Prepare Mortgage

Mortgage Preparation

To buy any home, you will need a mortgage. Mortgage preparation is a vital step in the process of becoming a homeowner. Whether you take on a traditional mortgage or you buy a house through a less traditional method such as a rent-to-own or a foreclosure, you will need to know how to prepare yourself for everything that comes along with being a homeowner. Resolve yourself to this preparation, and you will be well our your way to owning a new home.  Here are a few ways to prepare you to take on a mortgage.

(more…)

Buying a House as a Gig Worker

Buying a home as a contract or freelance gig worker can be challenging.  There are more and more people these days who rely on freelance work combined with part-time jobs to make ends meet.   These types of incomes are not something that most lenders have historically had to consider when it comes to giving people large sums of money to buy a home.
(more…)

mistake to avoid when buying a home

5 Mistakes to Avoid When Buying a Home

Buying a home is not an easy task, and it is very easy to make a mistake or miss a step. For first time home buyers, it is very easy to make mistakes when buying a home.  Doing just a little bit of research before buying a home can help to avoid many of the pitfalls and blunders that befall many people when they set out to be homeowners.   Know what mistakes to avoid when buying a home can mean the difference between prosperity and possible ruin.

(more…)

Federal Interest Rate Jumps for Second Time in 2018

The Federal Reserve has raised the prime interest rate for the second time this year alone and the seventh time in the past two years.  Not only is this the second rate increase this year already, but the Fed is also expected to raise the rate at least two more times before 2019.  After meeting for two days, the Federal Open Market Committee held a vote for the increase its benchmark fed rate.  This is the sixth rate increase in three years and moves the central bank further away from fiscal policies which helped America regain some momentum in the markets to recover from the recession a decade earlier. This rate increase comes on the heels of a strong economic outlook and the expected rise in GDP.

(more…)

6 Best States for First Time Homebuyers

Saving up enough money to buy a home can be challenging for most anyone, but that burden is particularly heavy for first-time homebuyers. Just coming up with the whopping twenty percent down payment.  Over half of Americans do not even have one thousand dollars in savings much less fifty to eighty thousand lying around for a down payment.

The good news is you may not necessarily need the full twenty percent down if you are a first-time homebuyer.  The average down payment is more around eleven percent, and among buyers under the age of thirty-five, it is even lower at around eight percent.  However, even at eight percent in some areas like Los Angeles, San Francisco, or New York City eight percent is can still hover around forty to fifty thousand dollars.

(more…)

Prepping to Buy a Home

If you are a buying a house for the first time, you must prepare for some additional, unexpected expenses. When buying a home, there are almost always additional costs you will incur that you had not thought about before buying.  We know you were excited because you found that ideal home at the right place in the right neighborhood with almost all those features you had on your checklist.  Be careful though because you do not want to end up paying a ton of money unexpectedly right after you move in.

(more…)

How a Cosigner’s Credit Score can Affect your Home Loan

When buying a home with a co-borrower, it is essential to know how both of your credit scores can affect your loan. We are going to address issues such as how much the credit score of each borrower affects the loan? Does having a cosigner change how much we can borrow? What about the interest rate? There are numerous areas of confusion around these topics and many others on the subject of home loans with more than one borrower.
(more…)

6 Steps to Save Money for a Down Payment

One of the most significant hurdles to overcome when buying a home is saving enough money for a down payment.  Second behind that is poor credit which we talk about here.  Saving money is hard and when it comes to keeping more of their hard earned money the majority of Americans are all in the same boat. Take a look at this recent survey which suggests a surprising 57 percent of Americans have less than 1000 dollars in savings, and a staggering 39 percent have no savings at all.  The struggle to save money in today’s economy is a genuine struggle.
(more…)

Great Decorating Ideas Under $500

There is no time like the present to add some style to a bare wall. Today we are examining a few great design ideas for adding some fantastic and beautiful decor to any area of the home that needs a little warmth and color during these grey, cold winter months. Not only are these ideas stylish and comforting but they are also affordable.

  (more…)

Rent to Own Homes in Bakersfield, CA

Californians know that Bakersfield is the best place to stop on a road trip between Sacramento and Los Angeles.  But Bakersfield’s location has given the city a thriving job market and a healthy economy through the agriculture and oil industries.  Bakersfield is one of the most affordable places to buy a home in California, and it has a strong sense of community that makes it a great place to raise a family and settle down.

The entire San Joaquin Valley in the heart of California is a bit like Texas.   Oil fields, crops and livestock litter the entire valley along with Bars and boot-scootin’ honky-tonks.  But true to California, the locals here have embraced the idea of locally sourced fresh food and vegetables.

(more…)