While interest rates rose slightly and home price increases slowed toward the end of last year, home prices are still widely on the rise in most markets. Overall, the housing market is stable and presents favorable conditions for sellers. If you haven’t sold a house before, you may not realize how much goes into selling a house. For example, you will need to determine the actual market value of your house, clean it, determine appropriate disclosures, host open houses and showings, find a buyer, negotiate the price, get it appraised and inspected and close the deal. There is a lot that goes into selling a house so here are some tips on how to sell your house.
The United States gives its military members a Basic Allowance for Housing, or BAH. If governmental quarters are not available, the BAH provides military members with equitable housing compensation. The BAH you receive depends on the housing rates near your base, your dependency status, utilities, renters’ insurance and your pay grade. If those variables change at all in your area, there will likely be a corresponding change in your BAH rate. Here’s everything you need to know about BAH, a BAH calculator and significant savings on a home to help you.
A sump pump can be a great addition to any house, but if you’re buying a home, the property you’re interested in may already come with one. Although you may have heard about the negatives of having a sump pump, depending on the type of home you have, they can be an excellent tool in case of flooding. To help you understand the value these devices provide, here are the top 10 things you need to know when buying a home with a sump pump.
Moving into a new house is exciting! No question. But packing up your entire life in boxes, deep cleaning and hauling heavy furniture is rarely anyone’s idea of a good time. We want to make things a little easier on you and your family. These eleven moving tips are some of the best ways to pack for moving and they will save you some money in the process.
It’s been a long time since houses were bought and sold directly from one person to another. These days, numerous parties are involved in every real estate transaction, including home buyers, home sellers, real estate agents, mortgage lenders, real estate attorneys, home inspectors and title companies. Most of these are familiar to the average home buyer, but the title company is not known as well as the others. You may be thinking, “What does a title company do anyway?” Understanding their importance is key to protecting the investment in your next home.
Leading up to National Police Week the Homes for Heroes Foundation in conjunction with Colorado Springs Homes for Heroes real estate and mortgage specialists, held an event in support of the Colorado Springs area police departments and local K9 units. The Homes for Heroes Foundation donated a $5,000 grant to the Colorado Springs Police Protective Association (CSPPA) Fallen Officer Relief Fund (FoRF), and the grant was used to support injured Colorado Springs officer, Cem Duzel.
May 19-25 marks National Emergency Medical Services (EMS) Week and during this week we are taking the time to honor those who are EMS professionals. But, more importantly, honoring them because they have dedicated their own lives to preserving the lives of others.
We were lucky to speak with a Minnesota EMS professional who was able to open our eyes to the amazing world of EMS, along with sharing her own story and why she chose this profession. However, before reading her story, we are going to give you a little history lesson on how EMS even became a thing.
Now get to reading and remember to thank an EMS professional this week. Some of us may not be here without them and you never know when you may need them.
Before you study up on the types of home loans available, we always recommend determining how much house you can afford first. Once you know what you can afford to pay for a house, then it’s good to know what types of home loans are available. After reading about the different loan types, be sure to fill out the Homes for Heroes mortgage calculator. This calculator is a great tool to estimate your monthly mortgage payment. If you know what you can afford, the following will cover the four main types of home loans: Conventional loan, FHA loan, VA loan and USDA loans. Chances are you qualify for more than one type so spend a little time getting to know the pros and cons of each.
The Homes for Heroes mortgage calculator helps to determine an estimate of how much house you can afford before going through the home buying process. It will help you understand and plan for your ongoing financial commitment if you choose to purchase a home. There are four main amounts that make up your monthly mortgage payment: principal, interest rate, property tax and insurance (PITI). Learn how the Homes for Heroes mortgage calculator breaks out an estimate of each for different loan types and provides a total estimate of your monthly mortgage payments.
Read More “Best Mortgage Calculator to Estimate Monthly Payments”
Hopefully you’re here because your purchase offer was accepted by the seller. You’ve finished celebrating that victory and now you’re preparing for what comes next. If not that’s alright. You’ll get there soon. Closing on a house is a process that takes some time, involves many people and a lot of paperwork. Did you know the average time it takes to close on a house is around 45 days? Your home buying team (real estate, mortgage, title and home inspection specialists) plays an important role in bringing everything together for your closing. Here are the things you need to know about the process of closing on a house and where you can save some money with Homes for Heroes.