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FHA home loans are a popular financing strategy for home buyers. They’re especially popular with first-time buyers who don’t have much of a down payment saved up. But FHA loans are also commonly misunderstood. Here are some of the biggest misconceptions about these loans.
But first, a quick definition. An FHA loan is simply a mortgage loan that’s insured by the Federal Housing Administration. ...
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Entire books have been written about the process of buying a home. But the initial steps in the process are the most important of all. This is when many first-time buyers make costly mistakes that come back to haunt them. So in this article, I’d like to focus on the initial steps you should take when buying a home — and how to do them right.
Establishing a budget. Checking your credit. ...
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1. Objectivity – You are too close to your home to see it objectively. This can prevent you from pricing it realistically, and it can also make you blind to any improvements that are needed. A listing agent can point out things that you never would have noticed otherwise. They will help you see the big picture and understand the current real estate market.
2. Pricing — Overpricing is one ...
