Buyer's and Seller's Guide
Closing Costs
When you buy a home, you'll need more than the down payment to finalize the purchase. Closing costs average about four-and-a-half to five-and-a-half percent of the amount of the mortgage. Some of the more common costs are listed below. (more)
Details: Kitchen and Baths
When prospective buyers view your home, they'll pay particular attention to your kitchen and bathrooms. Before you list your home (more)
Fixed v Adjustable
When you arrange financing for your new home, you'll probably have to consider a fixed rate mortgage or an adjustable rate mortgage. There are pros and cons to each, and your consideration will always allow for the current interest (more)
Inspecting New Construction
When we want to buy an older home, we rely on the home inspection to alert us to any problems, flaws, defects, and potential worries. If we buy a brand new home, is a home inspection necessary? (more)
Seller Beware
A home inspection is part of the home selling process. Once a buyer settles on your home, an inspection is done to assure that the home is sound, that mechanicals are operational and safe, and that defects are made known. Disclosure on the part of the Seller is also a factor. In today's litigious culture, (more)
Speed Up Your Mortgage and Save
Once you've settled into your new home, you'll probably take more time to settle your new mortgage. Right about this time, you may receive offers in the mail for services that can help you save thousands of dollars in interest (more)
The Lender's Eye View
Before you apply for a mortgage, knowing how to avoid potential pitfalls is invaluable. The Mortgage Bankers Association has put together a list of common reasons for mortgage application to be rejected. (more)