It seems counterintuitive. Why would you buy less house than you can afford? Doesn’t the old adage say buy as much house as you can? Isn’t that what our ancestors taught us anyway? Real estate appreciates, so it’s one of the best investments out there, right?Get Matched with a Lender, Click … Continue about Should you Buy Less House Than you Can Afford?
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Buying a Home
How a Home Inspection Differs from an Appraisal
When you apply for a mortgage, you’ll likely hear the lender throw around a couple of different words including appraisal and inspection. They sound like they could be one in the same, right? Wouldn’t … Continue about How a Home Inspection Differs from an Appraisal
List of Tax Benefits for New Homeowners
Owning a home is a big financial burden, but it can also provide you with several tax benefits, which can help your finances. If you can lower your tax liability just by owning a home, it may be an … Continue about List of Tax Benefits for New Homeowners
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Should you Buy Less House Than you Can Afford?
It seems counterintuitive. Why would you buy less house than you can afford? Doesn’t the old adage say buy as much house as you can? Isn’t that what our ancestors taught us anyway? Real estate appreciates, so it’s one of the best investments out there, right? Get Matched with a Lender, Click Here. Today, that […]
Mortgage Closing Costs: What to Look For
It’s inevitable. When you take out a mortgage, you have to pay closing costs. There are the rare occurrences when you will find a lender that will pay the costs for you, but then you’ll just pay it in the interest rate. Before you just accept the closing costs as they are given to you, […]
How to Appeal a Low Appraisal Value
It’s a horrible feeling to hear the appraiser say that the home you want to buy is worth less than what you offered. It can leave you feeling helpless. What do you do? Compare Offers from Several Mortgage Lenders. You could walk away from the purchase and hope that you find another ‘dream home’ somewhere […]
How a Home Inspection Differs from an Appraisal
When you apply for a mortgage, you’ll likely hear the lender throw around a couple of different words including appraisal and inspection. They sound like they could be one in the same, right? Wouldn’t an appraiser ‘inspect’ the house? Looking for Current Mortgage Interest Rates? Click Here. In reality, the appraiser’s job is to determine […]
Good Reasons to Not Get a 30-Year Mortgage
The 30-year mortgage is the most popular loan program. It could be because of its lower payment, which makes it more affordable, especially for first-time homebuyers. Before you jump on board and take out your mortgage for 30 years, though, consider the following reasons not to use take out the 30-year loan. Looking for Current […]
Do Lenders Check Credit Before Closing?
You know your lender checks your credit when you apply for the mortgage. You probably think you are ‘in the clear’ once that report is pulled, right? You figure once the lender approves you for a loan, there’s no reason for them to look at your credit again. Compare Offers from Several Mortgage Lenders. Unfortunately, […]
List of Tax Benefits for New Homeowners
Owning a home is a big financial burden, but it can also provide you with several tax benefits, which can help your finances. If you can lower your tax liability just by owning a home, it may be an investment worth making. Get Matched with a Lender, Click Here. Keep reading to learn the tax […]
Do You Need Title Insurance for a HELOC?
Title insurance protects the lender and yourself from any future issues with the title. Before you close on your loan, the title company performs a title search. This search determines that there are no liens on the property. It looks at the chain of title and the subsequent releases. In other words, it makes sure […]
What is the Maximum you Can Borrow on an FHA Loan?
FHA loans allow you to buy a home with as little as 3.5% down on the home and with a credit score as low as 580. Before you jump on board with the program, though, you should know the maximum amount you can borrow with this loan program. Compare Offers from Several Mortgage Lenders. Unlike […]
Smart Ways to Use your Cash-Out Refinance Proceeds
You have equity in your home and you want to use it. While there may be a program that allows you to tap into that equity, it’s not always the right choice. Before you jump in and take the equity out of your home, learn which uses are best for your equity and which are […]