Posts with tag 'mortgage'
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Down Payment: How Much Should You Save for a House?
Buying a home is a significant investment. However, before investing in a house, you must save up a down payment to qualify for a loan. Our real estate agents understand that this can be a daunting prospect, and yet it's not insurmountable. With careful planning, a little research, and strategic use of your money, you can reach your down-payment goal and step into the home of your dreams.
• The 20% Myth
You've likely heard that you need to save 20% of the home's purchase price as a down payment. That's not accurate. You can purchase a home with as little as 0%-5% down for most loans. However, until you've paid down 20% of the loan, you must pay for mortgage insurance. For this reason, most homeowners strive to pay off at least 20% of the loan as quickly as possible.
31
Don't Make These Bidding War Blunders
When you're looking at Morgantown homes for sale, it's easy to find one you fall in love with!
Many places throughout the United States are in the midst of a "seller's market." Low housing supply combined with relatively low interest rates means more qualified buyers competing for fewer homes. When you bid, you may find yourself against two or more would-be buyers.
Our real estate agents want to ensure you're prepared!
17
What You Need to Know About Financing a Home in 2022
Our real estate agents know financing is a home is one of the biggest concerns a new buyer has. Even experienced buyers who've been through it before can find the financing process a bit intimidating. That's one reason it's critical to have a trusted agent on your side.
Morgantown homes for sale are as enticing as ever, but many would-be buyers wonder what the future holds. 2021 saw housing market conditions unlike anything in living memory, which offered opportunities for both buyers and sellers. But as we write this, it's clearly a "seller's market."
8
Buyers: What You Need to Know about Veterans Loans Right Now
If you're undergoing a permanent change of station (PCS), Heritage Real Estate Co. can help. Broker and Owner Heather M. Neill (pictured above with her son, Lt. Wesley "Wes" Neill) holds an official designation of Military Relocation Specialist (MRS) as certified by the National Association of REALTORS®. The certification process includes training specifically for VA financing, making Neill the perfect resource for any military personnel looking to make a move to the Morgantown, WV area.
In addition, Neill comes from a very strong military background: her father was in the U.S. Marine Corps; her sister, brother-in-law, and son were in the U.S. Navy; her brother was in the U.S. Army; and an uncle was in the U.S. Air Force. Neill herself is a member of the Daughters of the American Revolution.
Bill Porter, Broker
(304) 612-3746207 Aurora Dr
Morgantown, WV 26508
WEST VIRGINIA LICENSES BROKER WVB240300963
AGENCY 010271-00
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Office License No. 010271-00