Posts Tagged ‘mortgage’
Your Essential Guide to Budgeting for Home Ownership
Budgeting is a crucial first step when considering purchasing a home, as it lays the foundation for financial stability throughout the buying process and beyond. To determine how much you can afford, it’s essential to carefully assess your income, expenses, and savings, especially focusing on the down payment. Your income serves as the primary source…
Read MoreCreative Ideas for First-Time Homebuyers Down Payment Assistance
I purchased my first home in the late 1970s. It took me several years while working two jobs to save $2,000 for the down payment. I proudly bought my 900 square feet home for $22,000 with an 18% mortgage interest rate. Yes, that’s correct, an 18% interest rate. And I almost didn’t qualify because I…
Read MoreThings You Need to Know About Buying a Home
Buying a home can be a big decision, so here are some key things to keep in mind: 1. Budgeting: Determine how much you can afford by considering your income, expenses, and savings for a down payment. 2. Mortgage Options: Explore different types of mortgages (fixed-rate, adjustable-rate, etc.) and get pre-approved to know your borrowing…
Read MoreNew Home Tidbits from a Builders Panel for Realtors
I recently attended a luncheon with a panel of five builders who discussed upcoming trends for new homes. Their comments were so interesting that I decided to share their opinions with you. When asked about upcoming trends in new builds, they shared these thoughts:
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