You’re ready to buy a new home. You’ve agreed on a price, have a mortgage ready, and booked the movers. However, there is one final expense you’ll need to deal with before you can sign your paperwork, collect your keys, and move in. It’s called closing costs. Understanding what closing costs are and how much you’ll need to pay for them will help you budget for your new home.
How Much of Your Income Should Go Toward Housing? If you’re ready to start house-hunting – or if you’re just looking to build a better budget – you need to know how much of your income should go toward housing.
You’ll want to weigh your options carefully and choose the type of mortgage that makes the most sense for your individual situation.
You want a home that’s a good fit for your family. You could renovate your current place, or you could move. Which is the right option for you?
Whether you’re a first-time homebuyer or just haven’t gone through the process in a while, you may be wondering what mortgage points are and if paying for points is worth the cost.
Don’t get overwhelmed by your next move. Creating a moving plan and executing it in advance can save you time, money, and stress.
If you're in the market for a new home, it's easy to only focus on two figures: 1) the asking price and 2) the down payment. But there's another number you should factor into your home buying budget – mortgage closing costs.
Searching for the perfect home can be exhausting, especially when none of the online virtual tours come close to your design preferences or budgetary needs. Many home shoppers realize that getting their dream home might mean building their dream home.
To say the current real estate market is a seller’s market, is an understatement. We can’t remember a time in recent history, when would-be homebuyers were rushing to make offers on newly listed homes, like they are today.
Selling your home for top dollar makes financial sense. You could use the funds to move into your next home, deposit the proceeds into your retirement savings account, or fulfill another financial goal. But determining what makes buyers go to battle over homes in today's market isn't always as simple as an internet search. Your local real estate market may be enough to start a bidding war, but your neighborhood and property type could also influence how far above your asking price buyers will pay.
