Buying a home can be one of the best feelings in the world. Nothing beats that feeling of security and satisfaction when you open the door to a new home and are happy with your purchase. The question is, how can you best ensure that feeling is going to happen? There are a lot of [...]
Pre Approval
When you purchase a home, you may, as a first-time buyer, be overwhelmed by all the paperwork and fees involved! Understandable. Your home purchase will probably be the single largest financial transaction you will ever be involved in! There are numerous federal and state laws that must be obeyed, and many of those laws are [...]
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Obtain credit reports from all three credit bureaus. They are Experian, Transunion and Equifax who each allow you to one obtain one free report per year. Make sure all the information is correct because one small mistake could cost you thousands of dollars with a higher interest rate. If there are mistakes dispute them on [...]
A checklist for buying a home is a good way to keep your ducks in a row. It gives you an approach that covers all your bases, so you don’t leave anything out in the excitement of the moment. Buying a home is one of the most exciting and fulfilling things you’ll ever do, and [...]
Can you believe that buying a home is a big financial decision? Can you guess why? Did you know that the purchase of a home can affect your federal income taxes? How you ask? Let’s examine.In recent years, many mortgage brokers have convinced buyers to commit to large loans with large interest rates. The mortgage [...]
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Are you looking for your first home or just need more information on how to get your first home loan? Don’t worry you’re not alone.This article will outline some tips and hints on how to get your first home loan. There are literally thousands of Australians, young and old, looking to buy their first home. [...]
Know yourself – what are you looking for? What are your needs? What type of home would fit your current stage of life? Know your budget – meat your banker, do your math and know exactly how much you can spend when buying a house. You can use our “How much can I afford” calculator [...]
Continue reading about First Time Home Buyer "Need to Know" Checklist
Contrary to popular belief, getting a pre-approval is not the first and most important step in the homebuying process. When buying a home, especially if you are a first time homebuyer, there are many items that you need to pay particular attention to. However, there is one step that is of the utmost importance and [...]
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1. Shop around for lenders who can provide quality loans with good terms. Take every aspect of the lender into consideration. Keep in mind things like the reputation of the lender, interest rates offered, length of the loan, the type of loan you want (fixed or adjustable), whether you’ll have to pay points, and whether [...]
Continue reading about Buying Your First Home – 10 Steps From Start to Finish