If you have a good credit history and are prepared to invest in a home, you may be feeling pretty confident about the mortgage process. However, it's important to be aware that there are things that can have a negative impact on your application. Whether you've just submitted your documents or are getting close to it, here are some things you may want to avoid.
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The prospect of finding the home you've always dreamed of can be such an exciting prospect that it's easy to forget all about the process of negotiating. However, it's important to keep a few things to yourself when it comes to the art of making the deal. If you're currently searching for the right place and are preparing to sign on the dotted line, here are a few phrases it's best to avoid.
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Whether they're found online or heard from family and friends, there are so many mortgage tips out there that it can be hard to know exactly how to proceed. But, if you're new to the market, there are a few surefire things you can do to get a mortgage rate you'll feel good about. For some of the best tips on getting a great loan, look no further than the following.
The idea of purchasing a property and having renters can be an exciting business venture that offers lucrative financial rewards. However, there's a lot involved in being a successful landlord and it's important to be aware of what's required before making the commitment. Whether you're investing in one rental property or five, here are some questions you should ask yourself before getting involved.
Can You Do-It-Yourself?
There's a lot more to being a landlord than taking the rental check, and one of these things is being there for the tenant when push comes to shove. If there are issues with the heating or the fridge breaks down, you're going to be the one who has to facilitate or complete the repair, so you'll need to have the wherewithal to fix problems effectively. While there are many situations where a repairperson can help, having some DIY skills goes a long way towards turning a better profit.
Do You Have The Time?
Weeks and even months may go by where your tenant requires little to nothing from you, but if you own an older property or have several renters, even maintaining the place can get to be quite a bit of a chore. It can be a good expenditure to have a contractor take care of these issues, but you'll still have to use your time to find the right person and oversee the budget. If you already have a pretty full schedule, being a landlord will add a lot more to the pile.
With all of the home renovation and fixer-upper shows on television, the idea of completely renovating and re-doing an old home can seem like an enticing premise. Unfortunately, investing in the wrong fixer-upper can mean an awful lot of expenditure without the added financial rewards. Whether you're considering investing down the road or are ready to dive in, here are a few things to consider first.
Once you're done with debt and you've started to save, it's commonly the case that you'll start hearing about the risks and rewards of investing in stocks or real estate. Unfortunately, it can be difficult for many people to know what type of investment is going to work better for them down the road. If you're currently considering what you should put your money into, here are some reasons you may want to turn to real estate.
There's a lot of flexibility and personal freedom associated with self-employment that can be a great benefit to your lifestyle and your pocketbook. However, because of the somewhat unpredictable nature of self-employment, it can make acquiring a mortgage a little more difficult. If you've recently become self-employed or have been in the game for a while, here are some things you may want to consider before submitting your mortgage application.
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An open house is one of the best opportunities a potential homeowner will have to take stock of a home and determine if it will work for them. However, it can also be a good opportunity to discover some glaring red flags that might make it a less worthwhile investment. If you're currently perusing the open houses in your neighborhood, here's some things you should make sure to watch out for.
The search for a new home is difficult enough for the average person, but if you're helping a friend or relative who has a disability, there are even more things to be aware of. If you're not sure quite how to tackle the housing market, here are a few things to look out for so that you can be sure your friend is getting the home they'll need.
There are so many things involved in moving into a new home in a different neighborhood that it can be easy to forget about the proximity of many nearby amenities. However, if you have children, the local schools available can make-or-break the decision on whether or not to invest in a house. If you're wondering how you can find out more about the local school, let the following tips be your guide.
Is home ownership in your near future? If buying real estate in Helena MT is your goal, you might be busily touring prospective homes. While looking at potential abodes, many people focus on kitchen countertops, flooring, and sizes of rooms. Unfortunately, homebuyers often overlook a few important items. If buying a home is your dream, consider the following, five things to investigate when touring prospective houses.
Given the thrill of purchasing a home, first-time buyers and seasoned property owners alike may fall victim to certain common mistakes. Searching for a new home is often an emotional process, and many buyers unwittingly allow their feelings and desires to cloud logical judgment.
As a home buyer, it is crucial to remember that this may be one of the most significant investments you will ever make. Therefore, the process should be controlled by research and reason rather than impulse and emotional attachment. Consider these five common but avoidable mistakes that could stand between you and your ideal home:
If you’re planning on buying real estate in the next year, this summer and into fall would be a good time to pull the home ownership trigger because mortgage rates are expected to tick upwards in the next six months. That’s just one trend to consider as you plan for your housing future.
Home ownership can provide amazing opportunities for buyers in Montana. Getting approved for a mortgage loan is among the most important initial steps. Once you know the amount that you can reasonably afford, you can speak with a licensed real estate agent about buying a home.
For some people, buying real estate is one of the scariest events of their lives. Because buying a home requires a significant investment, people are often afraid of making a bad choice. If home ownership is in your near future, consider shopping for a fixer-upper. The benefits of purchasing an outdated, older home often far outweigh the risks.
As the weather warms up, this spring is an excellent time to review 2016’s hottest home design trends. In real estate, buyers' preferences are constantly evolving, and sellers can benefit from incorporating some of the latest styles into their homes. As a seller, even if you do not have the time or budget for a full renovation, minor adjustments that pay homage to these new trends could help to optimize your sales price and reduce your time on the market.
We have some stunning lakes here in Montana and many people dream of owning property on them. Buying any type of property is complicated these days. There are loans, inspections, appraisals, title commitments, and people to deal with. Buying water front property has additional complexities to consider before you go shopping for one.
Owning investment property can have many advantages. It can be a way to create a retirement fund for you and it can provide some tax benefits. However, if you’re going to become an investor make sure you understand how to. Be educated but cautious. There are a lot of factors when looking at investment property. Here are some listed below.
This is a market ready for first-time home buyers. There are some great programs out there to help with that first time purchase, whether it’s education, downpayment assistance, and others. And did you know that you don’t technically have to be a “first-time” home buyer? You just have to not have owned a home for at least three years and you technically become listed as a first-time home buyer again. This is particularly helpful for those that lost their homes because of divorce, bankruptcy, foreclosure, etc. We’ve all been through rough times and won’t be punished forever.
So here are some tips if you are ready to make your “first” purchase.
submitted by Jeff Boyer, Loan Officer, First Community Bank
This program is a great way to thank our veterans by getting them into their first homes with a lower than average interest rate. There are a few rules that have to be followed but most first time home buying veterans should qualify.