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.
Buying a house is an exciting time. Once the purchase agreement is signed, it is time to start thinking about moving. Packing up everything you own and actually going through the moving process is far less exciting. To help make things easier, Homes for Heroes put together the ultimate moving checklist. This is a printable moving checklist to keep you on top of everything. It offers a complete list of things you’ll need to get done over the course of two months. Don’t have two months, no worries! You can adjust the timeline to fit your situation. Here’s a look at what’s included in the Homes for Heroes ultimate moving checklist along with some other resources to help with the move and save you some money.
When buying a house, your real estate agent will handle a lot of the paperwork and help with things like managing your house search, writing up your purchase agreement and of course negotiating a house price when you enter a purchase agreement. They will negotiate with the seller on your behalf. But, you will ultimately make the final decision on everything in the purchase agreement. That’s why it pays to know what goes into negotiating a house price. Here are eight important tips for your negotiations.
When you find a house you want, how to make an offer on a house becomes extremely important to getting it. Your real estate agent’s expertise plays an important role in the process. Your offer should set you apart from other potential buyers without paying more than necessary. With so many factors to consider, here are the important steps to take when making an offer.
The Veterans Association of Real Estate Professionals (VAREP) Jacksonville Chapter, Homes for Heroes real estate specialists, Mario Gonzalez and Susan Severson, and the Homes for Heroes Foundation came together to present former U.S. Marine Corps veteran and Clay County firefighter, Jeremy McKay and his wife Tanya, a $5,000 hero grant to assist their family with housing and emergency financial needs.
In 2018, our caring community of real estate and mortgage specialists excelled at our mission to thank every hero. Their commitment to the Homes for Heroes Circle of Giving and the services they provide our heroes is unparalleled. A select group of Homes for Heroes affiliate real estate and mortgage specialists went above and beyond for the heroes in their community.
We are honored to present each of these extraordinary Homes for Heroes affiliates with 2018 Homes for Heroes Affiliate Awards in recognition of their committed effort to the mission of Homes for Heroes, for representing our core values, and for providing exceptional service and Hero Rewards® savings to the heroes in their community.
Your house searching probably began online, browsing listings to see what is available and what they cost. If you’re looking for a competitive edge, you’ve come to the right place. Consider this: the average home buyer will spend over four months house searching before they actually buy. During that time you will compete with other home buyers to get the house you really want. To keep you from wasting time looking at less than desirable houses, and get you ready to take action when you find the right house, here are four important house searching tips to help you beat out other home buyers.
As you begin the home buying process, one of the questions your real estate agent will ask is, “What are you looking for in a home?” It seems like a simple enough question, but there are many variables to consider. Knowing what to look for when buying a house, allows you to narrow down your house search. It will save you valuable time and help you find the right house for you and your family. The best exercise is to download the Homes for Heroes home buying checklist and follow this 3 step process.