Can I take out a home loan for land?

“I have been searching online to see if I can take out a home loan just for land? By home loan I mean a loan for a home and not a personal property loan like on a trailer court. Am I qualified for a home loan? I want to keep the loan as cheap as [...]

I want to Buy a Second Home?

“I currently own a home with value about $300000 or more and loan is about 369000, I want to see if I can buy a another home and keep this one also. I have a big family and would like to get another home, my FICO is 700 or more I am a self [...]

Common Closing Costs Question?

What are Closing Costs?

“I want to buy a house that is 165,000, the taxes are 2,800, and my realtor says the closing costs are going to be 10,000 dollars, isn’t this pretty high? I want to ask the seller to pay but even if he does that still takes money out of [...]

First Time Buying

Home Ownership

To some, the idea of buying a house, condominium, cooperative, or the like is based on the conventional wisdom that everyone should own a home. Being a real estate agent in New York, I usually hear from my first time buyers, “What’s the benefit of buying rather then renting?” As a real estate [...]

10 Ways to Prepare for Homeownership

Home Ownership

10 Ways to Prepare for Homeownership

1. Decide what you can afford. When starting your journey into the world of homeownership, you first have to figure out in what you can afford. You need to see what your monthly limit is for a possible real estate loan you are going to take out.

2. Develop [...]