Take Advantage of California First-Time Home Buyer Programs

Do you live in California and are trying to buy your first home? Did you know that there are California First-Time Home Buyer Programs available? These programs are run by CalHFA. You do not apply for the loan directly through CalHFA. Instead, you apply with a CalHFA...

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...

How Will the New Tax Laws Impact Homeownership?

Mortgage interest tax deduction has always been one of the best incentives of homeownership. So how does President Donald Trump’s new tax rule change all this?If you are a current homeowner, planning to purchase, sell, or move in the near future, you need to be aware...

Don’t Leave Out These Important Contingencies in Your Purchase Contract

Buying a home means more than negotiating a sales price. You have to work out other important details that sometimes are even more important than the price you pay. You need what they call contingencies in your contract. Without them, you leave yourself at risk for...

How Much can you Withdraw From Your 401k for a Home Purchase

If you want to buy a house, you will need a down payment. If a lack of savings is the only thing holding you back, you may be able to tap into your 401K to get the funds you need.Compare Offers from Several Mortgage Lenders.Before you go and take out the funds you’ve...

How to Get a Loan to Buy Land

Do you plan to buy land that doesn’t have a home on it yet? You may not be able to get a mortgage, even if you have the good intention of building a home on the land ‘someday.’ Mortgage lenders don’t like to take the risk on unimproved land. It doesn’t hold its value...

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Five Facts About FHA Loans

FHA loans are one of the more popular options for mortgage borrowers, some of the benefits of using an FHA loan is it offers lower down payments and they have more lenient lending standards. The Federal Housing Administration, also known as FHA, insures mortgage loans...

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How to Change a Deed When you Inherit Property

Inheriting property can be exciting, but it can also come with a lot of legal paperwork. You can’t just transfer a home over to your name without going through the proper channels. Either the appointed executor of the will or a member of probate court will need to...

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How Much Should a First-Time Homebuyer Put Down?

If the thought of saving 20% of your purchase price for a home has you panicking, don’t worry. You don’t necessarily need a 20% down payment, especially as a first-time homebuyer. You may have access to several programs that allow as little as 3.5% down on a...

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