Tag: Homebuyers

Posted on 11/08/2022

VA Loans & Conventional Loans: Which Is Best for First-Time Homebuyers?

You have many choices for financing your first home purchase. If you're a U.S. veteran, it might seem like an easy decision to opt for a VA loan over a conventional loan. However, understanding the major differences between the two options will help you get the best financing for your needs. Here are the basic things first-time homebuyers...

Conventional Loans

First Time

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Posted on 11/01/2022

Buying Your First Home: What to Expect on Closing Day

You've gotten an offer accepted on your first home. The appraisal and inspection came back fine. Now, all that's left to do is eagerly await your closing date. This is the day when you will sign all the paperwork that makes your first home purchase official! So, what should you expect as you prepare for this big day?...

Buyer

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Posted on 02/01/2022

A Beginner's Guide to Loan Options Available to Veterans

For U.S. military veterans, there are many financing options available for buying a home. What's typically called simply a "VA loan" can actually mean multiple specific types of loan. Depending on your situation, you might find one more helpful than the other. Here is a basic guide to the different types of loans available to veterans: VA No-Down-Payment...

Homebuyers

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Posted on 11/30/2021

Do You Need a Bigger Down Payment?

Many financial experts suggest paying a 20% down payment when buying a home. While for some prospective homebuyers this may be a simple task, others might wonder if the suggested 20% of the home purchase price—or higher—are necessary. Here are some reasons it benefits you to make a larger down payment when buying a house: Score Better Mortgage...

Down Payment

Financing

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Posted on 09/15/2020

How Does a Balloon Mortgage Work?

Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...

Mortgage

Financing

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Posted on 08/18/2019

Should you Buy a Home Without an Agent?

You may be thinking to yourself that rather than hiring an agent, you could use that commission money for something else. In most cases, buyers' real estate agents will ask for five to eight percent of the property's purchase price, which is certainly not cheap. After all, can’t you just post your ideal house on a Facebook forum...

Buyers Agent

Real Estate

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Posted on 03/11/2019

How to Know When You're Ready to Buy

You’ve been a renter for a long time because you knew you had wanderlust and might pick up and move at the end of your lease. Now you've stayed in the same place for a couple of years. You've put down roots and built relationships. You have a sense of community. But are you ready to buy? Buying...

Mortgage

Homeownership Costs

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