Like most things in life, when you purchase a home, there are a number of costs aside from the actual cost of the home that must be taken into account. These can quickly add up and it is common for a person to spend several thousand dollars in closing costs.
Closing costs are the things that one must pay before taking ownership of a home. This includes things like attorney fees, title searches, and loan origination fees. A lot of people don't realize it, but when you purchase a home, in addition ...
When purchasing a home, finding the right home is very important. One must consider the location in relation to not only work and shopping, but also the types of schools that are in the area. Often, this means selecting a home that is not exactly where you want, just so you can make sure your children are at the best school. While these decisions are quite important, equally important is the choice of the mortgage lender.
A mortgage is a type of loan that is used to help make it possible for people ...
Purchasing a home is a big investment and like all big investments it is one that should be made carefully. There are quite a few advantages to owning a home, but there are also a number of disadvantages, especially if it is something you rush into. One of the biggest disadvantages of owning a home […]
In today’s turbulent market, buying a home is not a choice that should be made quickly, nor taken lightly. It is true that home prices are extremely low, certainly the lowest in the twenty-first century, and interest rates have never been lower, with some mortgage lenders offering interests rates between 3.5% and 4.5%. However, many […]
Purchasing a home is something that can provide a number of benefits, both financially and emotionally. However, it is a big responsibility and since most people do not have the funds to buy the home outright, it means taking out a mortgage. Selecting the right mortgage lender is as important, if not more so, than […]
Buying a home is a big investment, in many cases the biggest investment a person will make in their life, so it is not a decision that should be taken lightly. It is very important to carefully weight the pros and cons of home ownership, to determine if it is right for you. Advantages of […]
Buying a home is a very big investment and not one that should be taken lightly. It is important to consider both the benefits and drawbacks to owning your own home, while comparing these to your personal situation. This will help you decide whether it is better to rent or purchase a home. Renting a […]
Credit Scores were first developed over fifty years ago when Fair Isaacs Corp Developed the first credit scoring system. Today, the Fair Isaacs Corp Credit Score, which is called a FICO score, is the industry standard and used by lenders to evaluate whether to offer an individual a line of credit or a new home […]