Home-buying season is coming up. With the warmer weather approaching, home buyers are eagerly waiting to find their dream place. Since buying a house is typically the biggest purchase youâll make, preparing your finances can give you a significant win….
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The post How to Financially Prepare to Buy Your First Home appeared first on MintLife Blog.
Buying a home can feel like a cutthroat process. But getting mortgage preapproval can help you, especially in a hot house market. What Is Mortgage Preapproval? Mortgage preapproval comes in the form of a letter from a lender that states that you qualify for a loan of a certain amount and at a certain interest […]
The post The Art of Mortgage Pre-Approval appeared first on SoFi.
Buying a fixer-upper is sometimes romanticized by pop culture. While itâs fun to dream, the reality of home renovation is that it can be laborious and draining, especially if the home needs serious help. Repair work requires energy and resources, and it can be difficult to secure a loan to cover both the value of […]
The post What to Know about FHA 203K loans appeared first on SoFi.
Living room makeovers can happen in various stagesâthey donât have to be all or nothing. Simple, affordable updates like new lighting, paint or flooring can have a big effect on the roomâs welcoming vibe. Whether you have the budget for a total overhaul or youâre just looking for an easy update, there are some ways […]
The post Living Room Remodel: Should You Do It? appeared first on SoFi.
You can order anything on the internet these daysâeven a house. But as with other online purchases, itâs a good idea to do some research first. Kit houses are often considerably more affordable than a new home custom built from the ground up. And just like other homes, they have the capacity to appreciate in […]
The post Are Kit Homes Worth the Investment? appeared first on SoFi.
Buying a new home requires managing a lot of moving parts, from mortgage preapproval to closing. Even after an offer is accepted, buyers and sellers are still at the negotiating table. If closing costs or surprise expenses become too much for the buyer, a seller concession could help seal the deal. Although seller concessions can […]
The post Understanding Seller Concessions appeared first on SoFi.
Laundry rooms are the workhorses of the home. Theyâre also often sandwiched into small spaces, or in areas of the home that arenât all that convenient, causing some homeowners to consider a remodel. Whether you should undertake a laundry room remodel depends on what you plan to use it for, its size, the kinds of […]
The post Is It Worth Doing a Laundry Room Remodel? appeared first on SoFi.
Buying a home is a major responsibility. If you are unable to continue paying the mortgage on your house, what happens next? Youâve heard of foreclosure and know it can get rather nasty. But did you realize thereâs another option called a deed in lieu of foreclosure? This option may be a bit less stressful […]
The post What Is a Deed in Lieu? appeared first on SoFi.
If youâre a homeowner considering a range of home improvements, you may not know if what youâre planning is a renovation or a remodel. Does it matter? Yes, because there are key differences. A renovation is an update of an existing room or structure, while a remodel affects the design and purpose of an area. […]
The post Renovation vs. Remodel: Whatâs the Difference? appeared first on SoFi.
Nothing compares to scrolling through listings until you find the home with the perfect garden, garage, and floors. Then comes the less fun part: figuring out how to finance your home purchase. For the vast majority of people, acquiring a new home means taking out a mortgage, a loan for the part of the house […]
The post What Is A Conventional Home Loan? appeared first on SoFi.