Posts with tag 'Down payment'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 16 Posts
- 2025 | 48 Posts
- 2024 | 48 Posts
- 2023 | 48 Posts
- 2022 | 48 Posts
- 2021 | 48 Posts
- 2020 | 44 Posts
- 2019 | 48 Posts
- 2018 | 48 Posts
- 2017 | 2 Posts
- 2014 | 1 Posts
28
5 Things You Shouldn't Do During the Closing Process
So you made an offer on the home of your dreams, and the seller accepted. The last thing you want to do is prolong the closing. Your mortgage is contingent on you maintaining the same financial profile throughout the closing period, and any abrupt changes may lead to problems or delays. Our real estate agents made a list of the five things you shouldn't do during the closing process.
10
How to Make an Offer Stand Out in a Competitive Market
In a competitive real estate market, home sellers have an advantage over buyers. You can still find a great home at a price you can afford, even in this type of market, but you may need to make your offer stand out in case the seller receives other offers. The amount of money you're willing to spend is important, of course, but there are also other ways to give your offer a boost in the eyes of the seller.
Our real estate agents suggest the following ways to make your offer stand out in a competitive housing market:
13
5 Myths You Shouldn't Believe About the Real Estate Market
Everyone who has ever bought or sold a home has opinions about the real estate market, which can make it hard to separate fact from fiction. Some of the most common tips that you'll hear about the real estate market are based on myths, and some of those myths have had impressive staying power across generations. Our real estate agents are here to set the record straight, with 5 myths that you shouldn't believe about the real estate market.
12
Buying a House: How Do I Raise My Credit Score?
Searching for Brighton homes for sale is an exciting experience. Our REALTORS® want to ensure that you're fully prepared to make an offer that puts the deed in your hand and the keys in your pocket. Unfortunately, many homebuyers don't realize that there are a few elements within a real estate transaction that may prevent you from owning your dream home — especially your credit score.
Credit scores change over time, and although you may be diligent and responsible with your debt, a mistake can drop your credit score to a level that's not attractive to mortgage lenders. A fraudulent or incorrect transaction that you're unaware of can also harm your score. Credit scores range from 300 to 800; the higher the score, the better it looks in the eyes of lenders. Thankfully, even a really low credit score can be raised to an acceptable level with a little planning and discipline. Here are five ways home buyers can increase their credit score while house hunting.
- Keep an eye on your credit score.
To take care of your credit score you first must know what it is. One of the worst things you can do is not check this number regularly. Many financial institutions and credit card companies even offer free credit score reporting every month. This enables you to see your score each month without potentially lowering it. If your report seems lower than it should be, investigate the previous months that show a drop. There's always a possibility that your card may have been used fraudulently. If you see a transaction that wasn't yours, report it immediately.
31
Here's How You Can Afford to Buy a Home in Brighton
Buying a home is a significant investment that requires you to dig deep into your pockets. At first, it may feel like an impossible challenge. However, it is not as impossible as it seems. With a little planning and the application of a smart financial strategy, you can move into your new home sooner than you may think.
Four Strategies that Lead to Homeownership
- Get Your Financial House in Order
As a general rule, you will need to save at least 5% of the home's price for a down payment. That is why our REALTORS® recommend getting your financial house in order as soon as possible. This involves cleaning up your credit, paying down debts, and trimming your monthly expenses to the bare minimum. You may need to sell-off non-contributory assets such as extra cars, refinance existing loans, or cut back on the weekly latte meetings with friends. These factors have considerable influence on your ability to save. When these are taken care of, you will find it much easier to save up the down-payment. How long it takes to accomplish these objectives is up to you. Motivated buyers have been known to do all of this in one year. More commonly, it takes between two to three years.