With rates slowly on the rise, does buying still make sense vs renting?
With rates slowly on the rise, does buying still make sense vs renting? With mortgage rates slowly increasing is buying more affordable than renting?It’s no surprise that when headlines scream that rates are on the rise while others declare that rates are historically low, borrowers have questions and concerns. Historic context is key to understanding […]
A seller’s market? Be prepared to spend to sell.
A seller’s market? Be prepared to spend to sell. It is commonly discussed that it can be expensive to buy a home however no one thinks about the cost of selling. Right now it is a sellers market so surely it can’t be that expensive to sell, right? Not always.Is your house really ready?Today’s homebuyer […]
Employment Contracts
Employment Contracts You have accepted a new job offer and would like to purchase a home, the catch, you still have to fulfill the contingencies of the offer; such as background check, drug testing – all the normal employment criteria. The question is, when I can start looking for a home based on this particular […]
Loan Exceptions
Loan Exceptions So, you would like a loan program tailored to your specific needs? In some cases this may be considered an “exception”, something that is outside of specific loan program parameters, i.e., a credit score requirement, down payment, property type, lower interest rate, waiving a fee – these would all be considered exceptions. Your […]
Tax Advantages of Home Ownership
Tax Advantages of Home Ownership During tax season there is an active search for more deductions in order to reduce your tax liability. Unfortunately the ability to take deductions is largely reduced once the tax year is closed out. For this reason savvy consumers begin their quest for lower taxes early in the year, giving […]
Does 100% financing mean NO money at closing?
Does 100% financing mean NO money at closing? If you have been on www.doctorloanprograms.com for more than 2 minutes you probably realize that there are several great options available for a doctor buying a house! Some lenders in certain states even allow 100% financing with no mortgage insurance, which may seem too good to be […]
New Home Purchase and Funds to Close
New Home Purchase and Funds to Close If they are funds that came from a family member they will be considered a “gift” and gift documentation will be required. If they came from the sale of something you will need a bill of sale and evidence of the value. Tax refunds, tuition reimbursement, retirement withdrawal […]
Understanding Loan Approval Amounts
Understanding Loan Approval Amounts At the start of a home search, one of the most pressing questions on the minds of borrowers is how much can I be approved for? While it is a simple and straightforward question, the answer can be very convoluted, leading to a universal, it depends. Understanding what the lender is […]
So what happens after your purchase contract is signed?
So what happens after your purchase contract is signed? You have found the perfect home, negotiated a price, and signed the purchase contract. Now the process towards closing begins, which includes inspections, surveys and a property appraisal. Understanding the value in this process will help you decide if you want options inspections or if going […]
How to negotiate after home inspection
How to negotiate after home inspection Is there an art to negotiating the deal? You have negotiated a savvy deal on your new home and you are awaiting your home inspection results. The home looks beautiful and you like the way it makes you feel until you review the inspection results. Perhaps a new roof […]
