Scraping together money for down payment is one of the most common challenges American homebuyers have today. It can be hard to come up with a down payment for a home when, ideally, it has to be around 20 percent of the property's purchase price.Typically, a 20 percent down payment is necessary to have an attractive mortgage offer. It can significantly reduce the mortgage … [Read more...] about Is a Silent Second Mortgage Legal?
In an age where smartphones redefine the way news is spread or business is made, where supercomputers are catapulting humans’ reach into deep space, and where the internet is rapidly becoming the medium of progress, the mortgage industry is noticeably left behind. Majority of its processes still rely on manual operations and only a few have seemed to embrace the power of … [Read more...] about Tech for Mortgage: Revolutionizing an Entire Industry
Every home buyer has their own characteristics or personalities. For pet-loving home buyers, the biggest factors that help them decide which home to purchase has something to do with their furry friends.When pet-lovers become homeowners, expect that their home buying preferences are influenced greatly by the needs of their pets. They look for properties that are conducive … [Read more...] about Pet-friendly Homes: A Pet-lover’s Guide to Buying a Home
Perhaps your family has grown since you bought the home you're living in and there isn't any room for the little newcomer. In this case, expanding the home's living space can be the only option.However, deciding to expand your home needs careful planning and requires a lot of work. It doesn't happen overnight so you need to have patience and be critical about whether or not … [Read more...] about Factors that Help Determine If You’re Ready to Expand Your Home
HomeFundMe is a platform that allows potential homebuyers to crowdfund their down payment. More recently, it launched a portal where employers can pitch in their employees’ crowdfunding venture.Crowdfunding is just one among many modern-day methods to overcome the down payment hurdle. HomeFundMe has combined this with contribution matching so an eligible homebuyer can raise … [Read more...] about Need Help With Your Down Payment? This Crowdfunding Site Might Get You Started