You have been dreaming of buying your own home. You have your finances in perfect order. You have a good steady job and you are planning on living in the home long term. According to television, all you have to do is visit three homes, decide which big expensive house you want and somehow, all […]
You know that buying a new home is expensive. However, you might not understand that a significant portion of that cost happens up front, when you close on the home. Transaction costs come in the form of title fees, home inspections, loan origination fees, appraisal fees, and other closing costs. Long term, these costs would be […]
Based upon your answers to the first two questions, you might have some idea about your ability to qualify for a mortgage. However, one of the most common mistakes that potential homebuyers make is to assume that they won’t qualify for a mortgage. Don’t assume that you wont qualify. Go ahead and meet with a […]
Do you have enough money for a down payment, for closing costs, and to have an emergency savings fund? Typical mortgages will require you to have a down payment equal to at least 3% of the home’s purchase price. On the other hand, some specialty mortgage products (such as VA loans and Rural Development Loans) […]
Buying your first home is not easy. Especially post recession, when the banks tightened up on their lending requirements and consumer protection regulations have changed. The homebuying process requires discipline, commitment, and a willingness to climb the steep learning curve to becoming a homebuyer. However, interest rates are still a tremendous bargain and homeownership is […]
 The HomeOwnership Center is a program of County Corp. |
