Down payment assistance for healthcare workers can provide a way to save some money on the purchase of a new home. If you’re exploring down payment assistance (DPA) options, this post provides valuable insight on money saving loan types, grants and home buying programs to assist with purchasing a home.
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“Down Payment Assistance for Healthcare Workers | Unlocking Homeownership”
Category: First Time Home Buyer
First Time Home Buyer Program for Healthcare Workers | Save Significant Money
One of the biggest challenges of buying your first home is knowing where to start and what to do next. Purchasing a home is a major, and expensive, decision, and you need to know what you’re up against before you begin. Being a healthcare worker also doesn’t lend a lot of time to research all you need to know. Luckily, Homes for Heroes breaks down our first time home buyer program for healthcare workers like you. Let’s walk through and unpack the common questions and steps of first time home buyers. Read More “First Time Home Buyer Program for Healthcare Workers | Save Significant Money”
Questions to Ask to Get the Most Value from a Home Inspection
There are a lot of steps to buying a house, and while they are all important, some are just more valuable than others. Writing an earnest money check, for example, is necessary, but it doesn’t do much for you as a buyer. A home inspection, on the other hand, can be extremely valuable, potentially helping you save money when you negotiate the home price or keeping you from buying a total lemon.
Getting the keys to your new home is a monumental moment after a long waiting period. The inspection report can give you up-to-date information relating to the nature and location of any defects (if there are any). However, to get the most value out of your home inspection, you need to ask the right questions.
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What You Need to Know About Escrow: The Do’s and Don’ts of How Escrow Works
Buying a home can sometimes be a long and difficult process. But when you find a home you love and your offer is accepted, the finish line is near. This period is commonly referred to as “being in escrow” and there are a number of things you need to do — and not do — before closing. To help you achieve your dream of home ownership, here’s what you need to know about escrow to ensure you can close on your new home.
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10 Steps to Closing on a House for Homebuyers
Hopefully you’re here because your purchase offer was accepted by the seller. You’ve finished celebrating that victory and now you’re preparing for what comes next. If not that’s alright. You’ll get there soon. Closing on a house is a process that takes some time, involves many people and a lot of paperwork. Did you know the average time it takes to close on a house is around 45 days? Your home buying team (real estate, mortgage, title and home inspection specialists) plays an important role in bringing everything together for your closing. Here are the things you need to know about the process of closing on a house and where you can save some money with Homes for Heroes.
8 Tips for Negotiating a House Price
When buying a house, your real estate agent will handle a lot of the paperwork and help with things like managing your house search, writing up your purchase agreement and of course negotiating a house price when you enter a purchase agreement. They will negotiate with the seller on your behalf. But, you will ultimately make the final decision on everything in the purchase agreement. That’s why it pays to know what goes into negotiating a house price. Here are eight important tips for your negotiations.
How to Make an Offer on a House | Purchase Agreement
When you find a house you want, how to make an offer on a house becomes extremely important to getting it. Your real estate agent’s expertise plays an important role in the process. Your offer should set you apart from other potential buyers without paying more than necessary. With so many factors to consider, here are the important steps to take when making an offer on a house.
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Where Should I Live? 4 Important Factors to Consider
When thinking about purchasing a new home it is wise to first ask yourself, where should I live? There are four main factors to consider when determining the location of a new home: convenience, safety, amenities and cost. After you figure out what you want, then you need to determine what you can afford and where those homes are located. Here’s a look at each factor, why they’re so important to finding the right home, and some resources to help you determine where you should live.
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Top 5 Different Types of Houses
When it comes to buying a house, many people immediately picture the standard single-family home. These homes have largely become synonymous with the concept of homeownership. But these aren’t the only types of houses on the market, and your dream home could actually be something very different. From condos to co-ops, other types of houses offer benefits that many people overlook. To help you find the right fit for you and your family, here’s a look at the most common types of houses and the potential each type offers home buyers.
How Much House Can I Afford? | Home Affordability Calculator
One of the first questions to ask yourself when starting your home buying journey is, how much house can I afford? Just because you get pre-approved for a loan doesn’t necessarily mean you can afford to make the monthly payments, and still do everything else you want. This is where budgeting, personal finances, staying on top of your credit, and other financial responsibilities come in to play. It also helps to have a home affordability calculator to determine how much you can afford to pay each month on a home mortgage and still do everything else you want to do.
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