When it comes to buying a home, it’s sometimes best to leave your spouse off of the loan so you are able to obtain a home. Depending on your state, a non-purchasing spouse could have a huge influence on your ability to qualify for a home mortgage, regardless of if their name is on the home or not. [Read more…]
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Where a school district is located has a significant effect on the property values of nearby homes. School districts with a good reputation attract families with school-aged children, creating a demand for nearby real estate. This demand can drive up property values.
The Wealth of Homeowners
In and of itself, a good school district is not responsible for rising property values. For the most part, good schools tend to be located in neighborhoods that are more affluent and have a higher standard of living. [Read more…]
When you start searching for your dream home, it can be fun to fantasize about buying one of the largest and most extravagant properties in your area. However, your income is likely to dictate the size and lavishness of the home you choose. When you apply for a home loan, the mortgage lender will analyze your assets, liabilities and income to determine if you have the ability to pay off the loan. More specifically, they will look at your discretionary income. [Read more…]
Shopping for a new home is an exciting time and you may have built up this image in your mind of what it should be. While having what you want in mind is perfectly normal and expected, you must recognize that you must manage your expectations when looking for a home. Doing so will help you manage and reduce any stress that comes with buying a home and keep you on track. [Read more…]
Are you ready to invest your money into a home? A home is one of the biggest assets and investments you will ever have, but it’s also a non-liquid investment. Once you make your down payment, you can no longer easily access that money for any other reason—even if it is an emergency. So before you think about purchasing a home, you need to do a serious review of your financial situation and do some risk management. [Read more…]
If you’re selling your house, the internet is the best way to reach potential homebuyers as online visibility will greatly increase your chance of selling your home fast. In today’s technological world, the internet is the first place potential homebuyers will begin looking for a home thanks to its convenience. With that being said, there are several resources can help sell your home online. [Read more…]
When making a big purchase decision, such as buying a home, it’s better to have more disposable income, the amount of money that you have for spending and saving after taxes and other expenses have been paid, than less. Many statistical measures and economic indicators derive from it, such as discretionary income and personal savings rates. These figures can determine whether or not you will be approved for a mortgage loan on your home. [Read more…]
If you need to extend your closing date, there are specific rules you have to follow in order to be allowed to. If you live in Kansas or Missouri, know that there are very few differences in getting approval for extending your home closing date. Namely, who oversees the closing of the home. [Read more…]