Posts Tagged ‘buying a home’

If you’re buying a home, you’ll likely find a lot of homes that are part of a Homeowners Association—or HOA—during your search. This is especially common with new construction houses, condos, and townhouses. Some homebuyers will deliberately steer clear of homes that are part of an HOA, while others might choose to seek these properties […]

If you’re in the process of buying a home and looking for ways to save, you may have considered buying a foreclosure. Aside from purchasing a home that is going through foreclosure, you may also be presented with the opportunity to buy a short sale. But is a short sale worth considering? The following are […]

  Some of the most overlooked costs of homeownership include: Insurance There are various types of home insurance policies you’ll need to purchase, depending on what types of natural disasters your area might be prone to. For example, you might need to purchase hurricane, flood, or fire insurance. Maintenance Even in newer homes, at some […]

  If you’re thinking about purchasing a home soon, it’s important to remember that there are more expenses to consider aside from the initial purchase price. Homeownership includes a lot of other expenses that are frequently overlooked, and include both one-time fees and ongoing costs. As a new homeowner, you’ll want to be prepared financially […]

  The following are some tips for finding a real estate agent: Experience There’s a good chance that you’ll have quite a few options for real estate agents operating in your area, ranging from novice agents to those with many years of experience in the field. If you have the option, you’ll want to pick […]

  If you’re buying a home, working with a real estate agent can be extremely helpful throughout the process. Also, as the buyer, you don’t pay any commission fees. But finding the right real estate agent can mean the difference of finding your dream home in a snap, or months and months of what may […]

This article briefly explains the differences between the three main options, in addition to some pros and cons, which can help you during the decision making process. Mortgage brokers Just like any other type of broker, a mortgage broker will do a lot of the legwork for you and help match you up with the […]

  Closing costs are an unavoidable expense when it comes to buying a home, especially if you will be financing your home. With proper planning, you can potentially save hundreds—or even thousands—of dollars throughout the closing process. Some ways you can help keep your closing costs at a minimum include: Getting a Good Faith Estimate […]

A traditional mortgage payment will consist of both principal and interest, whereas an interest-only payment won’t count towards your principal. This is sometimes an attractive option for first-time homebuyers that otherwise can’t afford their mortgage payments, or are looking to cut down on costs.   The most common types of interest-only mortgages don’t give borrowers […]

Buying a foreclosure can be a great opportunity to purchase a home that you otherwise wouldn’t have been able to afford. These deeply discounted homes are not as plentiful as other listings, but here’s how you can easily find what’s on the market in your area: Work with a real estate agent A real estate […]