Spring has sprung, and so has a new fiscally reasonable you. Start the new season on the right foot by establishing a monthly budget for yourself. If you are thinking to yourself, “I don’t need a budget. I’m fine how I am,” then either you probably aren’t thinking about saving or are very, very wealthy, in which case you could still benefit from budgeting. Having a monthly budget can help everyone. Whether you want to start investing so you can earn a passive income, establish a retirement plan, save for a once-in-a-lifetime trip, or save for a down payment to buy a home, all of these goals and more take planning to achieve; otherwise, they may never happen. These five steps will help you establish a monthly budget for the rest of 2021 and also teach you how to stick with it.
On December 2, 2020, the U.S. Department for Housing and Urban Development (HUD) announced its new 2021 limits for single-family homes. This is a significant announcement if you are considering applying for a Federal Housing Administration (FHA) loan in 2021. An FHA loan is a home mortgage that is federally insured if the borrower defaults on payments to the loan. FHA loans are a desirable option for first-time homebuyers since the down payment minimum is extremely low at 3.5% when compared to a conventional loan that commonly requires a down payment of at least 20% to avoid private mortgage insurance (PMI).
As we start to approach the spring months, many people will be looking at freshening up the home they currently live in. Spring cleaning is a big trend that is a pretty good one; however, there are a lot of worse ways to offload your “trash” so that it can be usable for someone else, and you can always find better options. According to The Atlantic, Americans recycle or donate 15% of their clothing, and the rest, at about 10.5 million tons per year, goes to the dumpster. Here we will illustrate some dos and don’ts of spring cleaning this year with sustainability in mind.
To learn more about VA loans and the impact of LendUS’s participation in Lifetime’s show Military Makeover, we spoke with Gilbert, AZ Branch’s Area Sales Manager, Jared Paul. As a Loan Officer, Paul has been working to help homebuyer consumers, especially those who have served like himself, get the right mortgage loan program they can qualify for. Paul was on active duty in the U.S. Marine Corps from 1992 to 1996 and was on inactive status from 1996 to 2000. He has been working in the mortgage industry since then for 21 years now and counting.
Buying a home is a huge economic choice to make in your life. Sometimes it might not be the right choice right now, and renting might be a better option. There are many factors to consider when thinking about buying a home, such as debt, income, needs, and goals. In this article, we will go through each of these factors to determine if it is the right time for you to switch between rent to buy and buy to rent.
Got the winter blues? Stuck in a funk and don’t want to spend any money? We completely understand and want to help you get out of this rut without hurting your bank account. No need to buy yourself anything to try and bring a smile to your face. Here are 15 ways you can take care of yourself for free.
When buying a house, many people might simply think it is just as simple as that. However, there are many ways homes can differ depending on how you’re going to use them. Whether you want this place to be your primary residence, a house you rent out to make passive income, or a home you venture to when you just want a change of scenery, all these factors can change what kind of mortgage you can get. This article will illustrate the differences between a second home, an investment property, and a vacation home.
Becoming a homeowner is probably one of the biggest life goals everyone wants to achieve. Not only does owning a home give you a sense of freedom and autonomy, but it can also help increase your wealth. However, raising funds to achieve this dream can feel as challenging as climbing Mount Everest. This article will give you the tools to help make saving for a down payment a reality.
Down payment is one of the upfront payments we need to settle when taking out a mortgage to buy a home. Deciding how much to put on a down payment as a first-time homebuyer is important as it affects your finances when you buy a home and all throughout the life of your loan.
Whether you are looking to move to a new city or a different neighborhood, a real estate agent can be a huge asset in helping you get the home of your dreams. Their expertise, experience, and knowledge will benefit you when looking to start the next chapter of your life. If you’re still not convinced, we have a guide that will show you all the reasons why a real estate agent is a way to go when buying a new home.