FamilyFirstRealtyBlog

How to Buy Your First Home: A Step-by-Step Tutorial By  Amy Fontinelle   Investopedia.com 2018     {Click on each of 13 steps to read:} Buying a Home: Introduction Buying a Home: Choosing Your Location Buying a Home: Determine Which Kind of Home Suits Your Needs Buying a Home: Calculate How Much Home You Can Afford Buying a Home: Special Programs for First-Time Buyers Buying a Home: Get Preapproved for a Loan Buying a Home: Find an Agent Buying a Home: Find a Home Buying a Home: Write an Offer Buying a Home: Go Through the Escrow Process Buying a Home: Get Properly Insured Buying a Home: Close and Become a Homeowner Buying a Home: Conclusion Many people go through life thinking that they could never buy a home. Maybe they think they can’t afford it, or they think that their credit isn’t good enough. Perhaps the whole process of buying a home is just so daunting and complicated that they won’t even allow themselves to daydream abo...

What If I Wait Until Next Year To Buy A Home? By: KCM Keeping Current MAtters 5/7/18 We  recently  shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about  ‘short-term price’  – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the  ‘long-term cost’  of the home. The  Mortgage Bankers Association  (MBA),  Freddie Mac,  and  Fannie Mae  all project that mortgage interest rates will increase by this time next year. According to  CoreLogic’s  most recent  Home Price Index Report ,  home prices will appreciate by 5.2% over the next 12 months. What Does This Mean as a Buyer? If home prices appreciate by 5.2% over the next...