Google+ RSS

All Blog Entries by Jennifer Dollar

Found 65 blog entries published by Jennifer Dollar.

For those people who are tired of renting a home and just want to buy, but don't have a down payment, the options often seem limited. Saving that big 20 percent or more seems impossible initially. There's little doubt that having a down payment is a good thing and it can help you to achieve a lower interest rate. However, it is not always necessary. Consider these helpful tips about down payments.

A good place to start is with the conventional loan. Each lender sets his or her terms for these loans, giving you some leeway. That is, some lenders require no more than 10 percent. Nevertheless, you may be able to piggyback two loans, one for the 10 percent and another for the remaining balance on the home. Before you make this decision, be sure to talk to

436 Views, 0 Comments

You may be ready to buy a home. You know that you need a low interest rate on the home loan. You know you need a down payment. You even know what to expect when it comes to the monthly payment. But have you taken the time to consider what amortization is? Mortgage loan amortization is simply a term that discusses how much of the loan you are going to pay in principal (the amount you actually borrowed) compared to interest ( the fee for doing that borrowing.) It is important to understand what this means before you buy a home.

Your Monthly Payment

When you work with your mortgage lender, he or she will likely talk to you closely about your monthly payment. He or she will break down the amount you'll pay each month. However, you'll also want to see how

336 Views, 0 Comments

A short sale is a type of property that is, potentially, being sold for less than what the current homeowner owes on it. A verified short sale is one that the lender has already agreed to. That means that the lender has agreed to allow the homeowners to sell the home for less than what is owed, and allow them out of the financial constraints of the mortgage loan. Short sales may be necessary for many reasons, such as the seller's risk of foreclosure or need to move quickly. Yet, for mortgage lenders, that means a cut in profits. This makes buying a short sale sometimes a difficult process. There are some tips that can make the process easier on you, the home buyer.

#1: Are You an Investor? Get Educated First

If you plan to buy short sales for their

430 Views, 0 Comments

Buying a foreclosure is an opportunity for you to purchase a home that's potentially listed for a lower level than other homes like it. In a foreclosure, the lender has taken legal action to force the sale or to take ownership of the home because the previous owners failed to meet their financial requirements. In some cases, taxing authorities take this step. For those people who are looking to buy a home, though, these properties can be a good investment, if you know what to buy and what not to.

#1: Realize That Not All Foreclosures Are Good Deals

Banks still want to make money. They may sell the home for what is owed on it, but others will sell it for its true market value. Finding a great deal is harder now than it used to be. Hire a specialized

467 Views, 0 Comments

As you consider purchasing a home, there are many elements to think about. You'll need to negotiate the contract, obtain the right loan, and handle the closing process. You are thinking about money the whole time. The problem though is that you may not have factored in taxes. Real estate taxes are a part of both the home buying process and, in some areas, down the road as well. It is ultimately up to you to ensure you pay your taxes promptly and that you plan for them now, before you buy that home. What should you know about taxes?

Paying Your Taxes

In real estate, many people pay real estate taxes. That is, these are annual or every six month payments to the county government. The funds from these taxes are often used to fund schools, county road

655 Views, 0 Comments

Your credit score is one of the most important numbers you'll need to consider when buying a home. It is one of the key factors lenders look at when deciding whether or not to lend to you. Don't get hung up on the very specific number, but do spend the time working to improve this number as much as possible. Even just a few ticks upward can help you to see a better interest rate and loan availability than you would have had. The following tips can help you to make that possible.

 

  • Get a copy of your credit report. Check it over. Ensure it is accurate and remove any outdated negative information. Never close an old credit account, though, as this can negatively impact your score.
  • Pay down your debt. Don't add to those credit cards right now. Pay
681 Views, 0 Comments

As you get ready to close on your home purchase, one of the steps you'll take is a long walk with your home inspector. The home inspection is an important step because it allows you to learn all that you can about the property you plan to purchase. If you find a problem at this point, you can decide to back out of the contract to buy your home or you can work with the seller to get the problem fixed. The most important part of this process is knowing as much as you can about the property. Here are a few tips for the process.

#1: You Need to Go Up There

Whether it is the attic or the roof, climb up with the home inspector. You'll learn about key problems with your home's systems and, even more importantly, you'll likely learn how to make repairs on any

1,140 Views, 0 Comments


When it comes to buying a home, one of the most important steps you can take is to reduce your debt. Debt from credit cards, student loans, and other debts can lead to significant concerns for lenders who you may be applying for a loan through. In short, lenders want to know that you can make all of the required debt repayments for your mortgage. If you have a great deal of debt already, you may struggle to make your monthly payments, putting the lender in a worrisome position. However, paying off all of your debt may not be a good thing.

Pay Down Debt

It is a good idea for most consumers to work to pay down their debts. That is, you should be avoiding adding to any debt that you have. By paying down this debt balance, you will be creating more gaps

1,199 Views, 0 Comments

When it comes to putting your home on the market or bidding on one that's already there, many factors play a role in the decision of value. In short, the value of any home is what the buyer is willing to pay for it. Yet, figuring out what that number is can be difficult. That is why you will likely have an agent run a competitive analysis on the home, especially if you are listing your home or buying in a competitive market place. In short, it provides you with a better understanding of the home's value.

How Is It Calculated?

The value of a home is ultimately decided by an appraiser. An appraisal is different from a competitive analysis, but the process is partly the same. In short, this process takes a close look at the value of homes that have

1,222 Views, 0 Comments

It is an alluring thought. Purchasing a home for next to nothing, especially compared to other home prices for the same size and type of home, and work on fixing it up. Not only are you going to get a lower purchase price, but you can make the home look the way you want it to. It sounds like a great plan but for the first-time home buyer, fixer uppers can be worrisome. It is always best to work closely with your real estate agent and other trusted experts before you make this decision. Consider some of the factors that may be risks to consider.

The Risk of the Unknown

The biggest reason many experts stay away from the fixer upper even when they are seasoned investors is that there is the risk of the unknown. A home that is in bad shape, such as

1,276 Views, 0 Comments

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS.

Listing information last updated on October 17th, 2018 at 8:45pm EDT.