After you have found the right house to meet your needs, you need to make the down payment to complete the transaction. Can you show up at the closing table with a suitcase full of cash? Of course, that would be a bit suspect, so that is not actually how it happens. What do you need to do to actually hand over the funds to buy the house? The Down Payment Is Verified Beforehand First, understand that the down payment is usually verified before you agree to the deal. Your real estate agent … [Read more...]
An Often-Overlooked Trick Can Help You Afford A Second House
The whole idea of investing is to use a portion of your money now to get more down the road. It is important for everyone to diversify their investments, and you might be thinking about buying a second house to do so. Investing in real estate is a goal that a lot of people have, but how can you get started? It was challenging enough to buy your first house, so how can you afford a second one? Use A Cash-Out Refinance To Buy Your Second House One trick that many people overlook is that they … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 9, 2023
Last week’s economic reporting included readings on minutes of the most recent Federal Open Market Committee meeting and its customary post-meeting press conference, labor-sector data on public and private-sector jobs, and the national unemployment rate. Weekly readings on mortgage rates and jobless claims were also released. FOMC Meeting: Policymakers seek a balance between high inflation and rising rates The minutes of the Federal Open Market Committee meeting held on December 13 and 14 … [Read more...]
Staging Tips: How to Make a Small Backyard a Great Selling Feature
Small backyards are not the detriment that sellers seem to worry about. By putting in some work, any homeowner should be able to turn the smallest backyard into a selling feature by highlighting its assets. Here are some surefire ways to change a cramped backyard into a cozy, outdoor paradise: Invest In Size Appropriate Outdoor Furniture Too many people with small backyards make the mistake of picking out patio furniture that is meant for a larger space. While this may not matter for the people … [Read more...]
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