The American Dream makes us think we have to buy a home or we aren’t living life the right way. Is that the case, though? Today many people choose to rent (or are forced to do so), and is it really all that bad? Both buying and renting have their pros and cons.Get Matched with a Lender, Click Here.We help you understand both sides below. The Long-Term Commitment of Buying Buying can help you make money on your investment, but it’s a long-term investment. Do you know what you will be … [Read more...]
The Top Methods to Use to Counter Offer a Home Inspection
If you have a home inspection contingency on your purchase contract, you have the right to counter offer with the seller after receiving the inspection report. If you see things in the report that you don’t like, you can go back to the seller and ask for either him/her to complete the repairs, give you the money to cover the repair costs, or you can walk away from the sale.Get Matched with a Lender, Click Here.It sounds easy, but sellers aren’t always willing to negotiate. Keep reading … [Read more...]
Contingencies to Include in Your Purchase Contract
Once you find a home you want to purchase, you have to put in a purchase offer. This isn’t just the number you are willing to pay for the home. It also includes the contingencies you will require before signing the purchase contract.Looking for Current Mortgage Interest Rates? Click Here.The contingencies are often just as important to the seller as the price you’ll pay. The contingencies determine how many different ways you have to back out of the contract in a specific period. Of … [Read more...]
The Steps to Making a Success Offer on a Home
You’ve decided on a home and are ready to make the offer. Do you know what you are doing? Do you know what sellers want?Looking for Current Mortgage Interest Rates? Click Here.Even if you work with a realtor (which we recommend), it’s important to know what makes a great offer. We outline the steps for you below. Get a Pre-Approval Before you look at homes, find a reputable lender and get pre-approved. This step saves a lot of time and frustration.Sellers will take your offer more … [Read more...]
Is Cash the Only Way to Pay for a Foreclosed Home?
Buying a foreclosure may mean that you save a significant amount of money. Whether you are buying the home for your own residence, to fix and flip, or rent out, you can find some great deals out there. Many people believe, however, that the only way to buy a foreclosed home is with cash. That’s not the case, though. Check out all of the ways you can purchase a foreclosure too. Looking for Current Mortgage Interest Rates? Click Here. FHA 203K LoanBelieve it or not, this government-backed … [Read more...]
Rent to Own Programs: A New Path to Homeownership
First-time homebuyers often have a hard time getting qualified for a mortgage. Whether they don’t have the down payment or their credit isn’t good enough, they are often left renting. Luckily, there are rent to own programs that these buyers can utilize. However, they are not as easy to find as you might think. Unfortunately, there are a lot of scams out there, which makes it hard to figure out which programs are okay and which are not.Get today’s mortgage rates!We’ll help you learn how … [Read more...]
Things you Must Know About Choosing a Mortgage Lender
Are you thinking about negotiating the home price of a new home? You might be in for an unpleasant surprise. Unlike existing homes, builders don’t often negotiate on new homes. They have a precedence they need to set.Unless you are the first person to buy in the development, other homeowners already agreed to a price. If the builder gives you the same home for less, they could have angry homebuyers on their hands. Second, the builder has to maintain a particular value in the development. If … [Read more...]
Is it Possible to Get a Mortgage After Retirement?
Most people want to have their mortgage paid off before retirement, but that doesn’t mean that you can’t get a mortgage after retirement. All it comes down to is qualifying for the mortgage, just like you would if you were still working.Compare Offers from Several Mortgage Lenders.Keep reading to learn the qualifications to get a mortgage after retirement. Qualifying Your Income The hardest part of qualifying for a mortgage after retirement is qualifying your income. Lenders need … [Read more...]
The Top Reasons a Mortgage is Denied After Preapproval
You secured your pre-approval for your mortgage, so you assume you’ve got it ‘in the bag.’ Did you know, though, that there’s no guarantee of getting the mortgage to the closing table? The preapproval does mean that the lender evaluated your qualifying factors for the loan, but there are many things that can still go wrong.Looking for Current Mortgage Interest Rates? Click Here.Typically, there are at least a few months between when you get preapproved for a loan and when you close on … [Read more...]
House Hunting the Right Way
House hunting means more than shopping for a home. You have to take the right steps in order to make sure you get the right home. It’s more than about the home itself, it’s also about the financing and finding the right neighborhood too.Get Matched with a Lender, Click Here. Do Some Soul Searching Before House Hunting Start the process by doing some soul searching. What is it that you want in a home? How long will you be in the home? How much room do you need? Is this a forever home or is … [Read more...]