A recent study commissioned by Fannie Mae shows that homebuyers, especially when they are first starting out, should focus on getting a mortgage first, and then work on finding a home to buy. This is … [Read more...]
24% of U.S. Homes Sold in 2017 Sold Above List Price
In a report from Zillow, 24.1% of U.S. homes sold in 2017 were sold for above list price, which is an average of $7,000 (3.1%) over list price. This is an increase from 17.8% in 2012. In certain areas … [Read more...]
How Much Can You Afford to Pay for a Home?
Answering the question, "How much home I can afford?" is not easy, because the answer varies from person to person. So in this video, Mary Catchur gives an overview of what you should consider when … [Read more...]
How Much Can You Afford to Spend on a Home?
Deciding how much to spend on a home is a very personal decision. From a mortgage perspective, you will qualify to borrow up to a maximum amount. But from a personal perspective, borrowing the maximum … [Read more...]
Overview of Closing Costs When Buying a Home
If you're in the process of buying a home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase … [Read more...]
4 Money Mistakes That Could Cost You Your Dream Home
Most of us need to take out a mortgage to buy a home, which means we'll need pay down debt and save money to buy our dream home. The higher your credit score and the lower your debt-to-income … [Read more...]
7 Common Mistakes Homebuyers Make
Buying a home can be a very exciting experience, but some people make the mistake of rushing into the process without taking the time to plan. This can put your long-term financial future in jeopardy, … [Read more...]
Lenders May Require You To Have Flood Insurance Before Closing Your Home Loan
Lenders require you to have flood insurance before closing on a home loan. A lender will obtain a “flood certificate” early in the underwriting process, which will also indicate whether flood … [Read more...]
Buying a Home? Where will the funds for the down payment come from?
If you are getting pre-approved to buy a home and the lender does not ask you specific questions about the source of the funds you plan to use for closing costs and the down payment, they may be … [Read more...]
