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5 Ways to Help First-Time Homebuyers

McKissock

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Honesty Counts. Answer Questions.

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10 Simple Steps to Purchase a Home in 2020

PennyMac

Your FICO score will impact which types of loans you qualify for, so getting your credit into great shape is an investment that can offer great returns. By law, you’re entitled to one free credit check per year , per reporting agency, so obtaining your current score should be the first step in the home buying process.

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What’s Included in Closing Costs?

PennyMac

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. State laws will usually dictate who is legally responsible for overseeing the closing. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection.

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

This can lead to an increase in commute time and/or more money you'll need to shell out for public transportation. Keep in mind that any big changes to existing structures can often be prohibited by zoning laws. Some homes pass inspection with flying colors, and the loan goes through immediately. Uncertainty.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

"It’s also important to understand the legal requirements of owning real estate—lead paint inspections, rental registration, accounting, receipts for payments, written leases, liability insurance, renter’s insurance, tenant screening including criminal and credit checks, fair housing laws, and much much more. Ernie Rafailides.