First-time Buyers: How first-time buyer programs work If you’re in the process of buying your very first home, there are some buying programs out there you may want to take advantage of. First-time buyer programs are just that. They’re geared towards first-time homebuyers, and they’re available in cities and counties all across the nation. Specifically, these types of programs aim to help provide first-time buyers with things like down payments...Continue Reading
Side Hustles to Help you Save for a Down Payment Affording your monthly mortgage payment is just part of owning a home. Most homebuyers also put down a down payment, which in turn helps make that mortgage a bit more manageable. The down payment you’re responsible for is dependent on which type of loan you choose. A 20% down payment is something mortgage lenders like because it ensures you’re more...Continue Reading
Making the move with a bridge loan If you’re ready to move on from your old home, but it still hasn’t sold, you may want to consider applying for a bridge loan. Essentially, the loan helps you move on to a new property, by providing an immediate, short-term loan. In this situation, you’re able to make the move without waiting for your original home to sell or writing a contingency...Continue Reading
FHA 203(k) guidelines – How to use one loan to buy and fix up a home While some people are drawn to move-in ready homes, others welcome the chance to tackle a more challenging fixer-upper. Making even just a few key improvements to a home can help you quickly build up equity. One challenge, though, is finding a lender willing to approve the loan for a home that requires...Continue Reading
FHA 203(k) – Tips on finding and hiring a contractor If you’ve already done your homework and you understand everything there is to know about an FHA 203(k) loan, it’s now time to hire a good contractor. This is an extremely important part of the process because you want to make sure the work is done correctly. In order to qualify, the contractor you use must be Licensed Insured Generally,...Continue Reading
