Owning a nice home is the dream. Paying on it until retirement is not. And yet, this is what many people find themselves facing. Maybe not all the way to retirement, but pretty close. Paying off a mortgage fast seems to be a part of that dream as well. I remember running across an ad ...
A mortgage is a loan on a property. A house mortgage is for your home. This loan is paid back over time with an interest rate you and the lender both agree on. It’s different than a traditional loan because the lender has the right to take the property if payments are not made. This can be ...
You want buying a house to be simple. It is not. You might end up lucky and only need to view a handful of homes. More likely though, you’ll look at least ten houses. Some will have the right price. More than likely, you’ll settle on a home that comes close to the price and ...
Buying a home is one of the most important decisions that people make during their lifetime. However, the process makes for an expensive investment, making it necessary to ensure proper financial planning before making the purchase. With property prices going up by the day, a good number of people turn to mortgages to help them ...
Buying a house does not have to wait for you to earn perfect credit. It also does not have to wait for you to save all the money to buy it outright. You can still obtain bad credit mortgage loans. The financial communities refer to this as a Subprime Mortgage Loan. Subprime Mortgage Loan For ...
Most of us want at least THREE things from home-buying experience. First, we want to FEEL GOOD about it. We want to believe we’ve settled on the right house, negotiated a good price, and locked in a decent interest rate with the right lender. Second, we want to UNDERSTAND IT, at least enough that we ...
Buying a house is an exciting time in your life. It is the beginning of the journey to owning something of incredible value. Perhaps it becomes your first real asset. It can also be an incredibly scary time, especially if this is your first house. There are so many things to consider. You probably have no idea ...
Let’s talk about mortgage loan basics. Although they are often the largest debt an individual will experience in their lifetime, mortgages are a wonderful creation. Imagine if you had to pay cash up front for any home you wished to purchase. How many bedrooms would you have in that scenario? How many square feet? If ...
Buying a home for the first time is a big deal. To help you get ahead, we’ve outlined some first-time homebuyer tips by calling out six of the biggest mistakes that you should avoid going into the purchase of your first home that could end up saving you a lot of time, money, and frustration. ...
“Am I ready to buy a house, or should I just keep renting?” It’s one of the questions that we hear most often and something to which first-time homebuyers often spend months, if not years, trying to figure out the answer. Below is a list of four tell-tale signs that you’re ready to bite the ...
