It’s the American dream, putting your family into a home they will grow and learn in. You’ll soon find there are some savvy moves you need to make before you unpack in your new home.
Take a look at your credit, get a copy of your credit reports and learn your score before you approach a lender. Lower credit scores could prevent you from obtaining a loan you need, so you need to be prepared for questions the lenders will ask. Request pre-approval from a lender so that you will know how much you can afford to spend on a house. Evaluate how much of down payment you can afford, the down payment amount also tells you what price range to consider when looking for a house.
There are so many things to consider when you are buying a home – browse our articles below to receive more information about buying the home you’ve always dreamed of!
Make sure the sales contract on your new house or condominium includes a home inspection clause before you sign it. The inspection clause should clearly state that your final obligation…
Mortgage lenders have begun requiring home buyers to either make a 20 percent down payment or buy private mortgage insurance in the wake of the mortgage meltdown. Some mortgage lenders…
Obviously, everyone should know exactly how much house they can actually afford to buy before they end up going online to shop or begin cruising neighborhoods scouting out the “For Sale”…
The median sale price for a home in New York City is $1.2 million. A key factor when deciding whether to buy or rent with incredibly high prices like these,…
For homeowners out there- old or new, finally paying off your mortgage is a dream come true. Having this huge financial burden lifted off your back will free up a…
Your credit score is absolutely crucial when you are applying for a home mortgage loan because a low credit score will inevitably translate to paying higher interest rates. In fact,…
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