… [Read more...]

If you're like most first-time home buyers, you've probably listened to friends', family's and coworkers' advice, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax. Having reservations is normal. The more you know about why you should buy a home, the less scary the entire process will appear to you. Here are eight good … [Read more...]

Home ownership in America has increased from 25% in the early 1900s to 67% at the end of that century. During all those years, many home buyers struggled to come up with a down payment. In some cases, the banks required as much as 50% down before they would lend on a mortgage.Today, the desired down payment is typically 20%; however, few people have that much cash available to them. FHA loans, for … [Read more...]

After getting a purchase offer accepted, the next question home buyers want to know is how long will it take for the transaction to close. Unless the buyers are paying all cash for the home, it is the buyer's lender who will determine the length of time required to process the loan and close. A buyer and seller can agree to an earlier closing date in the purchase contract, but if the lender can't … [Read more...]