Category Archives: Before Buying a Home

Mortgage Calculator

We often get asked for a simple mortgage calculator you can use, so here you go! Home Value: $ Loan amount: $ Interest rate: % Loan term: years Start date: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 […]

Also posted in Financing a Home | 1 Response

First Time Home Buyer Tip #4

Always talk to two or more neighbors of a house before writing an offer. Face it, you’re going to meet the neighbors sooner or later- wouldn’t you rather find out what they are like before you buy the house?!  Catch a neighbor out getting their mail or go up and knock on their door and […]

Posted in Before Buying a Home | 1 Response

First Time Home Buyer Tip #2

How can you tell what’s a good neighborhood? We like to use what we call the “9PM Rule”.  Here’s how it works … as you stand in front of a house you like, ask yourself, “would I feel comfortable with my mom walking around all by herself in this neighborhood at 9PM? You will have […]

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First Time Home Buyer Tip #1

Don’t close any credit card accounts during the loan process. What?? You thought it was bad to have too many credit card accounts, right? Well, if you have any type of credit account (in good standing) for a long time, it really improves your credit score. Closing those account will only harm you. So, use […]

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Should you Buy a Lease Option?

No! Ok, maybe that was too strong of a response… how about, probably not.  What do I have against lease-options?  Nothing really and they can be a very useful tool.  The problem is that they are a chain saw and if you’ve never even used a handsaw, you probably should not mess with one!  In […]

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Should I Pay Off all my Debts Before Buying a Home?

That’s a terrific question that we get all the time.  The answer is, as always in real estate, “it depends”.  Let me explain by way of an illustration.

Also posted in Financing a Home | 4 Responses

Should I Buy a House if Prices are Still Dropping?

Should you wait around until you know prices have hit “the bottom?”  And how exactly are you going to know when that glorious day has arrived?  What if interest rates go up by then?  So many questions! Here’s an idea: 1.  Find a house you like and would enjoy living in for at least 5 years.

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Top 5 Reasons Home Loans Get Denied

I can’t count the number of times I’ve been asked “Why aren’t banks loaning any money right now?” Not true! Banks actually are loaning money- lots of it- but the stories in the news have gotten people to think that nobody can get a loan right now. But, the ones that do get turned down […]

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Are There Any Zero Down Loans Left?

First time buyers love zero down loans and understandably so. They often have student loans to pay off, maybe a car loan or two, and have not been at their current job for long enough to save up a lot of money.

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