Understanding Loan Approval Amounts At the start of a home search, one of the most pressing questions on the minds of borrowers is how much can I be approved for? While it is a simple and straightforward question, the answer can be very convoluted, leading to a universal, it depends. Understanding what the lender is …
#physicianbanks During this fun time of the year we had some time off to drink way too much bourbon, reflect on how the year went, and plan what we want to get out of 2016. Knowing where you want to go helps you get there. Imagine trying to drive to a destination without knowing where …
FED RATE RISES 0.25% Wednesday, for first time in 56 meetings spanning nearly ten years, the Federal Open Market Committee (FOMC) voted to raise the Fed Funds Rate from its target range near 0.00 percent. The Fed Funds Rate is now 0.25%. The group also added that additional rate hikes are likely throughout 2016 because the jobs …
TILA, or the Truth In Lending Act, is a federal American law that encourages the knowledgeable use of credit by consumers through sufficient disclosures about any terms and costs that are associated with borrowing that credit. RESPA, or the Real Estate Settlement Procedures Act, requires that lenders provide simple and complete amounts of information at …
First-time homebuyers are flocking to the housing market in greater numbers than any time in the last few years. Renters who are ready and willing to buy are now realizing that they are also able to as well. Many first-time buyers are Millennials (born between 1981 – 1997). What if I wait until next year …
Top Mistakes Homebuyers Make and How to Avoid Them First time home buyers often find the process of searching for a home and securing a loan to be overwhelming. As a result there are common mistakes that can cost a buyer time, money and sometimes the home you are trying to purchase. Here are a …
How to Negotiate the Deal: Understanding the Negotiation Process Home buying involves finding the right home and then negotiating a price that is acceptable to both the buyer and seller. The best negotiators work to ensure that both parties feel they are getting a good deal. There are a few things that can be done, …
Advantages of Hiring an Accountant and Financial Advisor Before Buying a Home? A home is the most expensive purchase you are likely to make, unless you buy a medical practice. Your home is more than a place to lay your head, it can serve as an investement. Given the high price of homes and the …
Tax Advantages of Home Ownership During tax season there is an active search for more deductions in order to reduce your tax liability. Unfortunately the ability to take deductions is largely reduced once the tax year is closed out. For this reason savvy consumers begin their quest for lower taxes early in the year, giving …
Surveys and Inspections: What Happens After the Contract Is Signed You have found the perfect home, negotiated a price, and signed the purchase contract. Now the process towards closing begins, which includes inspections, surveys and a property appraisal. Understanding the value in this process will help you decide if you want options inspections or if …
What Happens After the Contract Is Signed: Surveys and Inspections Read More »
