Short sale properties can be a low-cost way for many people to purchase the home of their dreams. These homes, also called distressed, are ones that the owner can no longer afford. Rather than letting it fall into foreclosure, the bank agrees to allow the owner to sell it for less than they owe. While …
Purchasing a home can be a time consuming and confusing process. With all the steps involved in the process, there are many myths that have been created, which could sway potential buyers away from wanting to buy a home. In reality, many of these myths are incorrect. There are several common myths in particular, which …
For people who want to purchase homes in and around Grand Rapids, there is one concept that you need to get used to. Mortgage pre-qualification will play a hugely important role throughout the home buying process for any Grand Rapids home buyer. What does this term mean to you? In its simplest form, mortgage pre-qualification …
If you are on the fence about buying renting, you need to consider your long-term financial situation. In reality, it’s almost always better to buy a home and here are four benefits of buying a Grand Rapids home instead of renting. Control: When you rent an apartment or home, you don’t enjoy any control …
Now that you are ready to purchase a home, it is time to calculate the down payment costs. Your down payment will include the amount you are applying to the cost of the home and the closing costs. Being prepared for these costs can make a difference in your home buying experience. Down Payment On …
When looking at places and deciding what to buy, a potential home buyer will deal with plenty of people. Sometimes, to a buyer, it will seem like an overwhelming and time-consuming process. However, when working with professionals, you can see the process go smoothly. For example, with a loan officer, the process will go smoother …
If you are buying a home in Grand Rapids, you should be aware of how the accumulation of mortgage points can help or hinder you. Mortgage points can have a positive or negative impact on you during the home purchasing process. You can control the impact of points on your purchase by understanding how points …
Buying a home is the largest purchases most people ever make, requiring plenty of planning and an adequate amount of savings to apply for the down payment. Typically, down payments require anywhere from three percent down on FHA loans to 20 percent for conventional loans, meaning it often takes several years to save the appropriate …
Purchasing your first home will be one of the most exciting times of your life. It will most likely be the largest investment that you ever make. It is where you will entertain friends and family, and it is where you will go to rest and relax each evening. With so much at stake, it […]
