Home Buyer Tips Archives - Page 2 of 8

Team Mortgage Mikes October 3, 2023

4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account

Buying a home involves a variety of nuances and strange-sounding terms, and one of the least understood aspects of the home buying process is the escrow account. Essentially, an escrow account is a third party bank account your lender can require you to pay into in order to cover certain costs related to your home. Your lender uses an escrow account to ensure that property taxes and home insurance fees get paid on time.

Team Mortgage Mikes August 28, 2023

Buying for Retirement: 3 Reasons Why You’ll Want to Buy Your Retirement Home Before You Retire

While it may seem like a big time commitment to find a new home while you’re still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why.

Team Mortgage Mikes June 8, 2023

Buying in a New Community: How to Meet and Make Friends with Your New Neighbors

One of the stresses of moving to a new area is giving up the familiarity that you have with your old neighbors and starting from scratch. Whether you’ve just moved to a different locale or you’re planning to relocate in the near future, there are some easy ways that you can make a home of your new neighborhood right from the start.

Team Mortgage Mikes April 12, 2023

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.

Team Mortgage Mikes February 17, 2023

Buying Your First Home? Here’s Why You’ll Need to Ensure You Have a Proper Home Inspection

At the point where the buyer finds a home and decides to make an offer, the contract should be written contingent on an acceptable inspection. If serious issues are found, the buyer has the options of requesting certain items to be fixed, to be compensated for the costs of repair, for a lower purchase price or to cancel the contract.

Team Mortgage Mikes February 1, 2023

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.