The American Dream is based on property ownership. Yet those who aspire to it are often stymied by the roadblocks imposed by banks and finance companies. Particularly in the case of first-time home buyers, conventional loan products can be severe in their approval requirements
Buying a house should be a very exciting time in your life but it often includes a certain degree of stress. Buying a house during the COVID-19 pandemic is bringing about an entirely new dimension to a buyer's emotions and stress levels.
A contingency in a real estate contract is an event or circumstance which must be met or rectified or the contract may become null and void. The contract allows for a certain period of time or until a certain date for these contingencies to be met.
Your home is one of your most expensive and important investments you'll ever make. When purchasing one, you should have a home inspection performed to protect that investment. Home inspectors look for defects and safety hazards in homes that may affect the home's value.
Buying a home is an exciting yet sometimes stressful time. This will most likely be one of the largest investments you'll ever make. As there are many steps in the process, here's a brief overview to guide you onto the right path.
Taxation policies of the federal, state and local governments can shower favorable effects on home purchasers and owners throughout the duration of habitation.
How, then, do self-employed people qualify for a mortgage? They usually receive income from multiple origins and with multiple tax implications. Needless to say, their annual 1040 tax filings may not fully represent everything received in any given year.
To own one's own dwelling is a testimony to self-reliance and responsible provision for the family. With a few notable exceptions in financial history, houses generally appreciate in value.
Whether your motivation is finding a place to grow a family or make a long term investment, you'll follow the same financial guidelines on determining how much house you can afford.