Category Archives: First Time Home Buyers

Waiting on your dream home…Why?

Some buyers are under the impression that they need to wait until they have saved a 20% down payment so when they buy their dream home they can avoid mortgage insurance (PMI) which lenders required when the loan-to-value ratio of larger than 80 percent. The only exception to this rule is VA loans. Here is […]

How much do you want to pay?

A higher house payment doesn’t mean your home is more valuable. It means that you got a mortgage loan rate higher than it has to be. If you are looking to lower your monthly mortgage payment then an adjustable rate mortgage can do that for you only factor to consider is how long are you […]

Are You Ready for This?

A short story about an offer presented to a single, senior woman who was relocating to a retirement home: The offer was for full price and had reasonable terms and timelines. The seller would not accept it. As the offering agent delved deeper into why, the agent discovered the seller was upset about her dining […]

A Down Payment Source to Consider

Most of us know that if you withdraw funds early from your IRA you pay a 10 percent penalty. Current withdrawal age is 59.5 years old. But first-time homebuyers have an exception available to them. They are allowed to withdraw up to $10,000 per person, penalty free, if they did not own a home in […]

Being “Open” for Open Houses

While it may take some work to prepare for your open house, allowing interested buyers into their potential future home will make them feel at ease instantly and visualize this home as their own as they walk through and picture their belongings there. Remember to declutter every area to accent the spaciousness of the home […]