Category Archives: First Time Home Buyers

Buyer’s Closing Costs

buyer's closing costs

In an ideal situation, both buyers and sellers pay their own closing costs on the purchase and sale of a home. These costs can be negotiable depending on lender requirements and current market conditions. Closing costs and fees are itemized on the closing statement and are usually paid at the time of settlement. Before contracting […]


First Things First

first things first

The first time you make a specific meal it is essential to have the recipe so hopefully it turns out just as you are expecting. By following the recipe, you know the ingredients and the preparation instructions can guide you through the process. When it comes to buying a home, it is basically like following […]


You Can Cut Your Housing Costs in Half

you can cut your housing costs in half

Cutting prices or offering sales prices will generally bring people buying anything out of the woodwork that may have not been serious buyers before. In today’s market, renters can easily lower their monthly housing costs by half or more by buying a home with all the financial benefits that it brings. A renter’s mortgage payment […]



Home Buying Begins with Help

Home Buying Begins with Help

A team of professionals is involved in the process of buying a home. You have the lender, the appraiser, the inspector, the property insurance agent, the title officer plus others. But a real estate agent may hold the most critical role. Baking a loaf of bread seems simple. With only four ingredients: flour, salt, yeast, […]


Update: COVID-19 home showing procedures

covid-19 showing procedures

These are unsettling times and buyers and sellers have a concern about keeping virus-free and staying healthy like the rest of us. To keep everyone safe, these new showing procedures should be considered before walking into a home. Agents are reporting that they are selling homes where the buyers have not physically been in the […]


Mortgage Shopping for Better Rates

mortgage shopping for better rates

Lower rates on mortgage loans not only help you amortize your loan faster you will also have a lower monthly payment. A $250,000 mortgage at 4.5% for 30 years will have a $1,266.71 combined monthly payment.  At 4%, the same loan will have $1,193.54 combined monthly payment saving you $73.18 a month and at the […]


Do you have the look? But not the type?

do you have the look?

The determining factor for what type of property you have is not in how it looks but rather in your intent for use. Based on your intentions, a property you own can be a principal residence, an income property, an investment property or a dealer property. Let’s look at the definition of each. Principal Residence […]



An Alternative Down Payment Source

an alternate down payment source

If you invest in or have a company-sponsored 401k, 403b or have a life insurance policy, you may know that you can borrow funds against these sources. Alternatively, you cannot borrow against the funds in a traditional or Roth IRA without incurring a 10 percent penalty before 59 ½ unless you use it for one […]