Posts with tag 'Financing'
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27
Building a Strong Financial Base: Get Your Mortgage in Order Before Spring
Our real estate agents at Fisher Nicholson Realty know that getting a mortgage approval is the first key step to buy a home. As spring approaches in Klamath Falls, our team stands ready to help you navigate the pre-approval process and to make smart choices about your finances.
29
Cutting Mortgage Costs: Long-Term Savings Tips for Homeowners
A tiny tweak to your mortgage's Annual Percentage Rate (APR) makes a tremendous difference over its lifetime. It can amount to savings of tens of thousands or even hundreds of thousands of dollars. There are many ways to save money on your mortgage, no matter your APR, and our real estate agents want to help.
17
Mortgage Know-How: Financing a First Home
Shopping for a new home should be fun and exciting. But many first-time homebuyers are intimidated by the process, making them more uneasy than happy. The secret to overcoming this anxiety is knowledge. Our real estate agents want your first home search to be a great experience, so they're sharing some basic information to help alleviate your concerns.
19
Buying and Selling a House: Bridge the Gap
When you move from one home to another, there are always bumps in the road. Sometimes, the road goes out, and you need a bridge to get to the other side. Bridge loans are short-term loans that give you access to cash that you can use to make the transition a little smoother. Our real estate agents often help clients who use bridge loans to pay off existing debts, finance their new home, and other things. There are advantages and disadvantages to bridge loans, and buyers should fully understand the benefits and drawbacks involved before applying for the loan.
Bridge Loan Basics
Bridge loans are short-term, with most having repayment periods of between six to 12 months, but some can extend to two or three years. These loans are typically used by homeowners who wish to purchase a new home before their current home is sold. Homeowners can tap into their equity to secure a down payment, remodel the home they want to purchase, and cover expenses until the house sells.
13
Buyers: Don't Be Confused About Closing Costs
Tired of renting? These Klamath Falls homes for sale are the perfect place to start your home buying journey. Our real estate agents are always available to help you navigate the complicated, and oftentimes, overwhelming home buying process.
Speaking of complicated processes, saving for a home doesn't just mean putting enough money aside for a down payment. You'll also need to plan for closing costs which will come due when you sign your final loan documents.
Understanding what closing costs entail and who pays for them can help you avoid unexpected last-minute financial obstacles.