Understanding how to find and finance the perfect home One of the best ways to find the perfect home is to make a plan—and stick to it. Even if you must make some changes along the way, you can prepare for almost anything by learning about the home buying process ahead of time. Step...
Buying a home for the first time can be a truly rewarding investment. However, since you will probably be making your biggest purchase ever, you need to be guided to avoid common mistakes, to save money and go through the entire process without stress. Here are the tips you need to buy ...
Buying a parcel of land to farm or build upon has many benefits but you'll have to jump through more hoops to finance such a purchase. Many lenders steer clear of land financing due to the increased risk involved. In typical mortgage transactions, a home is used as collateral to secure t...
you’re going to need deep pockets to pay for any big-ticket item or trip. Since we don’t have oodles of cash lying around (if only we did!) we need to finance them – and there are plenty of ways to do that these days. ...
Home Equity to finance a vacation home Your second option is to borrow from your existing property’s equity. There are a couple of ways to go about this. The most popular option is to take out aHELOC— a line of credit backed by the equity you have in your home. If you take this...
If you’re willing tonegotiate the price of the car, you shouldn’t ignore the rates and terms of your car financing. I made this mistake the first time I bought a car and vowed never to do it again. If you’re in the market for a new car, don’t wait until you’re in “the...
Buying property is the single largest investment most people ever make, and the majority will need finance in order to do so, but the already laborious home loan application process and its myriad criteria is even more painstaking for the self-employed. ...
Buying a house: A step-by-step guide1. Determine why you want to buyPurchasing a home is a major decision that shouldn’t be taken lightly. If you’re not clear on exactly what you want out of homeownership, you could end up regretting your purchase....
Buyers also need to set asideclosing costs, which can amount to between 3% and 6% of the purchase price, depending on which state you live in.7If you purchase a $200,000 home, you could pay between $6,000 and $12,000 in closing costs alone. The less you have to finance the loan...
Accompanying the expansion of owner-occupied housing, access to adequate finance is essential for promoting homeownership since housing is a major purchase that can rarely be paid off outright (Green & Wachter, Citation2010; Marais & Cloete, Citation2017; Monkkonen, Citation2011; Warnock & Warnock...