November 2018

Found 4 blog entries for November 2018.

FHA Loans: What You Should KnowWhen buying a South Plainfield new home, buyers have a lot of options when it comes to choosing the mortgage that’s right for them. One of the loans they may consider is the Federal Housing Administration loan, or just FHA loan. FHA loans are widely used by first-time home buyers as well as veteran home buyers, but what makes them so appealing? Here is everything home buyers should know about FHA loans to make an informed decision about if it’s right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is an FHA Loan?

FHA loans are one of the different types of mortgage sponsored by the United States government, like VA loans and USDA loans.

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All About Making a Down Payment On A HomePeople who are new to the home buying process usually know that they're expected to make a down payment when they purchase a home, but they often have questions about how down payments work.

A down payment is a percentage of the cost of the home paid in cash as a supplement to the home loan. Altogether, the home loan and the down payment must equal the purchase price of the house. A person who wants to buy a home must have cash on hand to make the down payment, except in circumstances when a down payment is not required according to the loan terms.

Just how much money is required for the down payment and how the down payment can be obtained is important information for home buyers to have. Here's what they need to know.

For informational

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Why Home Inspections Are ImportantBuying a home is an important decision. And buying the right home is even more important. So whether the home was built in 1918 or 2018, a home inspection can reveal flaws in the home that aren't readily visible to the naked eye. From faulty craftsmanship to stubborn tree roots, buyers have a chance to examine and learn about the home's downsides before they sign the dotted line to buy the home. Learn more about what a home inspection entails and how homeowners can use it to avoid a mistake.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Inspecting the Elements

A home inspector typically checks the major exterior elements of the home, including

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Using a Mortgage? Check Out These Different TypesWhen purchasing a home, almost all first time home buyers will need to secure a loan or a mortgage to buy the home. There are many different types of mortgages that fit a wide variety of different buyers and the different homes they may want to purchase. It can be overwhelming attempting to understand and decide which is best, especially for a first-time home buyer who may not be familiar with many of them. Here are some of the different common mortgage types and how they may help different types of home buyers.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Federal Housing Administration (FHA) Loan

One of the most popular loans among first-time home

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