Interest rates and home prices are low. Your credit is in order, and you’re sick of renting. Ready to start your house hunt?
Finding the perfect home can take some time, so don’t be hesitant to start your house hunt early. It takes the average homebuyer 12 weeks to find a home to purchase, according to the National Association of Realtors (NAR).
Kick off your house hunt today with our congratulations, and via one of the following resources:
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In the end, the home will be yours.
But until the sale is complete and closing papers get signed, a host of people will help you use your VA home loan benefits to purchase a home.
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Cash is a wonderful thing. It may be true that it can’t buy love or happiness, but it sure is useful when it comes to groceries, gasoline and mortgage payments.
Real median household income, says the Census Bureau, reached $49,777 in 2009. That’s 5 percent less than households earned a decade earlier, in 1999, when they typically took in $52,388.
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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.
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First-time homebuyers are often shocked when they discover that the list price isn’t exactly what a new home will end up costing.
Securing a home loan comes at a price beyond the loan amount. That price comes in the form of closing costs, which are fees and charges you pay in order to obtain a purchase or refinance loan.
But what exactly are closing costs and how will they affect your purchase?
No one likes paying rent. Who wants to help someone else build equity in a house?
Get ready for rent to become even less enjoyable. Rents are climbing as the number of available rental units is declining, according to a report from research firm Reis Inc.
At the same time, the real estate market is overflowing with “for-sale” homes at rock-bottom prices. Could it be time for you to make a home purchase?
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First time homebuyers are hit with a slew of firsts. Whether it’s picking a real estate agent or deciding what neighborhood you want to live in, the home buying process can be very daunting.
Once you find an agent and the home of your dreams you may feel like the hard part is over. However, you’ll need to be prepared for the potentially grueling process of offering and negotiating before you pack up your things.
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 government has new mortgage information and guess what? It turns out that the use of VA mortgages has more than doubled since the financial crisis began — and that those who use VA loans have fewer foreclosures than any other group of borrowers.
This is a very big deal because the foreclosure crisis would be far worse had it not been for the use of FHA and VA mortgages. Now, for the first time, we can begin to see how government-insured home loans have prevented the fall of the housing market from being much worse.
There’s a big debate in lending centered on how much borrowers should know. You’ll be happy to learn that borrowers are winning — and that a new round of clarity is likely to soon begin.
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