Posts Categorized: Buy a Home

If you are wanting to buy a home, and already own one, there are different rules, requirements, and restrictions that are in place for each kind of loan program. Read on to find out the ins and outs of owning multiple homes for conventional, FHA, USDA, and VA home loans. Conventional Home Loans If you…

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There’s more to comparing the costs of renting and owning a home than the dollar cost of payments.   Even with numbers like these, some still say renting is better: “Investing in a home is riskier than renting.” No risk, no reward. Besides, even studies conducted by the Federal Reserve show that owning can provide a net…

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Home Appraisals

Many factors go into calculating value of a home. Most importantly, recently sold comparable properties must be considered. “Comps” should be similar in location, size, style, room count, condition, utility, etc.   Appraisal is part art and part science, and the latter is hard to change. Sometimes, the hardest thing for owners is to be…

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Understanding the HOW and WHY of Escrow Accounts Escrow accounts provide for the timely payment of taxes and insurance on your home. This prevents tax liens, loss of property and any lapse of insurance coverage. As part of your regular mortgage payment, 1/12th of the annual cost is collected. These funds are held and paid out as bills…

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