Aside from good credit, a down payment is one of the top factors when applying for a mortgage. Without a down payment, you're likely to find that many lenders refuse to even speak with you, and others will be willing to give you the loan, but with much higher fees and interest rates.

What is a down payment?

A down payment is the money that you put down on a home when you buy it. This is separate from your mortgage and is cash that you come up with yourself. Most people save money over a period of months or years for a down payment, though some have taken out personal loans to get the money.

How much do you need?

The typical down payment is 20%. On a home that costs $100,000, this would be $20,000. Depending on the lender, you may be able to…

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The real estate market is dynamic and exciting in various parts of the country. Although every area is different, there are similarities throughout the country. Buying a home is one of the most important investments that a person can make. The current real estate market trends are preventing some people from buying a home.

  •         Lack of Inventory
  •         Rising Housing Prices
  •         Relaxed Lending Standards

Lack of Inventory

One of the biggest trends in the market today is a lack of available inventory. There are numerous buyers who want to purchase a home in many areas. However, there are simply not enough homes on the market. Home builders are not building enough new homes to keep up with demand from buyers.

The current lack…

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Real estate agents’ sole obligation is to their clients. They are required to do everything they can to ensure that the home buying or selling process runs smoothly. As a client, the agent will be your advocate. This is the person you will turn to when you the going becomes tough. You expose yourself to possible disappointment by failing to choose the right agent. You need someone who can represent your interests properly. Understand what an agent does is a great way to make sure that you will choose the right agent.

1. Pricing Your Home

Home pricing is by far the most important part of selling your house. A top realtor will not give you false promises in a bid to make you happy. The agent will rely on their real estate training, understanding of…

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Whether you are buying or selling a home, a real estate agent can make the process much quicker and more painless. Chances are, your time is valuable, and a good Realtor can handle a lot of the work entailed in finding and closing on a new home or unloading your current home for a good asking price. How smoothly the process goes depends on finding a good Realtor, and the following questions for any prospective agent can help you find one.

  1. How Long Have You Been a Realtor? Regardless of whether you're looking for a mechanic, plumber, heart surgeon or a Realtor, everyone is comforted to know they are dealing with an experienced professional who knows the ins and outs of their job. The best indicator of this is finding out how long they've been in…

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