Reader Question: “I am researching mortgage loans to see which type might be best for me. How do I choose the right mortgage for my situation? Any rules of thumb or other tips?”
The best way to choose the right type of home loan is by doing exactly what you’re doing — research. In fact, I [...]
Can you really get a check for $8,000 to put toward your down payment on a house, courtesy of the U.S. Government? Well, not exactly. But this may soon change.
Currently, the first-time home buyer tax credit offers a credit of $8,000, but you can’t file for it until after you’ve purchased the home. So there’s [...]
Reader Question: What does it take to get a mortgage loan in the current economy? What credit score is needed for to qualify for a mortgage and buy a house?
These are such common questions from first-time home buyers, I thought it was time to address them again with this updated article. So in this blog [...]
First-time home buyers have always needed a lot of help during the home buying process. But now, in the wake of our housing crisis, first-time buyers need more help than ever before. Many are frightened by the economic horror stories they see on the news. Many are unable to get mortgage loans due to tougher [...]
Reader Question: We are going to buy a home later this year, and I wanted to know who offers the best mortgage deals. Is there a particular lender that has the best rates for first time buyers?
The U.S. government offers the best mortgage deals. They will finance 100% of your home and even give you [...]
If we have learned anything from the housing collapse of 2008 - 2009, it’s that first-time home buyers need to be better educated before entering the market. That’s where this tutorial comes into the picture.
Below, we have created a list of important steps to take when buying a home for the first time. This list [...]
Reader Question: I was told I should have a separate termite inspection on a house I’m buying, in addition to the regular home inspection? Is it really necessary to have both?
I would say that a regular home inspection is necessary in all cases, and a termite check is necessary in many cases. A regular home [...]