What is pre-approval? It’s a document given by your home lender certifying that you are qualified for a certain loan amount. Loan type, interest rate and loan-to-value ratio are also included. Why…
Tag: buying a home
10 Ways to Boost Your Credit Score Before Buying a Home
Many of the following ways to improve your credit score are known by you already. The problem is that you keep ignoring them. Well, now, you’re buying a home soon, and you…
Single Females Continue to be Second Largest Homebuying Group
Single females continue to be the second largest homebuying group in the U.S., based on annual studies of homebuying trends in the U.S. by the National Association of Realtors (NAR). Since the 1990s,…
Homebuyers Continue to Prefer Pre-Owned Homes and Detached Single-Family Homes
Previously-owned detached single-family homes are the most popular types of residential properties among home buyers across the U.S., according to the National Association of Realtors’ report 2015 Profile of Home Buyers and…
USDA Home Loan Program – Take Advantage If You Qualify
As banks tighten their lending policies, check if you qualify for a USDA home loan. If you’re qualified and if the home you’re planning to purchase is located in a USDA-qualified area,…
Price-Rent Ratio in Tampa Affirms Buying a Home Over Renting
The decision of buying a home in Tampa rather than renting makes financial sense, based on a study held by Zillow. Tampa scored relatively low in both the home price-rent comparisons made…
The Dream to Buy a Home Persists
Despite the adversities caused by the collapse of the housing market, most Americans still nurture the dream to buy a home, according to a national survey conducted by Fannie Mae in August…
Who Have Been Buying Homes in the U.S. These Past Months?
It is a common knowledge that the real estate industry in today’s world has been booming to a scale that they are now investing the profited income in constructing and selling new…
What Happens at Mortgage Closing?
Closing on your home is the last step you’ll undergo before you finally receive the keys to your new home. If you prepare well, closing day would be among the most exciting…
Tax Deductions That You Can Claim After Buying a Home
There are at least four ways by which you can claim federal income tax deductions arising from your home ownership. You can deduct your mortgage interest, property tax, private mortgage insurance and…