Determining how much house you can buy versus how much house you should buy is receiving much more attention these days, since the 2009 housing market crash. In the early 2000s, many homeowners overextended themselves on huge mortgage payments and wound up in trouble when they lost their jobs. How do you calculate what you should be spending on a home? First, you run the numbers. What Is Your Monthly Income? Mortgage officer Roger Reitland says this is the first question lenders will ask potential mortgage recipients. This income should be documented with paystubs and tax returns. Any unreported income will not be factored into the loan application process.Continue Reading
Posted in Buying a House
Buying a house with cash is one option for prospective home buyers. However, if you want to pay in cash, you should know how to properly negotiate the deal and make sure that it's worth it on your end. Paying for a house with cash is certainly attainable if you have adequately saved along the way and are sure that you won't put yourself into a troubling position. If you are interested in buying a house with case, take a look at the following tips and suggestions.Continue Reading
You've found your dream home and are now wondering, "Should I borrow from my 401(k) to buy a house?" You can use a 401(k) for payment towards a new home, but before you do, it's crucial to take a look at the disadvantages that come with it. However, there are advantages as well. Ultimately, it's up to you to decide whether or not you can take such a risk. The following tips and bits of advice can help you answer this common home buying question.Continue Reading
Should you buy a house? Should we buy a house? Can I buy a house? There's no getting around the fact that buying a home is an exciting but daunting process. Whether you are getting ready to buy your first home or you are trying to decide whether you should even buy a home, or you need to find a new home because you are starting a family, there are many questions you will probably want to have answered, including, "Can I buy a house?" Here are some common house buying scenarios along with related questions for you to consider.Continue Reading
As a mother with small kids I constantly look for ways to protect them and make sure we are all safe. When most of us parents think about home safety tips the first thing we want to do is learn more on how to protect our nest, we want to make sure we provide a safe shelter for the family to feel secure. They need to know that everything is OK under that roof.Continue Reading
Your home is your sanctuary. It is a place for you to relax and unwind after a busy day. Your home is where you go to be and feel safe. If your home is underprotected or has been burglarized, your feeling of security may be in jeopardy. There were over 2 million burglaries in the United States in 2012. While that number is down from the previous year, it is still a statistic that no one wants to become a part of. Using a few simple home security tips and tricks, you can protect your belongings, thwart off would-be thieves and increase the security you feel while home and away.Continue Reading
Without a doubt the kitchen is the most dangerous room in the house. Behind every closed door is the potential for injury or even death. So as a parent kitchen safety for kids has always been a priority. According to the US Fire Administration 30 percent of all house fires start in the kitchen. From 2008-2010 there were an average of 165,000 house fires annually caused by residential cooking, resulting in over 330 deaths and upwards of 10,000 injuries. But it's not just fires that make the kitchen such a scary place.Continue Reading
Everyone strives to save money on major purchases. So, when it comes to buying a house, paying a Realtor's commission can seem daunting and expensive. The fee—often based on a percentage of the cost of the home—can tally thousands of dollars. But for that money, a potential homeowner gets days, weeks or even months of service and guidance from a housing professional. Are you considering buying a house without a Realtor or real estate agent?Continue Reading
With housing prices remaining below former market peaks, and mortgage interest rates remaining historically low, buying your first home in today's market can be a wise investment. For first-time homebuyers, this process can be stressful and confusing. The best way to avoid undue pressure and frustration is to conduct careful research and prepare for potential pitfalls. Before you start looking for your dream home, consider the following steps that will make buying your first home a positive experience.Continue Reading
A home is one of the biggest investments a person will ever make. You will likely ask your lender or broker several mortgage questions along the way. Whether you are interested in purchasing your first home, need to secure a home loan or need home insurance or you are ready to move to another home, knowing more about how the process works and finding out the answers to key frequently asked questions, such as the ones listed below, can make the entire process much easier.Continue Reading
While most new or used car shoppers do extensive research into the various safety features and the latest technology offerings, one thing that many people overlook is the cost to insure their new ride. Insurance costs can vary dramatically between cars, even those that fall into the same category, so looking into the cost of insurance before signing on the dotted line is always a good idea.Continue Reading
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