Tag: how to buy your first home

Don’t Get Caught in the Rental Trap!

Don’t Get Caught in the Rental Trap! There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don’t become trapped A recent article by Apartment List addressed rising rents by stating: “Rents are up 2.7% year-over-year at the national level. Year-over-year …

Continue reading

Homebuying Step 3: The Search

STEP 3 The Search You’re really doing it! You know what you can afford and you’ve got your pre-approval letter. But before you buy the home of your dreams, you’ve gotta find it first. Don’ts – Don’t worry about color. It can be changed. It will be changed. Assume you will have to paint when moving …

Continue reading

5 Tips for First-Time Home Buyers

Buying a first home can be a scary, confusing and stressful process. Many would-be buyers are understandably nervous at the prospect of making the largest purchase of their lives. Rather than diving in and hoping for the best, It’s wise to prepare carefully before you begin the house search. Following are some useful tips will …

Continue reading

First-time homebuyer video

Here’s a quick video designed to take the mystery out of the home buying process and detail some of the services you can expect from your REALTOR®.

FHA loans getting more expensive

In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FHA loans, by design, are more liberal in their underwriting guidelines than most conventional loan …

Continue reading

Money to buy your home and fix it up also!

FHA 203K Program Whether you’re looking at a foreclosed home, a bank REO, a Short Sale or really any home, you need to be aware of the FHA 203K Program. The general condition of real estate has taken a dip over the past few years, as homeowners are not sprucing up their home as they have …

Continue reading

First-time homebuyer videos from HUD on YouTube

HUD has recently released three short informational videos on YouTube for first-time homebuyers: Shopping for Your Home, Shopping for Your Loan, Closing the Deal.