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Buying a Home

Ideas for Saving for a Down Payment

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If saving for a down payment seems like a daunting task, you are not alone. Many people think they have to put 20% down or they can’t get a loan. Luckily, that’s not the case. There are many programs you can use that require as little as 3.5% down, such as the FHA loan. However, even 3.5% down can seem like a looming amount. If the average home price in your area is $200,000, … [Read more...] about Ideas for Saving for a Down Payment

The Top Ways To Boost Your Borrowing Power

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It’s no secret that lender’s restrictions have tightened up since the housing crisis. Today, they have gotten slightly better; however, they still have more requirements than ever before. So how can you maximize your borrowing power? You have to start early. That’s the key! The sooner you start working on your qualifying factors, the better chance you have of borrowing more … [Read more...] about The Top Ways To Boost Your Borrowing Power

Analyzing a Rental Property Purchase

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If you want to get into real estate investing, you have a lot to consider – more so than goes into purchasing an owner-occupied residence. Because a rental property is supposed to make you money, you have to look at all aspects of the financial components of buying the property. Compare Offers from Several Mortgage Lenders. We discuss the most important areas below. The … [Read more...] about Analyzing a Rental Property Purchase

Is the Home Sale Price a Public Record?

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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 differ … [Read more...] about Is the Home Sale Price a Public Record?

Negotiating Strategies When Buying a FSBO Home

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Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real estate agent, the seller comes out the winner on this one. So does it make sense for you as a buyer to buy FSBO home? We take a look below. What you Might Lose Buying a FSBO Don’t get … [Read more...] about Negotiating Strategies When Buying a FSBO Home