What Happens if You Break a Home Purchase Agreement?

What Happens if You Break a Home Purchase Agreement?

A home purchase agreement is put in place to protect the buyer and the seller. It helps the seller make sure they get the money they deserve after taking the home off the market for you while you get your affairs in order. It helps the buyer by giving you time to back...
What Documents are Needed to Buy a Home?

What Documents are Needed to Buy a Home?

Are you ready to buy a home? Before you step foot into a potential home, you should take the time to get pre-approved. This way you know what size loan you can get. When you combine the loan amount with the amount of your down payment that you have saved, you’ll have...
What are the USDA Loan Home Condition Requirements?

What are the USDA Loan Home Condition Requirements?

The USDA loan allows buyers in rural areas with low to moderate income to buy a home with no money down. While it sounds great, you can’t just go out and buy any home. The USDA wants lenders to make sure the home is safe, sound, and sanitary. At a minimum, the home...
Should I Withdraw From my IRA to Buy a House?

Should I Withdraw From my IRA to Buy a House?

The IRS allows a one-time exception for first-time homebuyers that want to tap into their IRA to put money down on a home. That exception saves you a 10% penalty, which could amount to quite a bit of money. But just because you can withdraw the money (even if you...
Refinancing? How to Get the Best Rate on Your Next Mortgage

Refinancing? How to Get the Best Rate on Your Next Mortgage

You want to refinance to save money each month. Now may be a good time as interest rates continue to stay low. But just because rates are low doesn’t mean you’ll get the lowest rate available. You have to make sure your loan application is as attractive as possible....
Tips for Successful Refinancing

Tips for Successful Refinancing

One of the most important tips to know when you decide to refinanceis: “never rush.” A lot of people end up paying more than they should or not getting what they originally intended to have with their re-mortgage because of inadequate planning, or going over the...