What Every College Graduate Should Know Before Purchasing Their First Home
Posted by Judy Orr on
Are you a recent grad thinking about buying your first home? Tread carefully. Although the historically low rates for a home may give reason to salivate, you want to take a closer look. With the FED’s plans to slow down the “quantitative easing” (QE3) over the next year as announced last month, we may soon see long-term interest rates going up. It may seem like a good idea to jump on the low interest rates before they go up. However, if you have student loan debt, it is critical that you consolidate your loans now. With that said, here are some considerations to ponder before buying your first home.
LOW RATES DOES NOT EQUAL AFFORDABILITY
Just because rates are low, doesn’t mean you can afford it. You may not even qualify to receive a low…
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The video below is a funny rap video put on by REALTOR® Brian Block, who works in Northern Virginia and Washington D.C. It has always seemed like the D.C. market was hot compared to other areas, even when it was cooling off during the recession. According to Brian, in his area 'houses gettin' sold!"
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wonderful time to buy a home. In fact, the government recently provided a tax credit to buyers (which is still available if you are a deployed service member). While the market is favorable and sellers are extremely motivated, many banks are tightening their lending requirements and loans can often seem hard to come by. Although USDA and VA loans may not be the first loans most potential home buyers normally consider when looking at home financing options, each can be a wonderful choice for a wide variety of lifestyles, budgets, and properties.
With money tight right now, as a landlord, you may be tempted to accept a late rent without charging a penalty to the tenant. After all, you are getting your rent money, and doing someone a favor, right? Actually, you may be starting a trend that could end in frustration, anger, and a long expensive legal battle. Here’s how to avoid all of that.