If you are interested in finding your first home, the worst thing you can do is just start looking around. Why? Because you might be setting yourself up for a big disappointment. If you start looking without knowing what your actual budget is, you will have no idea what sort of … [Read more...] about Knowing Is Half The Battle
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First, Pay Off Old Debts
If you are looking into purchasing your first home, you might be tempted to start saving every penny you can for your down payment. But in reality, there are some other payments you should be making first... If you have any outstanding debt, the time to pay it off is now. Not … [Read more...] about First, Pay Off Old Debts
Beware of Longer Term Mortgages
As you know, there are a lot of different mortgages on the market these days, and it can be tough to know which one is right for you. Some people swear by the traditional 25 year mortgage, meaning that your house will be completely paid off in a quarter of a century. But … [Read more...] about Beware of Longer Term Mortgages
How Much Down Payment?
In the old days, the question of how much you should put down for a down payment on a home was simple – ten percent. But these days, ten percent of a home’s value is a lot of money, and many homebuyers searching for their new home simply do not have that kind of money lying … [Read more...] about How Much Down Payment?
Fixed or Adjustable?
If you are looking for your first new home and are reviewing mortgage materials, you might be wondering if you should sign up for a fixed rate mortgage or an adjustable rate mortgage. Which one makes the most sense? A fixed rate mortgage means that your rates are fixed in place … [Read more...] about Fixed or Adjustable?
Don’t Miss Out On Extended Tax Credit
I've mentioned this before, but I want to make sure that anyone interested is aware in time to take advantage of this great opportunity. Basically, as part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed … [Read more...] about Don’t Miss Out On Extended Tax Credit