Home Buying Selectivity Helps You Make The Right Choice
Brokers like to say there is a house for every home buyer, especially if you'e just lost one. But what if you see three homes you like equally well?
Fixing Up A Tear Down
More often, home buyers with money to spend want a brand new house in an old, established community. Instead of fixing up and even expanding existing homes, the bulldozer is brought in to start from scratch.
Know How Long You Plan To Stay Before You Choose Your Loan
A long-term, fixed-rate mortgage loan might be a good idea if you plan to stay in your home for an extended period of time, say, more than 7 to 10 years. But if you're only going to stay in your home for 5 or 7 years, or even 10 years, it doesn't necessarily make sense to lock in on a long-term mortgage loan, experts say. There are other mortgage loan options out there that will save you money and for the short term are every bit as stable as a fixed-rate.