For most of us, the purchase of a home is the largest financial transaction of our life. A transaction that must be guided by a competent professional. Someone who can properly advise you throughout the process and
Excellent credit is the key that unlocks excellent credit terms, and bad credit results in much higher costs or lost opportunities. Credit is evaluated by most mortgage lenders in tiers. The best terms go to borrowers with excellent credit, average terms go to borrowers with above-average credit, the most
Mortgage interest rates begin with the Federal Reserve (the bank of the U.S. government). “The Fed” sets a main interest rate called the Federal Funds Rate, which influences a wide range of other interest rates, including the prime rate. “The Funds Rate” is what banks charge one another.
Have you been looking do some home improvements? Do you want to take that dream vacation? We all have things we’d like to do but feel we can’t because we don’t have the money. Sure we could work or save more, but that takes time. What do you do if you want or need money now?
There was a time when foreclosure meant that a property would only sell to the truly “desperate” or adventurous investors. However, the market has been changing and now home buyers are constantly looking for new ways to save money. As such, more people are seriously considering buying foreclosures because they can get value for their buck if they buy smart.
Have you been looking do some home improvements? Do you want to take that dream vacation? We all have things we’d like to do but feel we can’t because we don’t think we have the money. Sure we could work or save more, but that takes time. What do you do if you want or need money now?
If it weren’t for loans many people wouldn’t be able to buy a home. Saving up money can be incredibly difficult, most of us are too focused on getting by to put too much aside for the future.
If you haven’t already found a home you are interested in, trust me, there will come a time when you find one that looks just perfect for your purposes. It looks great on paper, in person and the price is right.
Like most folks, we rarely get things perfect on the very first try. Every one of us learned to walk by falling down more times than we could count. Mistakes are a part of life, but some mistakes are more costly than others. Take shopping for a home for example.
When buying a home, you’re not just making sure you have a roof over your head. You’re investing in something with hopes and dreams that it will pay off some day in the future. And like any investment, there’s a degree of uncertainty involved.