How To Finance A Home Renovation

The housing market continues to be very competitive, so you may have to be a bit more flexible with what you are looking for. For example, you may come across a home that is not quite perfect, but it has a lot of the features that you need. In that case, you may be wondering how you can finance a home renovation. One of the best ways to do so is using the FHA Streamline 203(k) program.  What Can The FHA Streamline Program Finance? There are several examples of home renovations you may be able to fund using the FHA…
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The Top Tips For Making A Successful Offer

Are you interested in purchasing a house? If so, you probably know that the market is more competitive today than it has ever been in the past. There are a lot of people who are interested in purchasing a home, and you need to take a few extra steps if you want to make your offer as competitive as possible. What do you need to do if you want to maximize the chances of having your offer accepted? Make An Offer Early If you want to increase your chances of getting your offer accepted, you need to make an offer as…
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The Importance Of Paint Colors When Selling A Home

If you are interested in selling your house, you need to make sure you get as much money for it as possible. There is never a second chance to make a first impression, and every detail matters when you want to get an offer on the table. That means you need to pay attention to the color of your paint as well. Even though this might sound like a relatively minor detail, the color of your paint does matter. What do you need to know about paint color and its impact on your home’s value? The First Impression First, the…
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Understanding ‘PITI’ and What Goes in to Your Monthly Payments

Ask any friend or family member that owns a home and they will share that it takes a bit of management to keep all the expenses under control. Let's explore the concept of PITI and why it is vital to have a clear picture of how much your home is costing you each month. Just What Is PITI, Anyway? PITI is an acronym that stands for "principal, interest, taxes and insurance," which are the four main components that make up your housing costs. Principal - this is the amount that you are paying against the total amount that you borrowed…
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Should You Consider Purchasing A Newly Built Home?

If you have been in the process of looking for a home for a long time, you understand just how difficult it has been. You may have considered building your own house, but after seeing the bidding wars for land before you even start building, you may have crossed newly built homes off your list. Now, there are a few reasons why you should consider adding new homes back to your search.  There Is An Elevated Supply Of Newly Built Homes Right now, there is an elevated supply of newly built homes. Even though the overall inventory of available houses…
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How To Age Gracefully In The Comfort Of Your Own Home

There are many people who would rather age in the comfort of their own homes than in a large nursing home somewhere. As people get older, they are more susceptible to slips, trips, and falls. Their joints do not work as well as they used to, they might have a difficult time balancing, and their eyesight may start to fade. If you want to age comfortably in your home, there are a few upgrades you should consider making to your house. The Bathroom The bathroom is one of the most dangerous rooms in the house because the floor can get…
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How Large Of A Down Payment Do You Truly Need?

If you are interested in purchasing a home, how much money should you put down? This is a difficult question that all potential homeowners need to answer, as it will dictate the size and location of the house you can afford. There are a number of factors to consider, so what do you need to know? Generally, Putting More Down Is Better There is a solid chance that a home loan is going to be the largest loan you will ever take out in your life. Therefore, there is some risk involved, and you must make sure you can pay…
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Escrow And Your Mortgage: The Most Important Points To Know

There are many complicated terms thrown around regarding your mortgage, and one of them is an escrow account. You will probably hear that your lender will collect some additional money every month for escrow payments. If you take a look at your mortgage statement, you will see your interest, your principal, and your escrow. What does this mean, and why do you have to pay additional money that isn't going toward the balance of your loan? The Definition Of An Escrow Account An escrow account is an extra account that your lender opens on your behalf to make sure certain…
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The Right (And Wrong) Reasons To Buy A House

There are many people who dream of owning a home, but you need to purchase your home for the right reasons. Simply purchasing a house because other people are doing so is not a strong reason to make such an expensive purchase. What are some of the reasons why you should purchase a house? What are some examples of bad reasons to buy a home? The Right Reasons To Buy A Home There are several strong reasons why you should consider purchasing property. If you have children, you may want them to attend a specific school. Therefore, you might be…
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How Can You Increase The Safety And Functionality Of Your Home?

What do you need to do if you want to improve the safety and functionality of your home? You may not think that your home has a lot of safety hazards, but you might be surprised at how many people get hurt at home every year. Particularly if you have older people in your home, or if you have people in your house with disabilities, you need to pay close attention to your safety and functionality. What are a few tips you should keep in mind?  Target The Lights In Your Home If you have an older home, it may…
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