By Kay Bell
You’ve found the perfect house. Interest rates are still low. There’s just one thing standing between you and your dream home: a down payment.
Don’t abandon your homeownership dreams just yet. Here are nine ways to come up with the cash for your new home.
Pay Off Your Credit Cards
By Cheryl Knight
Buying a house is a life-changing process that requires lots of upfront financial planning.
When looking for a home, keep certain factors in mind, including your financial situation, types of available loans, your credit score, the price of the house and your down payment so you can navigate the process smoothly.
Your Financial Situation
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members, not only in the last three months, but over several years.
“ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the number of your Realtor®, Real Estate Broker and your escrow officer as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster,” Susan Wehrle, Vice President of Select Title Group said.
As stated on this site, the first step of The Buying Process is to get your pre-approval. We are very excited to launch the Second Opinion program with our preferred mortgage lender, Preferred Home Lending (PHL).
The program is very simple. We want to make sure that you have the very best mortgage to meet your financial needs. With this program, you can find out in three easy steps.
Here are four great reasons to consider buying a home today, instead of waiting.
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year.
Affordability challenges are weighing on the housing market, as many homebuyers and sellers contend with either being unable to compete or to find a new home within reach.
Buying a home, however, is still better than renting one in most states—35, to be exact, according to a recent study by GOBankingRates.
Buying a home is undoubtedly one of the most expensive ventures of your lifetime. But it’s important to understand that much more goes into budgeting for a new home than the price of the house itself—like closing costs.
Many homeowners have heard that homeownership is a great investment. However, knowing why and how is a different story. This is especially pertinent when it comes to home equity, which is often a homeowner’s largest financial asset, and can make up over half of their net worth. But how can you use your equity to your advantage?
By Damien Justus
Thanks to Reality TV, you can see people buying houses and flipping them for profit on cable television and even your local public network. While some of these shows tell you how much the people spend on each segment, others show this process as a seamless task that can be completed with almost no troubles. Experts come in to demolish the site overnight and the host gets to shop for trendy, beautiful replacements. Almost like magic, a new house appears, a huge amount of money is earned and everyone walks away happy.
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