How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it's the right time for you to make the investment. If you're currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down. Are You Struggling With Student Debt It's possible to invest in a home when you're still paying down student debt, but if you're also struggling with a low-paying job and a high…
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Buying Your First Home? Here’s Why You’ll Need to Ensure You Have a Proper Home Inspection

There's a whole lot to learn when buying one's first home, an investment that can bring joy, but sometimes, grief. A competent real estate agent can assist in locating those homes that meet the home buyer's needs and can advise on factors such as market value of the home and neighborhood services. The agent will help the buyer through the negotiation and purchase process. But the buyer should take responsibility to make sure that the steps below are taken. Home Inspection Contingency Included in Purchase Offer At the point where the buyer finds a home and decides to make an…
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Is It Worth It to Put More Than 20 Percent Down?

Are you thinking of buying a new home this spring or summer? If so, you're not alone. Many thousands of individuals and families alike will become homeowners this year. Whether you're a first-time buyer or a seasoned veteran of the housing market, you probably know there are significant choices to make. One of the big decisions you will have to ponder is how much you want to invest in your down payment. With that in mind, let's try to answer the question of whether or not it is worth it to put more than 20 percent of the home's price…
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4 Reasons Why Your Mortgage May Be Denied After Pre-approval

So you've been pre-approved for a mortgage – great! You've taken the first step toward becoming a homeowner. But before you start picking out china patterns, you'll want to keep in mind that a pre-approval isn't the same thing as a mortgage agreement. There's still no guarantee that you'll actually get a mortgage. But why would a lender deny a mortgage after pre-approving a borrower? Here's what you need to know. Sudden Changes In Income Or Employment History A number of mortgages will require borrowers to have consistent employment for a certain length of time. If you apply for an…
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Buying a Home in a Fire Risk Area: Here’s What You Need to Know

Outside of the significant financial responsibility of delving into home ownership, there can also be a lot of other risks involved that you may not have thought about before investing in a home. You'll need to protect your home against theft or burglary. And homeowner's insurance to protect your home and belongings is almost a requirement. But there are other less common occurrences you may not have thought about. If you happen to be living in an area that's at high risk of fire, here are some things to consider beforehand. Defining "High Risk" It's easy to be swept away…
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