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.
Home equity is something that most, if not all, home owners have heard of, but it is important to fully understand what it is, how to take advantage of your home equity, and what you can use your home equity for.
Moving is probably one of the most dreaded life events that you are faced with. Whether your moving down the street or across the country, there are always things you need to be aware of and plan for, and the more prepared you are, the smoother the move will be.
When a person or a couple make the decision to become a homeowner, they determine the amount of money they are willing to pay for a new home. Unfortunately, not everyone considers all of the hidden and unexpected costs that go along with not just the actual purchase, but also the expenses that go with actually owning a home. This is where some new home buyers get in over their heads and become house poor before they’ve even moved it. Take the time to consider the costs and expenses we outline below before you determine how much your willing to pay for your new home.