Tag: Buyer Tips

Do You Need a Jumbo Loan?

Posted on 03/31/2021

Photo by Bruce Clark from Pexels The Federal Housing Finance Agency (FHFA) limits how much you can borrow to buy a house. If you want to take out a mortgage that is above the limits, you have to apply for a jumbo mortgage. As of mid-2019, the limits were increased to $484,350 for most of the country. Some...

Financing

Will Your House Buying Plan Work?

Posted on 01/13/2021

Before you launch a home search, you should put together a property buying plan. That way, you will know exactly what you want to accomplish during the homebuying journey and can tailor your house search accordingly. There are many things you can do to ensure your homebuying plan will work perfectly, and these include: 1. Create Homebuying Goals You...

How to Tackle Homebuying Challenges

Posted on 01/06/2021

The homebuying journey may prove to be difficult, and assorted challenges may arise that make it tough to quickly find and buy your dream house. Whether it's encountering problems during a home inspection or negotiating a house price with a property seller, there is no telling what may happen during your pursuit of your dream home. However, if you...

Preapproval vs Prequalified Letter: Which Is Better?

Posted on 12/09/2020

Photo by Lukas from Pexels If you're ready to get serious about your home buying journey, one of the first steps is seeing various lenders. As you become more familiar with the process, you'll likely hear the terms preapproval and prequalified mentioned again and again. We'll look at how each letter works and what you should know before...

Preapproval

Determine If a House Is Right for You

Posted on 11/25/2020

The definition of a "dream house" varies from homebuyer to homebuyer. Fortunately, there are many things you can do to determine if a residence is right for you. Now, let's take a look at three tips to help you evaluate a home so you can decide whether to proceed with an offer to purchase. 1. Review a Home's Features...

Prepare for a House Search

Posted on 11/18/2020

Before you launch a home search, it helps to prepare for the property buying journey as much as possible. Fortunately, there are many things you can do to get ready to find your dream house. Now, let's take a look at three tips to help you prep for a home search. 1. Establish Homebuying Criteria If you know you...

How To Search For A Home

Community Considerations: HOAs or Non-HOA

Posted on 08/19/2020

Photo by Curtis Adams from Pexels Homeowners associations (HOAs) exist to maintain the cleanliness and appeal of a community. Whether a home belongs to a HOA is a major consideration for home buyers. Some see it as a benefit, others a deal breaker. Here's what to consider before going with or without a HOA. Privacy If privacy is...

HOA

Community