5 Signs You’re Ready to Buy a Home
Tuesday, 16 April 2019
Taking the plunge into homeownership is equal parts exciting and nerve wracking. But how do you know when you’re truly ready? The answer is different for everyone. To help you decide, though, here are five signs that perhaps the time has come for you to buy your first home. 1. You’re financially prepared to buy
- Published in First-Time Homebuyer
No Comments
Comparing a 15-Year and 30-Year Mortgage
Monday, 08 April 2019
“Should I take a 30-year or 15-year home mortgage?” This is a question many first-time homebuyers ask. The answer to that question is not a simple one, as it depends on each individual’s needs and situation. We’ll go over these two common mortgage types below to provide some clarity and help you make a decision.
- Published in First-Time Homebuyer, Mortgages
Do You Qualify for the Welcome Home Program?
Friday, 01 February 2019
When it comes to buying a home, many buyers are put off by the idea of having to come up with a 20% down payment. And while 20% may sound like a lot, it’s important to understand that the larger the down payment, the less time it will take to pay off the mortgage. If
- Published in First-Time Homebuyer
3 Reasons Why a Mortgage Payment is Better Than Rent
Wednesday, 19 December 2018
Which is better: a mortgage payment or a rent payment? Many will argue that it’s a waste of money to rent when you could be making house payments instead. Others will say it’s cheaper to rent than to make mortgage payments. There are pros and cons to both, but here are three major benefits that
- Published in First-Time Homebuyer, Mortgages
Your Complete Dictionary of Common Mortgage Terminology
Wednesday, 14 November 2018
Here’s a glossary of mortgage terms and related phrases to help you decipher the process. List of Common Mortgage Terms and Definitions Adjustable-Rate An adjustable-rate mortgage is one of the two most common mortgage types. Its interest rate changes after a predetermined fixed period (such as one year, three years and so on). It’s known
- Published in First-Time Homebuyer, Mortgages
How to Build Your Credit Before Applying for a Mortgage
Thursday, 01 November 2018
When you apply for a mortgage, lenders will look at many different factors, including your credit score, debt-to-income ratio, loan-to-value ratio (loan amount versus the value/purchase price of the property), and savings history. If you’re applying for a home loan, it’s a good idea to try to raise your credit score in preparation. Here are
- Published in First-Time Homebuyer, Mortgages
The Best Time to Take Out a Home Equity Loan
Wednesday, 14 March 2018
A home equity loan is a great way to finance big budget items or projects. However, before you make your decision, you’ll want to make sure you have all the information you need to ensure you’re taking a home equity loan out at the right time. How a Home Equity Loan Works You may
- Published in First-Time Homebuyer
How to Pick A Realtor You Can Trust
Wednesday, 07 February 2018
How To Pick a Real Estate Agent If you’re looking to buy your first home, you’re probably also looking for a real estate agent you can trust. A real estate agent makes the home buying process simpler and often faster, which can be a real benefit in your busy life. However, if you’ve never been
- Published in First-Time Homebuyer
The Top 4 Benefits Homeowner Families Have Over Renters
Wednesday, 22 November 2017
There are a lot of benefits to owning a home vs. renting. Being part of a home- owning family gives your children an extra boost when it comes to social opportunities, community involvement, overall health, and educational performance. And the best part is, the advantages of owning a home don’t depend on how wealthy
- Published in First-Time Homebuyer
Grow Your Wealth with Homeownership
Wednesday, 01 November 2017
There are a lot of financial benefits that come with homeownership: you accumulate wealth, you receive special tax breaks, you save money in the long run compared to renting, and you build your credit along the way. Most first-time homeowners aren’t entirely new to large financial obligations because they’ve already invested in college or a
- Published in First-Time Homebuyer