Is it Worth Getting a Starter Home? Prospective first-time buyers face some tough decisions. Should you buy a starter home now or save to purchase your forever home? “I am a huge fan of buying now if you are ready. Waiting costs and loses you money,” Jordan says. “Every month you...
While a backyard pond might not be everyone’s cup of tea, it could certainly attract the right buyer. “I will say, in my years of experience, the ponds do add value not only to the home, but they add value to your mental well-being by just getting you to relax and enjoy the ...
It’s worth remembering that every situation is unique, so you may find it helpful to contact a local surveyor for an estimate that’s more tailored to your circumstances. Also, you might want to shop around for several quotes to help you make a more educated choice. Where can I find a...
If you want to know Birley’s life story, his self-deprecating humor and optimistic outlook on life, it is well worth a view. I am glad we were able to capture Patrick’s story in this WOO video. I would not have suspected that it would be the last one we did with him, nor that...
Land can come in many, many different variations. Raw land is when nothing has been done to it. It is typically virgin soil with no roads, sewer systems, or public utilities. You’ll need a raw land loan when you’re interested in buying this type of land. Getting a loan for land ...
It also begs this question: will you stay in that home long enough to justify replacing it? If you’re staying there for many years, why deprive yourself of the conveniences one can bring you? To find out if converting your tub is worth it, you may need to think of it in terms of...
Don’t Miss: Escrow Account Basics for First-Time HomebuyersCosts From Backing Out of Buying a HouseIf you back out of buying a house after signing a purchase and sale agreement, you may lose any earnest money tied to the offer. The average earnest money deposit can be as much as 3% ...
Some borrowers request a deed-in-lieu agreement when a mortgage is underwater, meaning more is owed on the house than it's worth. You will lose any existing equity in the property and you might owe tax on your forgiven loan balance. ...
Opting to pay the minimum amount or just the interest might sound appealing. However, it’s worth remembering that you will have to pay the lender back everything by the date specified in the contract and that interest charges are higher when the principal isn’t getting paid off. If you...
The purchase mortgage market is the segment of the primary mortgage market focused on loans for new home purchases. It is where home mortgages originate. Participants include both the banks and financial institutions that initiate the loans and the homebuyers looking to finance the purchase of a pr...