North Carolina Homeowners Insurance Assistance
Of course not! And if you’re like most, you hate finding out later you could’ve prevented it had you not missed the memo. Now that you are informed here is what you can do about it says NC Homeowners Alliance that stated… Last year, North Carolina’s homeowners convinced Insurance Commissioner Mike Causey to block an unreasonable homeowners insurance rate hike, bringing the […]
House Charlotte Program Update
The House Charlotte Program is a homebuyer assistance program that assists buyers with their down payment by granting them a forgivable deferred loan. Homebuyers can get between $7,500 and $17,000 in assistance based on various criteria. The funds can be used as down payment, closing cost (that may also include credit repair/counseling), and interest rate buy-down. […]
NCHFA HOMEBUYER PROGRAM
Do you qualify for the NC 1st Home Advantage Down Payment Program? NC 1st Home Advantage Down Payment Program is a program offered by the North Carolina Housing Finance Agency. This program offers $8,000 in down payment assistance to first time buyers or military veterans looking for a home in North Carolina. First-time buyers can also be anyone who hasn’t […]
Why You Should Not Make Any Major Credit Purchases
Don’t go on a spending spree using credit if you are thinking about buying a home, or in the process of buying a new home. Your mortgage pre-approval is subject to a final evaluation of your financial situation. Every $100 you pay per month on a credit payment could cost you about $10,000 in home […]
Use a Buyer’s Agent
It’s important that you choose an experienced agent who is there for you. Your agent should be actively finding you potential homes, keeping you informed of the entire process, negotiating furiously on your behalf, and answering all of your questions with competence and speed. First, find an agent who represents you and not the seller. […]
Thinking About Buying a Foreclosure?
With the housing bubble burst and the subprime mortgage crisis, millions of homeowners found themselves unable to make their mortgage payments. Many found themselves owing more on the house than the home was worth. Many just walked away from their homes. As a result of these complicated issues, millions of homes were foreclosed. While this […]
Is Buying a Home Still a Smart Plan
With the burst of the housing bubble, credit crisis, and millions of foreclosures across the country, you may wonder if buying a home is such a good idea after all. However, it’s important to consider all of the facts. The important message to take away from these events is not that buying a home is […]
Importance of Inspection
As a buyer, you are entitled to know exactly what you are getting. Don’t take anything for granted, not even what you see or what the seller or listing agent tell you. A professional home inspection is something you MUST do, whether you are buying an existing home or a new one. An inspection is […]
Hot, Normal, and Cold Markets
Hot Market This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes will sell for more than the […]
Getting a Legitimate Lender and Getting Pre-Approved
It used to be that buyers could go house shopping and when they have found their dream home, then they go to get pre-approved. However, in today’s market, that has proven to be one of the least effective methods in landing the dream home. Most lenders can pre-qualify you for a mortgage over the phone. […]