Found 11 blog entries tagged as First Time Home Buyer.

Is a USDA Loan Right for You?

If you thought U.S. Department of Agriculture (USDA) loans were just for farmers, think again. Many homes in small towns and even the suburbs are eligible for USDA loans. But hey, if you are a farmer, you can probably benefit from this loan type too.

What is a USDA Loan?

A USDA Guaranteed Rural Housing Loan is a 30-year mortgage with an interest rate determined by the lender. They were long thought of as just for farmers, but the program has been expanded in recent years to help families without adequate housing finance the purchase of a home in a rural area.

A USDA Guaranteed Rural Housing Loan is 30 years, with an interest rate determined by the lender. No down payment is required (yes!), which sets these…

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Gallup polls continue to report real estate as the preferred investment choice for Americans, topping stocks and besting gold for another year in a row. Surprised that real estate beats out gold with American investors? Read on to discover four reasons why real estate investing is the safest choice.

With many advisors predicting the end of the bull market, investors with all of their eggs in the stock market basket could be headed towards losing the gains they’ve experienced over the last eight years or so. Real estate, however, is much less of a gamble and far more accessible for potential investors.

Low-risk

Unlike the stock market, which is unpredictable at best, real estate investors can make market predictions based on hard data to…

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Questions to Ask When Buying A HouseWhen looking through the different homes for sale in Kissimmee, FL, you’ll quickly need information about the home you’re considering. Asking the right questions will give you a lot of insight about the home and the circumstances surrounding its sale. Prior to buying your next home, consider asking the seller some of the following questions about the house.

Best Questions to Ask About Houses for Sale in Kissimmee, FL

Why Is The Home For Sale Now?

The first question to consider is why the seller has decided now is the time to sell their house. Some people want to get a bigger or smaller house because of their specific circumstances. Others had a job transfer, or they want to move closer to family.

However, not all buyers are going to be honest when…

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9 Steps to Buying a House

For most people, buying a house takes years of planning and preparation. The whole process can be overwhelming, especially for first-time homebuyers. Step-by-step, we’ll guide you through the important decisions that go into homeownership. When it’s over, you could have the keys to your dream house and the biggest investment you make in your lifetime.

1. Check your financial and credit history

Your financial history and credit score affect your overall loan options, and a higher credit score will usually get you a lower interest rate. To avoid any surprises down the road, know what your credit score is before you start the mortgage preapproval process. Most mortgage lenders like to see credit scores in the mid 700s…

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Your home purchase is a big deal, but your down payment shouldn’t be. If you haven’t saved a significant down payment for a home, but you’re otherwise qualified to receive financing, we have you covered. Waterstone Mortgage offers a variety of no- and low-down-payment mortgage programs to help you achieve your goal of homeownership.

No Down Payment

USDA/Rural Housing Loans

  • FICO as low as 600
  • Home must be located in designated area

VA Loans

  • FICO as low as 600
  • No mortgage insurance requirements
  • Available for active-duty military, veterans, reservists and members of the National Guard, and some surviving spouses of veterans

Wealth Building Loan

  • FICO as low as 680
  • Financing through adjustable rate mortgage
    • …

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Moving to a new house can be hugely exciting, but it is also nerve wracking. The stress of moving aside, it can take a while for this new, unfamiliar place to start feeling like home. This period of transition is completely natural, but there are a few things you can do to speed it up. 

  • Unpack Right Away

The easiest way to make a new house feel like home is to see your stuff in it. That is why it is best to start unpacking as soon as possible. That said, it is best to have a strategy before jumping in. The first rooms you should unpack include the nursery and kids’ rooms and the kitchen, and it is a good idea to organize high-traffic areas such as the linen closet and entryway right away. 

  • Decorate!

For many…

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