount of the purchase price. Thanks to the Internet, it is now easier to compare interest rates, and even fill out a mortgage loan [...]