At some point during the process of buying a home, the buyer will come across the term "closing costs." Closing costs are expenses incurred during the purchase of a property that are not included in the sale price. These costs are typically paid at the time of closing and can add up to thousands of dollars. Typically we use 3.5% of the accepted offer price as a rule of thumb. Check with your lender for the most accurate number. As a buyer, it's important to understand what items are included in...

                                                             

Once you are done jumping for JOY that your offer has been accepted, the next steps will depend on the specifics of the agreement and the nature of the purchase. Generally speaking, however, here are some common steps that may follow:

Payment: The earnest money that is used as a good faith payment must be made. Payment can be electronically, a handwritten personal check or cashiers check can be sent. The Earnest money will be sent u...

Home Buying 101: The Mortgage Process

If you are thinking about buying a home, then understanding the home buying mortgage process is essential. Mortgages are loans that are taken out to buy a property, and they are a major financial commitment that requires careful consideration. In this article, we will explain the home buying mortgage process step-by-step, so that you can make informed decisions about your home purchase.

Step 1: Pre-Approval The first step in the home buying mortgage process...

Empty Nester? Want to downsize? 

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An "empty nester" is someone whose children have grown up and left home, often leaving the parent with more space than they need. Downsizing is the process of moving to a smaller home or getting rid of excess belongings to simplify your living space. Here are some tips for downsizing as an empty nester:

Start with a plan: Take a good look at your current living space and make a plan for what you wan...

 

Congratulations on considering the purchase of your first home! Here are some important things to keep in mind as a first-time home buyer:

Determine your budget: Before you start looking for homes, it's essential to figure out how much you can afford. Consider your current income, monthly expenses, and debt obligations to determine your budget. To view a Mortgage calculator Click the link Get pre-approved from a mortgage lender: Getting pre-approved for a mortgage can help you understand...