When you buy a home, it’s often a good idea to include some contingencies in the purchase contract. These contingencies protect you should something go wrong after you sign the contract. They give you a ‘way out’ if certain situations occur. One popular contingency is the appraisal contingency. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn … [Read more...] about Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
First-Time Home Buyer
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 benefits for new homeowners to see if you may benefit. Mortgage Interest Perhaps … [Read more...] about List of Tax Benefits for New Homeowners
When you apply for a mortgage, lenders ask you a lot of questions not only about your credit and income, but your assets too. Basically, they want to know that any money you use for the loan is your money. Typically, this means money from income you made. But in some cases, it can also mean gift money. Get Matched with a Lender, Click Here. Whatever the case may be for … [Read more...] about What Types of Assets Qualify as Liquid Reserves for Home Loans?
If you are ready to buy your first home, there are many things you should know about the mortgage approval. It takes some time to prepare yourself for the mortgage process, ensuring that you get the best terms and rates available to you. Compare Offers from Several Mortgage Lenders. Keep reading to learn the first-time homebuyer’s secrets that you need. Understand Your … [Read more...] about What First-Time Home Buyers Need to Know About Mortgage Approval
First-time home buyers are often at a larger disadvantage than subsequent homebuyers. They may have lower credit; a shorter credit history; or little money to put down on a home. Luckily, none of these factors prevents consumers from buying their first home. The government offers a variety of guaranteed programs that help people, including first-time buyers get a home. These … [Read more...] about Federal Government Programs for First Time Home Buyers