About 60 percent of home buyers put 6 percent or less down on their home purchase, according to data from the National Association of REALTORS®. Some aspiring buyers may be unsure of how to come up with that amount. But there are plenty of simple things they can do to start saving. NAR offers the […]
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Category: Tips for Buyers
Things NOT To Do Before Buying A Home
Once you write an offer to a home you love, please do NOT do the following so that you will not jeopardize your loan approval. If you must do any of the following, please consult your loan officer beforehand. Changing jobs. Using credit cards excessively (try to keep balance at 30% or less of your […]
Top 7 Reasons to Own A Home
1.Tax benefits The tax code allow you to deduct the interest you pay on your mortgage, your property tax, and some of the costs involved in buying a home. 2. Appreciation Real Estate has had a long-term, stable growth in value. In fact, median single-family existing home sale prices have increased on average 5.2% each […]
Earnest Money Scam. Watch out!
When making an offer, a buyer must deposit a lump sum of money (Usually 3% of the purchase price) to show the seller that the offer is legitimate. It is known as the “earnest money deposit” or EMD. Once the seller accepts an offer, EMD should be delivered to escrow within 24 to 72 […]