In a competitive housing market, buyers are pulling out all the stops. While you may have saved enough money to purchase a house with cash, there are several things to consider. Here are the pros & cons of a cash offer. PROS Interest Rates Paying cash will save money on the overall cost of a new home. The amount paid in interest over a 30-year mortgage will most...
There are quite a few costly myths surrounding home buying, some of which can easily confuse first-time buyers. Don't be fooled by these common misconceptions before you begin house hunting. To help you navigate this complex process, I've decided to debunk some common home buying myths so you can find a home the right way. You Need A 20% Down Payment Large down payments are no longer the only...
Homeownership can get expensive, especially as first-time buyers navigate the summer months. Not only are homeowners responsible for the maintenance and upkeep of their property, but also bills, insurance fees, property taxes, and even HOA fees, in some cases. And as the summer heat drives up your bills and your home requires more maintenance, learn how you can reduce some of these homeowner costs with...
The newest figures from Redfin.com show that the typical home buyer could save more money per month with an adjustable-rate mortgage over a 30-year fixed-rate mortgage. While the interest rates may be lower for an adjustable-rate mortgage (ARM), they are guaranteed to change! The current interest hikes for fixed-rate mortgages have put several would-be buyers out of the game due to unaffordable monthly...
Obtaining funding for the purchase of a new home can feel complicated and overwhelming when you're unfamiliar with the process. There are people out there who can help, and it’s essential to know who to contact and how they can best help you. Understanding the roles of mortgage brokers, lenders, and loan officers before starting the pre-approval and mortgage lending process will be beneficial in the...
Most homeowners have a list of things they’d like to change in their homes. Throw in a few episodes of HGTV, and the list continues to grow! The most common reason homeowners don’t act upon their wish list of renovations is the cost of a professional contractor. Professional contractors can be pricey, which leads to the most common reason homeowners tackle renovation projects on...
Now that the market is springing into action, I want to address the most common questions, and concerns buyers typically have. Efficiency and accuracy are critical! Time is still of the essence in this market, so the more you know going in - the better prepared you will be! WHAT DOES A REALTOR® DO? A REALTOR® will educate and inform you of all your options and provide all the information you need to...
Most future homeowners will need a loan in order to buy their house. But what’s the mortgage application process and how does it work? Well, I’m about to share that with you! Before Applying for A Mortgage Application Before even looking at houses in Seguin, you need to determine your budget. This will usually determine the location and square footage of your future property. You’ll need to...