Buying a home is a major life decision for anyone. Learn more about the home buying process through our guides and tips to make sure you find the right home for you, choose the best mortgage and financing, and avoid surprises throughout the process.
If you’ve felt stressed while buying a home, you’re not alone. A 2023 Redfin survey found that most people find home buying to be more stressful than other common high-anxiety experiences like dating, potty training a toddler, and even getting into college. It’s easy to understand why buying a home ranks so high on the…
Buying a home in a high-interest-rate environment requires careful planning and strategic decision-making. Despite these challenges, there are effective strategies to navigate this market and achieve your homeownership goals. Whether you’re considering adjustable-rate mortgages, shorter-term fixed-rate loans, or exploring other financial options, understanding how to manage in this environment can make all the difference. Anyone…
For some prospective homebuyers, rising interest rates might make it feel like the dream of homeownership is slipping away. The good news is that even in a high-rate environment, you have multiple strategies to help you lower your interest rate or the total cost of your loan. One such strategy is the mortgage buydown. Mortgage…
Making an offer on a house is a critical step in home buying. Your offer price and the seller’s response may have implications that last for years! Savvy buyers know that successful offers — those that work for both the buyer and seller — don’t happen by chance. They take forethought and planning, plus an…
You’ve come a long way on your homebuying journey. Now, you’ve finally found a home that’s just right, have signed a purchase contract, and are waiting for the sale to close. But how do you know that the home you’re buying is in good condition? This can cause some stress even if you’re pretty handy,…
Achieving homeownership is often the culmination of a long-term goal, possibly tied to aspirations like starting a family. Strong emotional bonds develop with our homes, making it vital not to let emotions dictate the home-buying process. It’s essential to approach this milestone strategically to ensure sound decision-making. Approach Home Buying Strategically Savvy homebuyers strategically navigate…
Every homebuyer has different needs, especially when it comes to financing especially mortgage loan options. That’s why there’s no one-size-fits-all mortgage solution. In fact, there are various types of home loans, each offering distinct features, requirements, and advantages. Asking, “what type of mortgage is best for me?” is crucial during the home-buying journey. Your lender…
On August 24, 2022, the Biden Administration announced a final extension to the student loan repayment pause, a federal student loan forgiveness program for borrowers who meet certain income and eligibility requirements, and new income-driven repayment plans for current and future borrowers. For more information or to find out if you qualify, visit StudentAid.gov. This…
Sooner or later, most homeowners debate whether to buy a new home or renovate their existing one. It’s a challenging question with financial, practical, and emotional implications. Complicating matters are the extraordinary dynamics affecting the U.S. real estate market and home improvement industry in 2022 and beyond (like rising interest rates, higher home prices, increased…
Considering buying a foreclosed home? The potential to find a great deal on a significantly discounted property is appealing. Buying a foreclosure could yield major financial rewards, but it’s crucial to remember there are substantial risks to weigh as well. Keep reading for specifics, including pros, cons, and tips for purchasing a home in foreclosure,…
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