So, you've decided to buy a house. Leaving behind the days of landlords, rent payments, security deposits, and roommates can be an exciting step in your life!
However, there are some benefits, but also disadvantages, to be aware of that come along with being a first-time home buyer. We've compiled some helpful information to guide you along in your journey and know what potential pitfalls to watch out for.
Buying a home for the first time is both thrilling and intimidating. That’s why it’s important to educate yourself as you prepare for homeownership.
In early 2020, just before the Coronavirus outbreak, the sale of existing homes was the best they'd been since 2007.
Unfortunately, the housing market nor anyone else saw COVID-19 and the impact it would have to come. The virus has changed the way of life for the entire globe, forcing many people to stay in their homes for months on end. Those that didn't lose their jobs began working from home in many cases, and plans for public outings have been put on the backburner indefinitely.
If you’re preparing to get a home loan soon, there are certain things you can do to set yourself up for a successful pre-approval process. Click to read more.
Consider the different mortgage options available to find the right one for you.
Applying for a home loan is one thing. Getting approved is another entirely.
Whether you’re a first-time home buyer or you’ve taken out multiple home loans, it’s good to familiarize yourself (or refresh your memory) with the process of how to apply for a home loan and get approved.
The process to apply for a home loan can be different based on what type of loan you are applying for. Learn what to expect when applying for an FHA loan.
Purchasing your first home is exciting. It's a rite of passage that most adults look forward to at some point in their lives.
As you're going through the process, there are several variables to consider. Along with picking a great realtor to help you find the ideal house in your price point, you have to make sure to choose a loan that works for your finances.
If you don’t plan to live in a home for 30 years, why borrow for 30 years to buy it? Oftentimes, the first home you purchase isn’t your “forever home.” If you’re shopping for a home for the first time, you may have heard of an Adjustable Rate Mortgage, or ARM. It’s a type of home loan with an interest rate that changes over time. Here's why you might consider an ARM for your first home.
Home Equity Loan vs. HELOC - what's the difference? Often referred to as the, "second mortage," let's talk about how to get started and the factors you should consider before getting a loan.
If you're a homeowner who feels like you have more space than you really need, you’ve probably considered downsizing into a smaller dwelling at some point. Here are 7 questions to ask yourself when you are considering the change.
Are you considering taking the leap from renting to owning? Consider these three costs before buying your first home.