If you are looking to buy a new home, you undoubtedly know that there are a multitude of options out there. Some people want to get started with a fixer-upper, others want a home that is move-in ready. If you happen to be a home buyer looking to move into a brand-new home, you will find that new construction will carry a higher cost than most of your other options. But like with everything else, if you arm yourself with the right questions to ask and know what to look for, you just might succeed in finding the right new construction home for the right price.
There is a common misconception that those who receive Social Security Disability Insurance (SSDI) do not qualify for home ownership. Fortunately for them, this notion is just not true. While there might be more steps involved and more paperwork to complete, those on SSDI often have the same chances at becoming a homeowner as anyone else. Below we will highlight what people on SSDI need to be aware of and what is available to them.
The spring real estate market is generally a busy time for buyers, sellers, real estate agents and lenders. So as not to get lost in the shuffle and miss out on your dream home, prepare for the frenzy and know what to expect… and when to expect it. Preparing yourself ahead of time might make a big difference in whether or not you are able to be the first to make an offer on your dream home, or if you find that someone else has beat you to it.
When applying for a mortgage, your mortgage lender will require you to submit many forms and fill out various (never-ending) paperwork. Once of the financial documents you will be required to submit is your bank statement. As you will find below, your bank statement is just as important as your pay stubs and your tax returns when trying to get approved for a mortgage.