Buying a house is an important decision and major investment. It’s also a step toward the American dream. Like many Americans, our heroes can be hesitant to make the leap. Many heroes often ask, “Should I buy a house in 2020?” or “When is the best time to buy a house”? It’s a great question. It’s an important question. There are many advantages to becoming a homeowner. But, if your circumstances are questionable, then it might not be the best time to buy a house. Here are some historical trends and key housing market indicators for 2020 to consider before you decide to buy a home.
Category: Buying a Home
FHA Home Loans for Teachers | Eligible with Low Credit Score, Minimal Down Payment
Have you been considering buying a home but a less than perfect credit score, or a lack of savings for a down payment has been holding you back? In this post, Homes for Heroes explains how you can break through those issues with FHA Home Loans for teachers. The FHA Home Loan has been helping more teachers become homeowners due to its less restrictive credit score and minimal down payment requirements.
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“FHA Home Loans for Teachers | Eligible with Low Credit Score, Minimal Down Payment”
FHA Home Loans for Healthcare Professionals | Eligible with Low Credit Score, Minimal Down Payment
Have you been considering buying a home but a less than perfect credit score, or a lack of savings for a down payment has been holding you back? In this post, Homes for Heroes explains how you can break through those issues with FHA Home Loans for healthcare professionals. The FHA Home Loan has been helping more healthcare professionals become homeowners due to its less restrictive credit and minimal down payment requirements.
Why Rent-to-Own Homes May Not Be the Best Option
Home ownership is still a major part of the American dream for most people, and many can’t wait for the day when they stop renting and finally own their own home. But making that transition from renting to owning can be difficult, which is why some people take it quite literally, choosing to live in a rent-to-own home. A rent-to-own home offers a unique opportunity for many prospective home buyers. But that doesn’t always mean it’s a good idea. Rent-to-own agreements come with a lot of risk for both renters and sellers. Here’s a look at how rent-to-own homes work and why you may want to consider other options.
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Everything to Know About BAH Rates, BAH Calculator and Savings to Help
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.
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Buying a Home with a Sump Pump? Here are 10 Things You Need to Know
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.
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11 Moving Tips to Simplify and Save Money
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.
What Does a Title Company Do?
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.
4 Main Types of Home Loans
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.
Best Mortgage Calculator to Estimate Monthly Payments
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.
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