There are plenty of things to consider when looking for your next home. Things like location, schools and commute all factor into where you’re hunting, but let’s say you have that all figured out. Let’s say you found a great house in a great neighborhood and you’re ready to set up a visit. What should you look out for once you step inside?
When refinancing or purchasing a new home, one of the items that a title company researches are the property taxes. Although every homeowner pays property taxes across the county, determining your specific property taxes has many variables. These variables coincide with different aspects of your home’s location and your home’s assessed value. Depending on the taxing authority, your taxes could be determined by the city, county, school district or by all three. When you pay property tax each year, you’re paying for necessities that are provided by the city, such as police and fire department services, garbage pickup and snow removal.
A lot of companies promise it, but few actually can deliver. At Quicken Loans, we’ve made it our mission to help Americans get a mortgage to buy or refinance a home. But we go beyond that. We make it as easy and simple as possible for people to get through the mortgage process and get back to the things that are important to them.
Buying your first home will be one of the largest financial transaction of your life. Are there opportunities to not have everything you need to pay come out of your pocket? FInd out about seller concessions and get your questions answered!
Everyone needs to manage debt, save money and plan for the future. Without an understanding of common financial terms, you can’t do any of that, regardless of what year you were born. Get started with our glossary of common financial terms!
If you’re wondering what that phrase after your name on a deed or title is, then this is the right blog for you! When title companies determine how you will hold title they will look at your “vesting” deed, which is your most recent deed. Determining how to hold title depends on an individual’s current situation, and how that person wants to pass ownership in the event of death, divorce or sale of their real estate.
One of the first items addressed during the home buying process is your credit. Your credit score is an essential number that can impact whether you’ll be able to qualify for a mortgage. If your credit score falls below, 620, you’ll want to utilize some tools and programs to raise your score. As your credit score rises, different programs will allow improved and lowered interest rates for you.
Private mortgage insurance, or PMI, gets a bad rap. I mean, no one likes to spend extra money if they can avoid it, right? But what happens if you can’t avoid it? What if you’ve found the house of your dreams but don’t have 20% saved for a down payment? Let’s explore the ways that PMI can help get you into your perfect home.
Picture this: Your dream home, nice yard, great neighborhood, affordable, quiet neighbors; it’s truly more than you’d ever expect it to be. Your heart is racing, and you’re trying your hardest not to seem too eager in front of the real estate agent. That’s when it hits you. Why is this in my price range? Everything about this house points to a higher price point? What is wrong with this property? Read on to find out what a stigmatized property is!
If you’ve been to Italy, Turkey or France, you might’ve fallen in love with the landscape, the cuisine, the culture and the people. So, rather than flying back and forth and spending loads of money on hotels and pricey restaurants, why not invest in a vacation home? There are a few things you need to consider before you attempt to buy one, however, and it’s always better to be prepared than to be regretful. Here are seven things to consider when buying your vacation house overseas.