Tag: Buyers

What is Private Mortgage Insurance (PMI)?

Private Mortgage Insurance, more commonly referred to as PMI, allows home buyers to obtain a mortgage with a lower down payment (typically less than 20% of the sales price). With PMI in place, lenders are insured against the risk of default on the loan. PMI charges are fairly minimal, running...

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To Rent Or To Buy? That Is The Question.

Many first time home buyers — and even some folks who have owned in the past and are currently renting — are just unsure about whether or not they should purchase a home. It is important to weigh your options before purchasing because it is likely the largest purchase you...

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How Much Money Do You Need To Purchase A House?

When first time home buyers begin thinking about purchasing a home, their first thought is usually, “Can I afford it?” or “Do I have enough money?” These are valid questions, and do need to be answered before you begin your home search. The first step in the process of purchasing...

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How To Claim Your Home Buyer Tax Credit

Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. For a full set...

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