October 6th, 2023 at 11:00 am
Moving from one home to another sounds simple in theory. Sell your home, then use the funds from the sale to purchase your new home. However, timing isn’t always on your side in this type of transaction.
What if you find the perfect home but haven’t sold your current home yet? How will you get the money you need? This is the exact scenario where a bridge loan might come in handy.
In the simplest terms, a bridge loan is a short-term home loan used to bridge the time between purchasing your new home and selling your old home. In practice, things get a little more complicated.
This guide will go over different types of bridge loans and talk about some of the pros and cons of this financial tool.
(more…)October 4th, 2023 at 11:00 am
Moving into a new home comes with plenty of choices, from furniture to backyard accessories to fresh paint. Before you even get to move in, you have to choose the type of home that you want.
(more…)October 3rd, 2023 at 11:00 am
Buying your first home is such a high point in your life, and there are so many benefits of owning a home: No more dealing with landlords and prohibitive leases; No more worrying about putting nails in your walls and voiding your security deposit. It’s your property, your rules, which also brings plenty of responsibilities.
Before you get to that point, you have to actually pay for the property, which usually means financing of some kind. Financing and mortgages usually mean a down payment, which can be a tricky concept for anyone, but it can be even more confusing for a first-time home buyer. Being a first time homebuyer brings a lot of questions, such as, “what is a CMA in real estate,” and “do first time home buyers need a down payment?” Read on to learn more.
(more…)September 8th, 2023 at 11:00 am
Buying a home is an incredible milestone in your life and a mighty leap towards a sound financial future. Nothing quite compares to enjoying the benefits of owning your own home. But there’s more to buying a house than the down payment and a monthly payment to your loan provider. Learning more about the various fees when buying a house is key so you feel well-prepared before starting the journey of home buying.
(more…)September 5th, 2023 at 11:00 am
Buying your first home is a huge milestone in your life. You’re finally a homeowner. Unfortunately, it can take a while to reach that point. Actually buying a home is a more involved and difficult process than you might think.
Read our comprehensive guide on how first-time home buyer loans work.
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