Buying a home is likely the most significant financial transaction you will make in your lifetime. While preparing to purchase a house is exciting, it’s understandable to feel a bit overwhelmed (especially as a first-time buyer). Take a deep breath and relax. We’re here to help ease your mind as we address some of the most commonly asked questions for first-time homebuyers.
Did you know the time of year you buy a house can make a big difference in the price you pay? Just like buying a car or TV, certain times of the year are more favorable for home purchases – and shopping during the winter will often get you the best bang for your buck.
One of the most significant financial benefits of being a homeowner is the ability to tap into your home’s equity. As savings balances continue to shrink due to inflation, more people are exploring home equity loans to fill the financial gaps. However, is this a smart use of your home’s equity?
Becoming a homeowner is an exhilarating journey marked by significant financial commitments and meticulous planning. The pride of owning your own piece of the world is a remarkable milestone. Yet, amidst the excitement of this achievement, the financial adjustments of being a homeowner often catch people off guard.
Purchasing a home is a significant financial investment that takes time and dedication. While house hunting can be exciting, you need to complete several steps before ensuring you’re ready to become a homeowner. This guide will walk you through a series of actions you should take to confirm you’re prepared for the long-term commitment of homeownership.
As a homeowner, you possess a unique financial advantage – the ability to build and utilize the equity in your property. Home equity loans offer an affordable means to finance a wide range of expenses, including home renovations, weddings, and higher education. But how do you know if a home equity loan is your best option?
With both mortgage rates and home prices inching upward, many potential homebuyers are searching for financial solutions. Some lenders now offer 40-year mortgages to provide financial relief for home seekers. The question many members are asking is whether a 40-year mortgage makes financial sense.
Everyone holds their own perspective when it comes to handling finances. While friends and family may offer well-intentioned guidance, not everything you hear is necessarily accurate or beneficial. Much of it can be misleading or misguided - causing you to overlook opportunities or make poor financial decisions.
Whenever you watch the news or read the latest headlines, someone claims that home ownership is no longer attainable due to rising interest rates. But is it true? Or is it just another thing to hype in the day’s news cycle? While interest rates are rising because of inflation, homeownership is still achievable today. Not only that, but interest rates remain historically low and affordable.
Imagine saving money for years to buy your first home. Then, in the blink of an eye, your dream of owning a home, and your savings, are gone. It’s a nightmare scenario that’s becoming all too common. Real estate wire fraud spiked during the pandemic. The best way to protect yourself from this type of scam is to familiarize yourself with how it works.
