Tag Archives: buying a home

Small Business Owner? Here’s What You Need to Know About Mortgages

If you are an entrepreneur or a small business owner, you probably know that there are a lot of advantages to this lifestyle – the freedom, the exciting challenges, the opportunities and the ability to make a living doing what you love. However, you also know that being a small business owner can make some things more challenging – such as apply for a mortgage for your home. Many small business owners find it tough to get approved for a mortgage, because their income can be erratic and the banks want to see proof of consistent earnings over a significant period of time. However, it is possible to qualify f ... Click to Continue

Buying a Home with a Mortgage? A Quick Guide to Closing Costs and What to Expect

  Whether you're just starting to shop for a new home or you've already found the perfect new house and you're ready to submit an offer, if you're taking out a mortgage loan to cover some of the home's purchase price you should be aware of the various closing costs you may encounter. In today's blog post we'll share a quick guide to closing costs and what you can expect to pay when you buy a new home. What Closing Costs Do Buyers Typically Pay? As you move forward in the home purchase process you'll incur a variety of fees that cover document preparation, inspections and other services that are requ ... Click to Continue

Applying for a Mortgage? Three Questions Your Lender Will Ask You – and How to Prepare Your Answers

  Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. That means your lender will be asking you several questions about whether or not you can afford a mortgage. Here's how you can prepare to answer these questions in a way that will increase your likelihood of approval. How Stable Is Your Income? Your lender is going to want to know that your income is going to be stable over the life of the loan. This means that you should be able to document steady employment, that investment income ... Click to Continue

Failed Negotiations: What to Do when the Seller is an Immovable Object

  Once you've found the perfect new home and delivered your first offer to the seller, you may find that they return with a counteroffer or a flat out refusal. Negotiation is part of the home buying process, but at times you may feel like the seller is the one holding up the deal due to their approach or attitude. In this blog post we'll share a few ways to manage an unreasonable or stubborn home seller so you can get the deal closed. Ask Yourself: Are Your Demands Reasonable? Before trying to figure out how to work the seller from a different angle in order to win the home, you'll need to assess wh ... Click to Continue

Moving to a New City or Community? Here’s Why You’ll Want to Meet the Neighbors

  Are you moving to a new community or a new city? When you find a new house that meets your needs and seems like a perfect fit, you'll want to take some time to meet your potential new neighbors before you sign on the dotted line. In today's blog post we'll share a few reasons why meeting the neighbors can help you feel right at home in your new community. Your Neighbors Are Experts on Your Local Community Whether you have questions about the area's safety at night or you simply want to know where the best coffee shops are, you'll find that your neighbors are an excellent source of ... Click to Continue

Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to Pay

                If you're in the process of buying a new home, you've likely heard the term "closing costs" in regards to the many different fees and taxes that you'll be required to pay during the purchase process. In this post we'll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home. Taking out a Mortgage? There Will Be Fees Attached If you're taking out a mortgage to finance the cost of buying your home you'll end up incurring a variety of fees. Nearly all lenders will charge a mort ... Click to Continue

Children Leaving the Nest? 3 Pieces of Sage Advice You Can Share About How to Manage a Mortgage

              Before you know it your time has flown by and now you’re are no longer changing diapers, attending their sporting events, senior prom  or catching that college graduation!  Where did the time go?  Don't worry you’re Parenting never ends. In fact,  when your children are about to step out into the world on their own, you'll want to help them on their way, especially when it comes to buying a house. As your sons or daughters prepare to take the plunge into home ownership, make sure they follow three crucial tips that will help them during ... Click to Continue

Removing Smoke and Pet Odors from a Home

  As exciting as selling or buying a home should be, there's no denying that it can be a stressful endeavor for those interested in making their investment an attractive option for buyers. Nowhere is this more evident than for homeowners who were former smokers or even pet owners who have allowed their pets to do as they please on the carpets, hardwood or linoleum flooring throughout the home. While it's truly commendable to quit smoking or to train your pet, removing the smell of these preexisting odors from a home can feel like an impossible task. With that in mind, here are some of the most effective w ... Click to Continue

Understanding Your Credit Score and How It Impacts Your Home Ownership Prospects

  Your credit score is an important part of your financial profile. It has a direct impact on your ability to take out loans. The score itself is a numerical reflection of your credit history. It gives lenders a way to discern your reliability before approving a loan like a mortgage for instance. Though this is the basic function of a credit score, it can also have a far-reaching influence over other aspects of home ownership. Mortgage Loan Approval: Will Your Score Make the Cut? First and foremost, the status of your credit score is a deciding factor in whether or not you are appro ... Click to Continue

The 5-Minute Guide to Flood Insurance: What It Is, How It Works, and Whether You Need It

  You've got house insurance, and assume your property is covered for any type of detrimental occurrence that can possibly take place. However, not all homeowners are aware that home insurance policies don't necessarily cover damage related to a flood, as the risks are too great. As a result, homeowners must purchase flood insurance through a private company. Floods are one of the most common hazards in the US, costing billions of dollars in damage to properties every year. What Is Flood Insurance? Flood insurance policies are typically made available to homeowners in flood-prone ... Click to Continue