Search Results for: home buying loan

The SBA Web Site Is A Home Based Business Resource

If you are just starting to gather information about how to start a home – based business or whether a home – based business is right for you, it can be hard to know where to look for such information. Fortunately, the United States Small Business Administration has an area on its web site where you can find quite a bit of useful information about many topics related to home – based business. The Small Business Administration website has information that is useful for people who are looking to start home – based businesses as well as those who already … Continue reading →

Buying a House as a Single Parent

I’ve recently been looking at houses for my son and I. It will be a little while before we are ready to move, but I like to see what’s out there so that I can make plans early on. I have to admit I’m feeling rather discouraged. It seems Logan and I may be destined to live in an apartment for the rest of our lives. With one income the idea of us ever becoming home owners seems completely impossible. There is so much to consider when you are buying a home. Is it in a good area? Can we … Continue reading →

Should You Take A Personal Loan to Pay Off Credit Card Debt?

People take out loans for many reasons such as buying a home, buying a car, or getting an education. Personal loans are also available, and sometimes people wonder whether it is a good idea to take out a personal loan to pay off credit card debt. There are many factors that will impact whether taking such a loan is the right thing for a person to do. Exploring these factors can help you to get a sense of whether it might be the right choice for you or something you can avoid. There are other ways to pay off credit … Continue reading →

Rent or Buy: Our experience with home ownership

We bought a home mainly because we were always told that we should… not because it was right for us, but because it was expected of us. We were told that home ownership is important for stability of your family, real estate is always a good investment, and that owning a home would be cheaper than renting. I actually have a friend who used to argue these points with me so vehemently that I can’t even have the discussion with him any more. I understand that owning a home can be a really good investment. But I also understand that … Continue reading →

Three Things New Home Buyers Need to Know

It is a good time to buy a home, but that doesn’t mean that it will be easy. Buying a home can be a stressful time, even when it turns out to go smoothly. Here are three things that new home buyers need to know. Where the Professionals Are Having the right team of professional working for you can really mean the difference between getting a great deal and getting disappointment. From a real estate agent to a home inspector, always get plenty of references and use them, and research the companies and team members that you will be using. … Continue reading →

The Cons of Purchasing a Pre-Fabricated Home

Earlier, I shared some pros about purchasing a trailer home. Such a blog isn’t really complete without a companion piece to balance it out, so let’s take a look at some of the cons. 1. Getting the Loan. When you buy a home, the house itself becomes part of the collateral. But a trailer home isn’t considered real estate, so you will need to either have another source of collateral, or a nice-sized down payment when you talk to the loan officer. 2. Quality. Trailer homes were built to be as economical as possible, and if you’re purchasing one built … Continue reading →

The Pros of Purchasing a Pre-fabricated Home

I live in a trailer home, also known as a pre-fabricated home, or a mobile home, or a modular home … yes, there are fancy terms to glam it up a bit, but hey, it’s a trailer home. There are definite pros and cons to this type of purchase. This blog will discuss some of the pros, and I will follow up by discussing some of the cons in another post. 1. Cost. Homes sell for hundreds of thousands of dollars, but you can purchase a trailer home for a price tag of anywhere from $20,000 to $75,000, depending on … Continue reading →

Government Assisted Home Loans

I purchased my home as a single mother with one income. No, I didn’t have a job that could pay a normal mortgage, nor did I have a down payment. But with the help of the federal government, I am the proud owner of a three-bedroom home and almost one-acre of land. I received a loan through the Rural Development Housing program. They provided me with a 100 percent 33-year loan (meaning I didn’t need a down payment). While the loan process took longer than a normal loan probably would have, it was well worth the wait. There were also … Continue reading →

Don’t use credit cards, but still take loans?

A blog called I’ve paid for this twice already explains that anything purchased with credit cards is paid for again in interests, and maybe multiple times by the time the credit is paid off. Many of use have realized this and stopped using credit cards, but how many of us still take out loans and buy items on credit. Any kid on non-secured debt sucks extra money out of your pocket. Furniture loans, are financed by the stores and often through high risk programs that charge 10% or more interest for the honor of buying a sofa or entertainment center. … Continue reading →

What Husbands and Wive Look for When Buying a House

Now is a good time to buy, especially if you’re buying a first home. Interest rates are down and so are house prices. Before you do, look over your list of requirements. Husbands often tend to want a double garage and perhaps room for a workshop. If it’s a house that’s been built a few years, the husband will look at the condition of walls, ceilings and whether there are any water marks, guttering, drainage etc. Always go and look at the house again when it is raining. This will show up any faults or areas where the water tends … Continue reading →