Are you thinking about settling down and buying your first home? Congratulations! And, you’ve come to the right place. The process can be overwhelming for first-time home buyers, but we’re here to help you get organized.
Is your family starting to outgrow your starter home? Or perhaps you’re ready to downsize for retirement? Before you start shopping for your next home, prepare your current home to hit the market. Here are the top renovations that might increase your home value and help it appeal to potential buyers.
What does it mean to refinance a mortgage? It’s actually more simple (and less scary) than you might think. A refinance, or refi as the financial experts say, is replacing your current mortgage with a new mortgage. If the conditions are right, refinancing can help you save money and/or reduce your debt quicker. Today, we are reviewing four reasons a homeowner may opt to refinance a mortgage.
Thinking about a down payment can put a damper on your quest to live the American Dream and purchase your first home. The average down payment for a home is around 20% of the total cost. To some, that seems like quite a bit of money to have in one place (hopefully your bank account), at one time. But, determining how much you’re going to need is the first step to getting there. The next step is to determine your time frame. How soon are you looking to purchase? Next up, stop panicking. Here are few ways you can save money for a down payment.
From minor updates to major renovations, home improvements are an excellent way to increase the value of your home. You might need to update your home to prepare for a new baby or to refresh your empty nest, or perhaps you watch too much HGTV.
The term “fixer-upper” can scare many home buyers as they picture a home in desperate need of tender loving care (or more). But it’s a term that doesn’t always deserve a negative connotation.
No one who is serious about selling their home in West Texas – or anywhere, for that matter - wants it to sit on the market for an extended period. Time means money, because you may have to lower the listing price to attract potential buyers, plus you may end up having to pay two mortgages while you wait for your previous home to sell.
Let’s say you’ve just begun a search for a new home. You’ve looked at various houses, scouted different neighborhoods, and looked into area schools. It’s an exciting time!
But while all this research and fact-finding is necessary, you still have to qualify for a mortgage loan at a rate you can afford. And nothing affects your mortgage rate more than your credit score.
The process of buying a home is an exciting time and often creates memories which last a lifetime. It can also be a stressful time, especially financially. While you've done the research and worked with a lender to determine how much you can afford, it's also important to consider "hidden" costs of homeownership that you may not have considered.