There are always things that you wish you had done differently. As they say, ” hindsight is 20/20/ But, when it comes to making one of the biggest purchases in your life, as a home buyer, you are better off learning as much as you can from the experiences of others. Read on to see things other home owners wish they knew before purchasing their homes.
So often in real estate, we get stuck on a number. It is easy to get mired in the small details of it all. But, it’s the big picture that’s important. There are many ways to which this common scenario applies to real estate. Here’s a list of some obstacles that block buyers, sellers, renters, and homeowners from maximizing the value of their real estate experience.
Getting over the down payment hurdle can be tough. For first time home buyers, it may feel impossible. However, getting a loan on a home may not be as difficult as you think. With these no or low down payment options, buying a new home is within your reach.
Setting A Budget The budget you would like to have and the budget you should have are two different things. Use receipts of past purchases to inform your budget. This will help you understand how much money you actually have to spend on housing. Tracking expenses will also give you insight about possible savings. Debt Reduction Debt to income ratio or DTI is something … Read More Buyers Guide To Financing A Home
Good news! Mortgage insurance premiums on FHA loans are set to decrease by 0.25% on Federal Housing Administration–insured mortgage loans that close on or after Jan. 27.