Getting a foot on the property ladder is becoming harder and harder. House prices are increasing, interest rates are sky high, and young people don’t have as much disposable income as they used to. Buying a house is probably the most expensive purchase you will make in your entire life. And your budget will dictate the property you are able to buy. But even if you’re not earning as much as ... Read the Post
5 Money-Saving Tips For Buying Your First Home
Different Types of Mortgages
Traditionally, if you are looking to buy a home, it means that you will need to take out a mortgage. This is a loan from the bank which helps you to pay off the price of a house. In order to qualify for a traditional mortgage, you will usually have to put up at least three to twenty percent of the house price in order to show that you are a trustworthy lender. There are many different types of ... Read the Post
How to Get Approved for a Mortgage
Looking to purchase a home? Unless you have hundreds of thousands of dollars at your disposal, you’ll need to get a mortgage. A mortgage is a loan specifically designed for the purchase of property. It allows you access to money upfront, with a plan to repay the loan and its interest over the course of a designated number of years. Let’s chat “mortgages”. Read on to learn all about how you can ... Read the Post
Find the Best Home Equity Loan Lenders Near You
Are you considering different ways to finance an upcoming expense, such as replacing the windows in your home or paying for your child’s college tuition? It’s not uncommon to hear from another homeowner that they are planning to take out a home equity loan, usually in order to pay for something relatively expensive. If you also own property, you’re also likely eligible to borrow money in this ... Read the Post
Buying a Home: Do You Have Enough Cash for Every Expense?
If you’re buying real estate property for the first time, you may not realize just how costly it can be. We’re not just talking about the cost of the house itself or the associated interest rate. You also have to look at other expenses related to the transfer of the property from the owner to you. Here’s what you should know: Property Taxes When checking out houses for sale in West ... Read the Post