Homebuyer’s Guide to Pre-Paid Costs

Buying a home is an exciting adventure, but it’s crucial to understand all the financial aspects involved to make the process smoother. Beyond your down payment and closing costs, there are several pre-paid costs that you’ll need to address at closing. These pre-paid costs are essential to consider as you plan your home purchase. Here’s a comprehensive guide to help you understand these costs and prepare effectively. What Are Pre-Paid Costs? Pre-paid costs are expenses you’ll need to pay upfront at closing, in addition to your down payment and closing costs. These costs are designed to cover certain future expenses…
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Preparing Your Finances for a Home Loan Application

Embarking on the journey to homeownership is an exciting milestone, but it requires careful financial preparation. Ensuring that your finances are in optimal shape is crucial to securing a home loan with favorable terms. This guide will walk you through the essential steps to get your financial profile in top shape before applying for a mortgage. Assess Your Credit Score and Report The foundation of a strong financial profile begins with a thorough examination of your credit score and report. Start by obtaining your credit reports from the major credit bureaus and reviewing them for accuracy. If you spot any…
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How Can Parents Help Their Children Buy A Home?

One of the most common dreams is homeownership; however, the cost of buying a house is rising quickly, and many children cannot afford to buy a house even after they finish school. They might be encumbered with student loans, and they could have a difficult time finding a job. Fortunately, there are ways parents can help their adult children buy a home. Help Children Build A Healthy Credit History As Early As Possible One of the biggest factors involved in an application for a home loan is the credit score. One reason why children have a difficult time qualifying for…
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Case-Shiller Home Price Index: National Home Prices Reach Pre-Recession Level

According to the Case-Shiller National Home Price Index for June, Seattle, Washington continued to lead home price growth for the tenth consecutive month with a June reading of 13.40 percent growth year-over-year. Portland Oregon held second place for home price growth in the 20-City Home Price Index in June but trailed Seattle by 5.20 percent with 8.20 percent year-over-year home price growth. Dallas Texas held third place with a year-over-year home price growth rate of 7.70 percent. The 20-City Home Price Index increased by 5.70 percent year-over-year and was unchanged from May's reading. Case-Shiller's National Home Price Index reported a…
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