Are VA Loan Appraisals Tougher?

Your status as a military veteran gives you access to benefits that make buying a home easier. Yet your VA loan does come with a few requirements. A VA loan appraisal must be completed before a lender can approve the loan. At first glance, these appraisals are intimidating. You may have even heard that the ones […]

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Hidden Costs When Buying a House

You’ve carefully planned your budget to buy a house. You may have checked out the prices for homes in your preferred neighborhood. While this is a great start, you also want to avoid being surprised by these often unexpected costs that are involved with many home purchases. Home Inspections and Appraisals Many lenders require you […]

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How Does a Balloon Mortgage Work?

Balloon mortgages used to be one of the primary loan types used by people buying a home. Although the practice of issuing these types of mortgages has recently become less popular, there are times when one could work to your advantage. What Is a Balloon Mortgage? A balloon mortgage is written to cover a shorter […]

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How to Come Up With a Down Payment

Down payments on a home show lenders that you are responsible with your money. They also give lenders an added sense of security, since they are not having to issue a loan for the full value of your new home. Being able to put a down payment on a home opens up options that help […]

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5 Financial Benefits: Buying vs Renting

In life, being willing to make a change is critical for enjoying greater financial success. At times, renting has its benefits. You may rent an apartment or house for its location or the ability to split payments with roommates. Yet, there comes a point when the rent cycle may be hurting you financially. The decision […]

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Touring Etiquette for Home Buyers

Home buyers get excited about touring potential new homes. Not only do you get the chance to find your perfect living space, but you also get to check out new design concepts that help you narrow down what you want in a home. However, you do need to remember that this is someone else’s house, […]

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