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Apartment DIY

What Is a No-Fee Mortgage?

Apartment DIY, Grand Prairie
Witthaya Prasongsin/Getty ImagesWhen you apply for a mortgage or refinance an existing mortgage, you want to secure the lowest interest rate possible. Any opportunity a borrower can exploit to shave dollars off the cost is a big win. This explains the allure of no-fee mortgages. These home loans and their promise of doing away with pesky fees always sound appealing—a lack of lender fees or closing costs is sweet music to a borrower’s ears. However, they come with their own set of pros and cons. No-fee mortgages have experienced a renaissance given the current economic climate, according to Ralph DiBugnara, president of Home Qualified. “No-fee programs are popular among those looking to refinance … [and] first-time home buyers [have] also increased as far as interest...

Home Buyer’s Guide: How to Purchase a Property, From Start to Finish [Free Download]

Apartment DIY, Grand Prairie
Purchasing a home is both exciting and a major milestone in your life, so you’ll want to be prepared for what to expect to avoid a stressful process. Having an in-depth look at the buyer’s journey can help you make informed and confident decisions. From finding a real estate agent, negotiating offers to getting your keys on closing day, we’ve outlined all the steps of a home buyer’s journey in our free Buyer’s Guide, which you can download here. The Buyer’s Guide will cover the buyer’s timeline from meeting an agent to preparing for closing day. We’ve outlined the 8 steps in a home buyer’s journey below. 1. Working With An Agent Every city is filled with thousands of agents, but not all are equal. We believe it is important to choose an agent that you feel confident with. Before you commi...

Don’t Panic! 3 Money-Saving, Last-Minute Tax Tips for Homeowners

Apartment DIY, Grand Prairie, Taxes
kroach/iStockIt’s heeeere: tax time. Granted, this year, the coronavirus pandemic prompted the Internal Revenue Service to extend the usual April 15 deadline to July 15. That might have seemed like plenty of time—and yet here we are, with a mere two weeks to go and a filing window that’s closing fast. We get it. Maybe you’re a procrastinator. Or maybe you’re a homeowner who, rather than taking the easy-peasy standard deduction, generally tries to save a bundle by itemizing your deductions instead. Whatever your reason, if you’ve put off filing your taxes until now, don’t panic! You still have options. Here are three last-minute tax tips for homeowners that could save you plenty of money, headaches, and more. Tip No. 1: Grab Form 1098 Form 1098, or th...

A Guide To Everything You Need To Know About Home Ownership Costs [Free Download]

Apartment DIY, Grand Prairie
Along with the excitement of purchasing a new home, comes the additional costs that you will be expected to pay as a homeowner. Apart from covering the mortgage of your home, you’ll have additional expenses – such as home insurance – that you will be expected to cover. If you’re looking to budget for a home purchase, it’s important that you consider these costs as they can add up to thousands of dollars each year. To help you make educated decisions when budgeting, we’ve compiled a list of the major home ownership costs in one free, downloadable guide. Get the Home Ownership Costs to Consider guide here. Home Insurance Home insurance policies help protect against serious damage and destruction, like fires, leaks, floods, or break-ins. It also protects a homeowner from personal...

5 Speedy Ways to Come Up With a Down Payment

Apartment DIY, Grand Prairie
Sally Elford/Getty ImagesThe best way for first-time home buyers to come up with a down payment for a home: save for one, of course! But sometimes you’re in a hurry. Maybe your dream house just popped up on the market, or you’ve simply had it with being a renter. Whatever the reason, you’re ready to buy a house, now. But while your credit is good and your career is stable, you still need to come up with that big chunk of change for a down payment. Watch: 4 Things You Can Give Up to Make a Down Payment   Never fear: There are plenty of ways to amass a sizable down payment fast. Check out these tactics, along with their pros and cons. 1. Dip into your 401(k) If you’ve been socking away money in your 401(k), it is possible to borrow from that for a home loan—and get t...

What Buyers and Sellers Need to Know About Multiple Listing Services

Apartment DIY, Grand Prairie
In the world of real estate, both buyers and sellers need to ensure they have access to a multiple listing service for many reasons. The connection? Using a real estate professional. Here are the benefits both buyers and sellers need to know when using an MLS. The post What Buyers and Sellers Need to Know About Multiple Listing Services appeared first on Homes.com.Source: homes.com

How to Prepare For Closing Day [Free Downloadable PDF]

Apartment DIY, Grand Prairie
After you’ve successfully put in an offer for your dream home and set a date for closing, you’ve come to the final steps of your home buying journey. However aside from getting the keys, you’ll want to be prepared for the additional costs, and steps that will be required for a successful home purchase. The Preparing For Closing Day guide contains information, tips, and more about what to expect on the big day. The guide will also include a checklist of what to prepare and an example of how to calculate the funds needed for closing. To learn more about how you can best prepare for closing day, get our free buyer’s guide here. Pre-Closing Day Checklist To ensure a smooth process for your home transaction, you’ll still have a few steps to go through before you get your keys. Here are 6 steps...