Interest rates are at all time lows, I’m sure you’ve heard. But what exactly is an interest rate? Why does it matter if they’re low? How can you get an interest rate even lower? In this edition of Open House, I’ll address all these common questions and more as you prepare to buy or refinance a home. Read More “Open House: Guide to Interest Rates”
Do you need assistance with coming up with money for your down payment? See Grants are like loans, usually given by the Federal Government, that don’t need to be paid back. Grants can make a significant impact on both the ability to buy a home or not, and how much home you can afford. Luckily, there are lots of police officer grants for those looking to buy a home. Read More “Police Officer Grants Available for Down Payment Assistance”
One of the biggest obstacles when it comes to buying a house can be coming up with the down payment. Saving thousands of dollars as a law enforcement employee can be difficult and take years. What many people don’t know is that there are all kinds of programs, grants, and down payment assistance for law enforcement. We’ve compiled the most common savings programs for use on house down payments. Read More “Down Payment Assistance for Law Enforcement”
Buying a home can be expensive. Really expensive. At Homes for Heroes, we want to see all our local heroes find the joys of homeownership. There are many law enforcement home buying programs and grants out, so we broke down the options for you below. Take a look at some of the best assistance programs for law enforcement professionals to buy a house. Read More “Law Enforcement Home Buying Programs”
When you bought your home, you took out a mortgage loan for the cost of your house. If it was your first home, maybe your credit score was lower, and you had a higher interest rate. If it was a few years ago, you almost surely had a higher interest rate, as current rates are at or near historic lows. Maybe you’ve put a lot of work into renovating your house, and it will appraise for more money. All of these are good reasons to refinance your mortgage as a physician. You’ve heard it can save you money, but what does refinancing your mortgage even mean? Read More “Physician Mortgage Refinance | Save on Closing Costs”
Coming up with a down payment can big the biggest obstacle to buying your first home. Luckily, there are several programs with down payment assistance for healthcare workers. There are also different types of home mortgage loans that require little or no down payment. Homes for Heroes also offers Hero Rewards to heroes across the country in healthcare, law enforcement, education, firefighting, EMS and military professions. Read More “Down Payment Assistance for Healthcare Workers”
It IS possible to buy a house with bad credit! But under the current housing market conditions, it is much tougher. There is a chance you may need to improve some things before it can happen. Here we will provide you with what you need to know about buying a home with bad credit, what it will take to qualify for a home loan and what you can do to improve your credit to make your home buying experience a reality.
Read More “Is It Possible to Buy a House with Bad Credit?”
Buying a home can sometimes be a long and difficult process. But when you find a home you love and your offer is accepted, the finish line is near. This period is commonly referred to as “being in escrow” and there are a number of things you need to do — and not do — before closing. To help you achieve your dream of home ownership, here’s what you need to know about escrow to ensure you can close on your new home.
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 financially, 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.
Credit score vs credit report, seriously, what is the difference? A credit report is a historical tracking system of how you use credit. A credit score essentially summarizes your credit history into one number. The information and data contained in a credit report is used to calculate your 3-digit credit score. If you are planning to apply for a car loan, mortgage, or credit card, lenders will look at two things to help determine how risky it is to lend you money and your ability to pay back borrowed money, and they are your credit score and credit reports.