In the past, lenders traditionally required a down payment of at least 20% of the purchase price of a home. Today, many lenders offer loans with lower down payments. In addition, certain private and government entities have low down payment programs.
A real estate agent is a key partner on your home buying journey. In addition to finding you potential homes, they also guide you and advocate for you throughout the process. But how do you decide which one is the right fit for you and your needs? The right real estate agent for you should be familiar with your prospective neighborhood, experienced, and is someone you’ll enjoy working with.
If you don’t really know what you’re looking for in a home, how do you find the right one? Careful planning and consideration of your options can help ensure that you will be happy with the one you select.
In the past, lenders usually required a down payment of at least 20 percent of the purchase price of a home. Today, many lenders offer loans with lower down payments. In addition, certain private and government entities have low down payment programs
If you want to buy a home with your partner, you may be able to qualify for a larger mortgage than if one partner alone applied for the loan.
When it comes to buying a house, poor credit can limit your opportunities and result in higher interest rates and bigger payments. But with a little planning, you can boost your credit score ahead of your home loan pre-approval so you’ll be ready to make an offer on your dream home.
A Home Equity Loan leverages the equity you’ve built in your home to get access to funds at a lower rate than other loan types. A Home Equity Loan is a closed-end loan, meaning you get a lump sum and repay it with interest over a specified term.
Your HELOC provides more flexibility to support your goals than other loan options due to the low adjustable rate, no minimum advance requirements, no prepayment penalty, and flexible repayment terms — during the initial 10-year draw period your minimum payments are interest-only, followed by a 15-year repayment period to cover any outstanding balance.*
It’s a seller’s market out there — between historically low interest rates and low inventory, prospective home buyers are facing stiff competition. In our local market, homes are getting dozens of offers within just a few days of listing. Our partners at GreenPath Financial Wellness recently presented a webinar with insight into buying a home in this competitive market. In case you missed it, here are 5 tips for buying in a seller’s market:
“Home Title Theft” or “Deed Fraud” has received a lot of attention lately and sounds as scary as it actually is. Let’s take a look at what defines Home Title Theft and just how prevalent it really is.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Susan George, a volunteer with the Family Care Network.
We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Jennifer Jamison, a volunteer with VTC Enterprises.
SESLOC employees eliminated 690 trips, saving 3.14 tons of carbon dioxide from entering our local air, by using alternative commute methods during the third quarter of 2023. Methods including like riding a bike, taking the bus or carpooling instead of driving alone,...
October is National Cybersecurity Awareness Month, and we’re offering tips, webinars, and services to help make the internet safer and more secure.
SESLOC is celebrating Hispanic Heritage Month from September 15th to October 15th and the important contributions Hispanics and Latinos make to strengthen our community. To join in the celebration, check out some festive local celebrations planned for 2023:
