The Ins and Outs of Giving or Receiving Down Payment Gifts
For many first time buyers, saving for a down payment is one of the most challenging steps in fulfilling their dream of purchasing a home. Oftentimes, they know they can afford their potential monthly mortgages (which could be less or equal their current rents), but the upfront costs of ...
The Rise of Multigenerational Living and the Challenges That Come With It
A multigenerational household is typically made up of aging parents, their adult children, and their teenage or young grandchildren. This setup has seen a steady rise in recent years, with over 64 million Americans living and sharing a multigenerational household, according to a 2018 Pew ...
7 Safety Tips to Prevent Kitchen Fires This Thanksgiving Holiday
We may have been cooking more at home ever since the COVID-19 pandemic hit, but the days leading to the Thanksgiving holiday are when most of us will spend the entire day in the kitchen preparing and cooking everything—from the glorious turkey, to potatoes, pumpkin pies, and any other ...
Fixed-Rate vs Adjustable-Rate Mortgage: Which Is Right For You?
Whether you're getting your first home loan or are re-entering the housing market after a long time, choosing a mortgage product is definitely a tricky affair. There are many factors to consider aside from your financial situation, such as the current interest rates, how long you plan to live ...
3 Huge Tips For Refinancing Your Mortgage Even If You Have Bad Credit
Refinancing your mortgage can help ease your financial burden and give you some breathing room. And with the current rates staying at an all-time low, it might be worthwhile to look into refinancing options so you can save money on your monthly payments. However, one of the biggest ...
Selling Your Home This Year? Avoid These 6 Mistakes For A Smooth Sale
Selling a home is no different from buying your first. It can be complicated, time-consuming, and emotionally challenging. There's no way you can just let go of your precious abode and easily trade your house keys for a sweet pile of money. This is why it’s easier enough to make ...
The Key Professionals You Need On Your Team When Buying A Home
The home buying process can be tricky and complex, and the last thing you'd want is to go at it alone. Your journey towards landing on your dream home can only be smooth sailing if you have an experienced and talented team of professionals to guide you in every step of the process. Even if ...
The Pros And Cons Of Buying A Property Near A Cemetery
Would you mind buying a home near a cemetery? Or do you think it could be a “grave” mistake, especially if you're on the hunt for your first home?With roughly over 144,000 cemeteries and graveyards located in the U.S., it isn’t surprising that many of them are located close ...
Common Closing Costs To Prepare For When Selling Your Home
If you're planning to sell your home, take note that buyers aren’t the only ones who have to pay closing costs. Sellers also need to shoulder a variety of closing costs, and it’s something you need to factor into the sale price since most of it will be deducted from the profit on ...
7 Potential Red Flags To Watch Out For When House Hunting
Buying a home is exciting and challenging. You'll get to see different properties, each with its own features and personalities. But purchasing a home is also a huge financial commitment—you can’t just get carried away due to excitement at the cost of overlooking important details ...
A First-Time Home Buyer's Guide to Down Payment Assistance Programs
What is the most difficult part of buying a home? For many first-time buyers, their biggest hurdle is coming up with enough money for the down payment. In the National Association of Realtors® 2019 Profile of Home Buyers And Sellers, buyers cited that student loans, credit card debt and ...