Millions of mortgage applications are completed and sent to lenders each year. Part of the steps required include the lender gathering information about you—and sometimes those questions can seem invasive. Most of the questions are required as part of your approval. Let’s take a look at the things a mortgage lender will ask. Credit Lenders […]
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Setting aside funds for a down payment for a home loan isn’t easy. Buyers obtaining a traditional loan need at least 20 percent as a down payment; otherwise, private mortgage insurance (PMI) will be required. That can add a significant amount to pay on top your mortgage payment. Today, the median home listing price in
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Do you dream of one day owning your own home? You need to be prepared. If you buy before you’re able, you can find you owe more on your property than what it’s worth. But when is the best time to buy a house? It is important to buy a home for the right reasons,
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The short answer is no, but not using a realtor, instead thinking you can use the internet as your only means of information is short-sighted. From researching the projected cost of utilities to local zoning restrictions, you’re going to invest countless hours in research before making an offer. As a buyer, and especially as a
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If you’re shopping for a new home, you can calculate the home price you can pay and the mortgage schedule you will need based on the payment, down payment, taxes, and insurance you can afford. Fixed-rate mortgage Keeping the loan for the full loan term, such as 30 years, and making all of your payments
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When the government shuts down, who gets hit hardest among people needing a home mortgage? The latest version of federal breakdown made one fact painfully clear: It all depends on the type of loan you’re shopping for, or already had in progress. For many borrowers a VA (Department of Veterans Affairs) mortgage or FHA (Federal
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There are certainly pros and cons of becoming a homeowner — and stumbling across just one dreamy listing of a home for sale with the perfect open-concept kitchen and fenced-in backyard can leave you thinking about little else. But then you realize you’d rather save your money for a dream vacation and said house doesn’t
Signs You’re Not Ready to Buy a House Read More »
Now is the time to get your garden ready for spring. Here are some general tips to get your space ready for growth! Take Stock This is probably the most important step and you should not skip it. Most of us are eager to get out and actually do something in the garden after a
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There was a time when the term eco-friendly evoked images of bland, boring, and neutral colored materials. Thankfully, that is not the case anymore. As more designers seek out eco-friendly materials for an environmentally aware clientele, manufacturers have given the design world many beautiful options. 1. Cork Cork is relatively new to the flooring world.
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Commonly heard and read about energy-saving advice: Buy only Energy Star-rated appliances, replace incandescent light bulbs with fluorescent twists or LEDs, and choose the cheapest electric provider. But there are many other low-cost, energy-saving strategies that can escape homeowners’ attention. About 35 percent of heating and cooling is lost through the roof, according to energy
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