Buying a house with no money down is possible but comes with tight restrictions. You may find more availability with a low down payment mortgage and grant options. If you’re a first-time homebuyer, consider speaking with a home lending advisor to find a mortgage that best suits your needs...
Getting preapproved has a few potential benefits. With a firm estimate of what your lender is willing to offer, you can make more informed decisions when house hunting. With a conditional commitment in hand, any offers you make might be more competitive as this document signals the financial ba...
Ifbuying a houseis on your mind, but you just can’t get a deposit together, or you doubt your ability to handle a mortgage on your own, you might be contemplating buying a property with a friend. Doing so could benefit both of you as you share the costs of the deposit, repayments ...
Learn More: How To Buy a House With No CreditWhen Can a Seller Back Out of the Purchase Agreement?Sellers also face consequences for backing out of a purchase and sale agreement. If a seller backs out after signing the purchase and sale agreement — say, there’s a case of seller’s ...
House prices rise and fall, but no matter what the market does, one thing remains the same—a home is a necessity. Soaring prices in recent years have made it harder for the average family to buy a home in Virginia and around the country. Experts are predicting that this bubble will ...
Easier home-buying process in a hot housing market with multiple competing offers Long-term financial benefits of taking out a low-interest mortgage while investing their moneyImportant A cash buyer's home is not leveraged, which allows a homeowner to sell the house more easily—even at a loss...
before choosing one. “Someone with knowledge of an area can tell if your budget is realistic or not, depending on the features you desire in a home,” Kruger says. “They can also point you to adjacent areas in your desired neighborhood or other considerations to help you find a house....
If it is found later that the house has ahidden defect, there shall be an inquiry into whether the seller breached his duty to inform or whether the buyer failed to comply with his duty to investigate. In the first case the buyer could dissolve the sale or receive damages compensation. Ho...
If you want to move, you'll need to market your house and wait for a buyer to offer the right price before you cash out the equity in your home. Depending on the market, you may end up waiting a lot longer than you'd like before you can move elsewhere. HOA Fees You may be requ...
This is a topic that makes owning feel a lot less fun than renting: If something in your house breaks, there’s no landlord to deal with it. You own it, so you have to maintain it. This is part of why lenders like to see a substantial cushion in case of emergencies — and why ...