Many people assume they’re not eligible for first-time homebuyer incentives because they have owned property in the past. This is not necessarily true! If you have not had an ownership interest in a house in the past 3 years, you…
Buying a home can be a complex process, and there are several fees and costs involved that potential home buyers need to be aware of. One of the fees that home buyers may encounter is an option fee. Let’s explore…
When purchasing a property, an earnest money deposit (EMD) is a common requirement that buyers should be aware of. This deposit is typically made at the beginning of the home buying process and serves as a show of good faith…
As a homeowner in Houston, Texas, it’s essential to understand the various components of your property taxes. These taxes are a significant source of revenue for local governments, and they help fund essential services like schools, roads, and public safety.…
Lowering your debt-to-income (DTI) ratio isn’t just a good idea—it’s the financial equivalent of eating your vegetables. It may not always be fun, but it’ll keep you in tip-top shape when it’s time to apply for a mortgage. Lenders care…
Whether this is your first or tenth home purchase, shopping for a new home is an exciting time. It can also be a stressful and lengthy process. This guide can help you stay on track and in your new home…
If you have received your Closing Disclosure from your lender, you are almost done with your home buying journey. The Closing Disclosure, provided at least three full days before closing when you sign the final purchase documents, means that you…
Ready to purchase your first home? Use this easy-to-follow checklist to navigate the path to home ownership. Determine Your Budget: It’s best to determine how much house you can afford early in the process to avoid falling in love with…
Before you begin your new home search, talk to a lender about getting preapproved (prequalified in Texas) for a mortgage. This important step can save you time in negotiations and keep your search on target and within budget. What exactly…
Buying a home is a big purchase, one that takes time to save up to afford. Many homebuyers use a mortgage to finance the majority of the cost, but still need to save up a down payment. Here are five…
