If you will be buying a home for the first time, you might think that means your cost of living will rise. But depending on how you manage things, it could actually fall. Let’s look at some areas where you could potentially save money owning a home instead of renting. Expenses You Can Save When … [Read more...]
How Buying a Home Can Help You Save for Retirement
Often, we hear people ask, “Should I save for retirement or buy a house?” Actually, that question assumes that this is a scenario where you can only do one and not both. Have you considered that purchasing a home could actually help you save for retirement? Here are some reasons why a home is a good … [Read more...]
Reduced FHA MIP and VA Funding Fees Announced
Borrowers applying for the government-backed FHA and VA loan programs will be able to take advantage of reduced FHA MIP as well as lower VA funding fees for some loans. Let’s take a look at the changes. FHA MIP Reduced Starting on March 20th, 2023, the monthly mortgage insurance premiums (MIP) … [Read more...]
Tips for Choosing a Mortgage Company for a Jumbo Loan
Purchasing a home with a jumbo loan is not too different from buying one with a conventional loan. But the qualification process is more rigorous, and it is common for jumbo loans to cost more than conforming loans. For that reason, it is extra important to choose the right mortgage company to work … [Read more...]
7 Tips for New Homeowners
If you are right about to buy a new home, you probably are focused mostly on what you need to do to get your keys. You are busy shopping for the perfect house and picking out a suitable mortgage. But it is just as important to think about what you are going to do after you receive your keys and … [Read more...]
8 Advantages of Buying a Home Over Renting
If you are thinking about purchasing a home in the near future rather than continuing to rent, you are making a decision that offers quite a few benefits, financial and otherwise. While renting does have its pros as well as its cons, in this post, we are going to focus on giving you an overview … [Read more...]
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