Archive for the ‘Helpful Hints’ Category:
Credit Score Myths
Eileen Ambrose of The Baltimore Sun has some good advice on credit scores. Things may not always be what they seem…
I often have new home buyers express concern about their [...]
How Seller Motivation Affect Your Offer
Truthfully, it is rather rare that a seller’s motivation will dramatically affect the price of a home, but it is often possible to save a few thousand dollars. The most [...]
How Market Conditions Affect Your Offer
A hot market is a “seller’s market.” During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even [...]
How Home Improvements Affect Your Offer
Even when comparing exact model matches within a tract of homes, you should note whether the previous owners have made any substantial improvements. Cosmetic changes should be largely ignored, but [...]
How Property Condition Affects Your Offer
Since you have toured the property you are interested in, you should know how it compares to the general neighborhood. All you have to do is put the home in [...]
How Buying a Car Reduces Your Purchase Price
Suppose you earn $5000 a month and you have a car payment of $400. At current interest rates (approximately 8% on a thirty-year fixed rate loan), you would qualify for [...]
Debt to Income Ratios and Car Payments
When determining your ability to qualify for a mortgage, a lender looks at what is called your “debt-to-income” ratio. A debt-to-income ratio is the percentage of your gross monthly income [...]
When Income Grows and You Want to Buy Stuff
When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind.
The desire to [...]
No Major Purchases of Any Kind
Review the article title “Don’t Buy a Car” and apply it to any major purchase that would create debt of any kind. This includes furniture, appliances, electronic equipment, jewelry, vacations, [...]
The Effect of Changing Jobs
For most people, changing employers will not really affect your ability to qualify for a mortgage loan, especially if you are going to be earning more money. For some homebuyers, [...]
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