A Personal finance blog to get rich
The most expensive investment you make in your life is purchasing a home. Though buying a new home is a symbol of long-awaited financial security and professional triumph, getting caught up in the excitement of signed mortgage loan documents and “sold” stickers slapped on for-sale signs can work to the detriment of first-time homebuyers.
That said, you’ll need to verify that you can afford the mortgage, fees, and utility expenses that accompany homeownership.
Purchasing your dream home is an experience filled with colorful paint swatches, perfect furniture arrangements, and custom, personalized decor. While the idea of homeownership may seem exhilarating, the reality is much less shiny and bright.
Between down payments and escrow closing-costs, purchasing a home is a substantial financial investment. However, payments don’t stop with the initial purchase.
There’s no doubt that buying a new home can be stressful. With so many variables to consider, it can leave you feeling overwhelmed. When it comes to the big move, many first-time buyers make all sorts of mistakes.
It’s a complicated process that should be handled with care. After all, you are making a huge investment that could impact your future.
One of my friends was looking for a home.
His dream homes were going off the market as soon as they were coming in!
He started taking time off from regular work hours to visit houses for sale.
I never could have imagined, when I put my 5% down on my loan for my first real estate deal (my first home), that it would change the course of my life in so many prosperous ways.
Hi, I’m Joe DiSanto. I spent my career in Los Angeles, starting and owning entertainment businesses. I’ve also invested millions in real estate, transacting on 16 properties over the last 16 years. This is the story of my first investment.
Acquiring your first house is a big step to take. It’s not as simple as buying something from the shopping mall, which you can return if there’s something wrong with the item. A house is a long-term commitment, which is why you need to be extremely careful in picking out your first one.
In 2018, the estimated number of households in the USA reached 127.5 million. The rise in number is partly due to an increase in population, but also somewhat because housing prices were going up in the last few years since the great recession. Are you planning to buy your first home?
A few days back I was invited to a colleague’s housewarming party. My head has been spinning ever since I visited his house. The guy started his career around the same time I did. He bought a 4-bedroom house in an expensive south Florida market, with a yard large enough for a mini soccer match, as well as space for a butterfly area (I saw a few butterflies, too). Should I buy or should I rent?
I am living in a rental condo apartment. I do have enough savings for the down payment required for a similar home, so I started thinking about buying one. I spoke to my wife in the evening about it, and she agreed that this is a good time to buy a home.
If you are looking to buy a house of your own, then you will need to save up the money for a mortgage down payment. This is the cash that you bring to the closing table when purchasing a home. Although you may borrow money from the bank in the form of a mortgage or home loan, in most cases a portion of the money will need to come from you.
The higher your down payment, the less you will need to borrow to purchase your home and you will have smaller monthly repayments to make.
When most people think of home improvements, all they can focus on is the money that it will take to make the necessary upgrades. Well, what if you were spending money now to save more in the future? Believe it or not, there are a number of home renovation projects that can actually help you to save quite a bit of money. If you are curious to learn about what these are, here are your top options
If you’re planning to sell your house, either now or in the future, it’s a good idea to invest in things that can increase the value of your home. These investments don’t need to be major because small investments done tastefully and thoughtfully can raise your home value.
For many, the dream of being a homeowner is fulfilled with the help of a mortgage loan. The mortgage application process can, however, be a bit hectic with so many requirements. But with a little planning and taking the necessary precautions, you should be able to get your mortgage approved with minimal hassles.
A mortgage is one of the biggest debts anyone can have. That’s why it’s important to avoid some common mistakes that could turn costly. Here are a few that you need to watch out for:
