Real Estate Tips

Quick tidbits of advice and ideas about real estate.

Found 126 blog entries about Real Estate Tips.

Do you have plans to purchase a retirement house? It doesn’t matter if you’ve already retired or still have a long way to go before retiring. The perfect time to plan for your future home is now. 

This article will break down essential details that you’ll need to consider before buying your retirement home.

Should you buy before or after retiring?

Purchasing a retirement home well before retirement age has many benefits. Firstly, it’s easier to qualify for a mortgage while still having a job and the income to pay expenses. Secondly, you could put the house up for rent for profit –or at least to cover the monthly mortgage of the second home. 

Buying a home after retiring also has its perks. First, if you’re not sure where you want to

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When you’re ready to sell your home, time is quite literally money. In this competitive seller’s market, you can capture the attention of buyers by taking simple steps to boost curb appeal. The following suggestions from our team are tried-and-true methods to ensure your home is snapped up as swiftly as possible.

Take a Photo to Gain Perspective

We view our homes through our own personal lens. This lens is colored by our emotions, experiences, expectations, and preferences. To help homeowners overcome this hurdle, we recommend taking a photo from the street. This type of photo will be the style prospective buyers will first encounter and will capture the first impression your home will make during tours and open house events. 

View the

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Did you know that you could save thousands of dollars if you prepare your credit before applying for a mortgage? Your credit score is one of the most critical factors that determine your mortgage interest rate and which home loan program you qualify for.

This article will show you how you can get your credit in top shape for your upcoming mortgage.

1.) Learn where your credit scores stand.

First off, know that your credit score doesn’t have to be perfect to buy a home. Several loan programs allow buyers with credit scores in the low 500s to purchase a home. However, you should be aware that with low credit scores typically come paying higher interest rates.

Because of this, we recommend you begin by checking your credit scores so that

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If you think that buying a house with bad credit is impossible, we have good news! It may be more complex, but it can be done!

But before you go house hunting, it's essential that you review your financial situation. Homeownership involves unexpected expenses that may be hard to cover if you're financially unstable. 

Let's look at how lenders understand a bad credit score, the loan options available for struggling credit, and the average credit requirements for getting approved for a loan.

What Is Considered A Bad Credit Score?

When it comes to conventional home loans, mortgage lenders can set their own credit score requirements. Because credit scores are used to determine risk, they essentially set the maximum risk they are willing to

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One of the greatest aspects of being a homeowner is the freedom to upgrade and remodel your home as you please. While renters are usually limited to personalizing their homes with potted plants and artwork, homeowners can rearrange the very walls of their properties.

Still, as you begin your search for a home to purchase, keep in mind that not all remodeling undertakings will repay your investments equally. The worst time to discover that you’ve chosen the wrong projects is when you’re ready to put your home up for sale. To help you avoid common cash-consuming mistakes, our team did the math, read the statistics, and we’re ready to share our top ten projects that could lower your home value.

1.) DIY Projects (Above Your Ability)

DIY

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The mortgage underwriting process is essential to verify income and ultimately determine whether the loan is approved or not. In addition to examining your income, the underwriter will also dive into significant events such as recently graduating from school, switching careers, or starting a new business.  

Because the amount of money being loaned is substantial, the verification process can be tedious and requires plenty of documentation to get it done.

This overview will give you an idea of what to expect during the underwriting process to better prepare for it. Have specific questions about underwriting? Contact Steadfast Mortgage!  

What are the income requirements when applying for a loan?

When applying for a loan, the question is

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Purchasing your first rental property is a big step in your real estate investor journey. Aside from choosing a potentially profitable property, you need to figure out how to finance your rental.

Before sharing how to apply for an investment loan, let’s look at how a primary home mortgage differs from a rental property mortgage.

The Difference Between a Mortgage for a Primary Home and a Rental

On the surface, a mortgage for a rental may look similar to a mortgage for a primary home since the application process is the same. However, there are different rules and guidelines lenders follow when you apply for a mortgage on a rental property.

Larger Down Payments

For a primary home, you can make as little as a 3% down payment in some

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If you are looking to buy a home but are worried that you can't afford monthly payments, why not consider a foreclosure as your first home?

A foreclosed home is usually owned by a bank or lender and sold at prices way below its market value. Who knows, you may just hit the jackpot by purchasing a residence that would have been out of your price range. 

Here are the top reasons you should consider foreclosed properties as a first-time buyer.

How Buying a Foreclosure Works

A foreclosure happens when a borrower fails to pay their monthly payments. The lender then exercises his right to seize the property and resell it to recover or reduce its financial losses.

Foreclosed properties are usually put up for auction, which means that lenders

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Congratulations on the purchase of your home here in beautiful Middle Tennessee! You’re undoubtedly excited about all of the fun parts of moving to a new house. Decorating a new home and clearing out items that were contributing to clutter can be so refreshing. Moving to a new neighborhood can also open opportunities to meet new friends and explore a different area of our incredible state.

Despite the excitement of securing your new home and all of the positives that come with it, you most likely aren’t looking forward to the move itself. In fact, according to recent research, Americans say that moving is the single most stressful life event they’ve ever experienced. Moving outranked divorce, breakups, getting married, having a child, changing

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In years past, heated flooring was a truly luxurious home feature, available in only high-end properties. In this century, though, heated floors are more affordable and reliable, and have gained popularity in every type of home. Tiny houses, apartments, single-family homes—even vans and buses—have either been designed with heated flooring or have been converted in recent years. Still, it’s not all good news when it comes to these comfort-boosting systems. Read on to learn more about some pros and cons of heated flooring.

Pros

1.) Compatible With Many Types of Flooring

Let’s first debunk the notion that heated floors can only be installed under tile or stone flooring. While these materials are excellent at conducting radiant heat, a skilled

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