December 2015 RSS Feed

Found 4 blog entries for December 2015.

elderly man walking on winter beach

Think about your financial, work, and personal situations. Buying a house requires you to be financially independent, on a career track, and ready to support changes in your personal life. Consider the following:

  • Do I have regular income from a reliable source? Have I been receiving income for at least 2 years with promising future prospects?
  • Have I saved enough money to make a decent down payment on a house?
  • Am I regular and on-time when paying bills?
  • Do I have debts like car payments and student loans?
  • Can I afford a mortgage and any other home buying costs without compromising my financial security?

Think honestly about the answer to each question. Without a definitive yes or no answer, you may not be in a position to buy a…

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If you’re planning to buy a home in Austin, TX, you may be wondering if you should hire a real estate agent. Having a professional guide you through the home buying process can be invaluable in helping you find the perfect house at the right price. In this blog post, we’ll explore the key benefits of hiring a real estate agent in Austin and discuss some tips for finding the right agent for your needs. 

Why You Should Hire a Real Estate Agent

There are several key reasons why you should consider hiring a real estate agent when purchasing a home in Austin. For starters, agents have access to a wealth of resources that you don’t, including information on properties that are currently listed on the market and even exclusive “pocket listings” that only…

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15-year-vs-30-year-mortgage-banner

 

For those who are buying a house, banks and lenders that offer home loans give borrowers the option to pay their mortgages over the course of either 15 years or 30 years and anywhere within that range. A 15-year mortgage allows you, the borrower, to pay off the principal on your new house quickly without accruing 15 extra years of interest. A 30-year loan lowers your payments so you can live comfortably while paying off your home loan.

 

Which mortgage is better?

For the average home buyer, neither the 15 nor the 30-year mortgage is better than the other. Advantages that come with paying off your home loan faster with a 15-year mortgage are offset by the advantages of saving money on a monthly basis over the life of a 30-year mortgage.…

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hands holding paper house

 

Besides the final purchase price of your new house, you'll have to consider the costs associated with setting up and moving in. Buying a house with a realty company includes such expenses as:

  • Deposit
  • Down Payment
  • Mortgage Loan Insurance
  • Real Estate Transfer Taxes
  • Home Appraisal and Inspection
  • Homeowner's Insurance
  • Legal Fees
  • Moving Expenses
  • Utilities Connections

Some of these expenses can be added to your mortgage or negotiated out of the purchase price of the house you are buying. Others must be paid cash before closing on your home.

 

Deposit

About $1000

The deposit is the first expense you'll encounter once you're ready to make an offer to purchase a house. After you have viewed and chosen a…

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