From handling all of the maintenance to homeowners insurance, there are as many new responsibilities that come with owning a new home as there are benefits.
Although property taxes increase drastically with a home purchase there are a number of tax benefits offered to homeowners that you’ll want to take advantage of.
When you research the steps to buying a home, undoubtedly the first and most important step is to check your credit.
Checking your credit before the process of searching and purchasing a home begins allows you to get an understanding of your own financial situation and what to expect when it comes to lending and rates.
You’ve completed that stroll down the aisle. Honeymoon? Done.
The next big step? Buying your first home together.
Buying a home with your spouse could either simplify or complicate an already tricky process. Consider these tips when buying your first home together:
The past few years FHA loans have been enormously popular. This is largely a byproduct of the fact that FHA financing is a known quantity; these loans have been used by more than 37 million borrowers since the 1930s.
No less important, FHA financing is safe. Like VA loans, an FHA mortgage doesn’t have any “gotcha” clauses that create unfair costs or surprise foreclosures.
The popularity and safety of FHA financing raises a question: Instead of getting a VA mortgage would it make more sense to get an FHA loan now and save your VA entitlement for later?