While searching for the perfect home, one of the very first questions that most lenders, realtors, and/or sellers will ask concerns the percentage of down payment. What is a down payment, and why is it important? Quite simply, the down payment is the amount of cash the buyer will put towards the transaction. A higher…
There are many things that you can change about a home. You can renovate just about everything on the interior. You can alter much of the exterior. You can even demolish the home and build all new. The one thing typically out of your control is the home’s location – specifically its location in proximity…
Money: it’s probably the biggest thing on your mind when you start considering the purchase of a new home. As you crunch the numbers, it’s important to not just fixate on the mortgage payment but consider a few other items that will round out your new budget. First things first, your mortgage payment is made up of…
During your home search, you likely will come across the terms “move-in ready” and “fixer upper.” Those two terms can be interpreted differently, depending upon the individual. A buyer with experience in home repair may consider a home move-in ready, while a novice would define the home as a fixer upper. Although DIY shows stimulate…
What kind of home would you like to purchase? Besides “location,” this is one of the most important decisions a prospective buyer will make. Some of the main classifications for home types are single-family homes, condos, or townhomes. Each of them have distinct differences, and come with their own sets of advantages and disadvantages. Condo…
Buying a home is a learning process. You’ll hear fun, new acronyms, you’ll discover new words to add to your real estate vocabulary, and you’ll crunch financials using math equations that you probably haven’t seen since 8th grade. And, if you aren’t already familiar, you will learn about title insurance. What is title insurance? A…