Buying Process

April 21, 2015

Are You Ready for 'Owning a Home'?

I am always thrilled to hear when folks make the jump to home ownership. And it's important for prospective homeowners to know about all the resources available to them to help the experience go as smoothly as possible, especially when it comes to financing.

Earlier this year, the U ...

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April 20, 2015

5 Simple Tips to Secure the Necessary Down Payment Funds

Purchasing a home is an expensive proposition, and for many buyers, securing funds for a down payment is a challenge in and of itself. But before you cross the idea of ever being able to afford a house off the list, the following ideas will go a long way toward ...

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March 19, 2015

Selecting a Lender


Finding a mortgage lender is not a problem. Selecting someone who will help you find the best loan product for your situation even if it means sending you to another lender is paramount.

There is a huge advantage to be able to sit across the table from someone you’re doing ...

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Sept. 24, 2014

Buying a Home from a Foreign Seller? Don't Forget FIRPTA!

Recently, I talked about the growing number of multicultural home buyers entering the American Real Estate market. But there is also some very important information American buyers need to heed if they are buying a home from a foreign owner.

Thomas L. Smitha, JD CPA is Associate Director of Tax ...

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Sept. 9, 2014

Money Down the Drain



Private mortgage insurance is necessary for buyers who don’t have or choose not to put 20% or more down payment when they purchase a home. It is required for high loan-to-value mortgages and it provides an opportunity for many people to get into a home who otherwise would not ...

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Aug. 21, 2014

7 Helpful Tips for First-time Homebuyers

Looking for a new home can be a pretty exciting task. With that much money on the line, it’s worthwhile to read up on the process before you set out. Unnecessary mistakes can—and should—be avoided while trying to get the best deal for your money. As a first-time homebuyer, proper ...

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July 29, 2014

10 Investment Tips for Buying a Vacation Home

1. View the home as a form of recreation, not an investment.

If you buy one, make sure, above all, that this is a house and an area you enjoy. It will be worth the cost if you spend as much time there as possible, put your heart and soul ...

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July 26, 2014

Beware of Mortgage Brokers Who become 'Mini-Correspondent' Lenders

I was recently notified that the Consumer Financial Protection Bureau (CFPB) is issuing guidance to aspiring homeowners regarding mortgage brokers transitioning to what is known as a “mini-correspondent” lender model.

The CFPB is concerned that some mortgage brokers may be shifting to the mini-correspondent model under the mistaken belief that ...

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July 1, 2014

Make Good Offers Better


It’s disappointing, frustrating and sometimes, discouraging when you lose a home you want to buy.

One of the hardest lessons for today’s buyers is that writing an offer doesn’t mean that you’ll get the home or even a counter-offer. The low inventory affecting many of the housing markets requires a ...

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June 3, 2014

Another Source for a Down Payment

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Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn 59.5 years old. There is an exception for first-time home buyers that allows a penalty-free withdrawal of up to $10,000 per person if they haven’t owned a home ...

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