Building a home can be stressful. Figuring out the appropriate mortgage product doesn’t have to be. Most people understand the basics of a standard mortgage, but many don’t understand that there is a different approach when you decide to build a home. We are here to break down the basic characteristics of a construction loan so your dream of building a home can become a reality!
You’ve decided to take the big step of buying your first home. Or maybe you’re just starting to weigh your options. Either way, there are a lot of things to keep in mind when beginning the process to ensure you don’t get overwhelmed. Here are 11 tips to help you through the first-time home buying process.
It’s often said that things improve with age. A lot of people don’t realize that this is also true as it pertains to your credit score. Credit scores don’t take age into consideration, however approximately 50% of a credit score is based on length of credit history and payment history.
We’ve all heard how important our credit score is. But have you really thought about the lasting effects it could have on your future ability to borrow? Have you taken the time to monitor your credit reports and really understand what they mean? We’re here to help break it down for you!
For many people, homeownership is synonymous with the American Dream. It’s also one of the biggest financial decisions they will ever make, which can be daunting. So, how do you really know when it’s time to make the jump and purchase a home? One thing you can do is take stock of the benefits of homeownership and decide if they make sense given your current situation. Sure there are additional costs, like regular upkeep and unexpected repairs, but often times the benefits outweigh the associated costs. Here are a few.
Buying your first home is a big decision, but the process doesn’t need to be a daunting one. Taking the time to ask yourself these ten key questions and doing your research prior to your home purchase can assist in taking stress out of the buying process.
