artGetting approved for a home loan can be exciting, but before you act too fast, you should know how to save money on it. Did you know that closing costs can amount to as much as 5% of your loan amount? That’s some serious money. Let’s say you borrow $300,000, you would pay as much as $15,000 in closing costs, and that’s money you must come up with on your own.Compare … [Read more...] about Simple Tips to Save Money on Your Next Home Loan
The USDA appraiser has two jobs. One is to figure out the fair market value of the home, just like any other loan. The other job is to make sure the home meets the USDA minimum property requirements. This is the USDA’s way of making sure the home is safe, sound, and sanitary.Compare Offers from Several Mortgage Lenders.Keep reading to learn the specifics of what the … [Read more...] about What Does a USDA Appraiser Look For?
Buying a home means more than making sure you can pay the mortgage payment. There are many costs you must consider before you purchase a home. Talking with the current owners can help give you an idea of the average cost of a particular home, but we will discuss in general the factors you should consider.Get Matched with a Lender, Click Here. Real Estate Taxes First, … [Read more...] about What are the Major Costs of Owning a Home?
The Pennsylvania Housing Finance Agency offers conventional and government loan programs for homebuyers. The programs have competitive interest rates and low fees. In order to obtain a PHFA Keystone home loan program, you must visit a PHFA-approved lender.Get Matched with a Lender, Click Here.Eligibility for the Keystone Loan ProgramsYou may be eligible or the … [Read more...] about PHFA’s Keystone Home Loan Program Guidelines
The home sale price of various homes can give you a lot of information. Whether you are in the market to buy in the area or you want to know the value in your current area, finding out home sales prices can be a valuable resource.Looking for Current Mortgage Interest Rates? Click Here.Luckily, the home sale prices are public record. How you access those records may … [Read more...] about Is the Home Sale Price a Public Record?