Wednesday, March 6, 2019 / by Grant Williams
The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.
1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan. 2. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
3. Keep a Conservative Budget: It’s just not the list price that is included in the purchase. Keep in mind there are inspection fees, e ...
Tuesday, June 5, 2018 / by Grant Williams
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Top Tips First-Time Buyers Should Know Before Purchasing a Fixer-Upper
A fixer-upper can be a rewarding way to put your creative juices to work and even make a profit. As long as you pick a house that won't swallow up your budget with expensive hidden repairs, a fixer-upper can be a cheaper way to obtain your dream home. Plus, you don't even need to be a master designer or professional contractor to get the job done. Read on to find out how to best prepare for this exciting endeavor.
Decide if You're Going to Stay or Sell
Fixer-uppers are cheaper to buy than homes that are ready to live in, but they can still be pricey. Consider that the average listing price for a fixer-upper in Austin, Texas, is $429,000. Purchasing a fixer-upper is still an investment. So, consider your long-term plans for the home before making a purchase.
Deciding if you will sell the home or live in it when you're finished will help you determine whether to stick to. ...