Susan Fung's Blog
Getting a mortgage is one of those things that everyone seems to have quite a bit of advice about. While people surely have good intentions, it’s not always best to take the buying advice of everyone you meet. Below, you’ll find the wrong kind of mortgage advice and why you should think twice about it.
Pre-Approvals Are Pointless
Getting pre-approved for a mortgage can give you an upper hand when it comes to putting in offers on a home. Even though a pre-approval isn’t a guarantee, it’s a good step. It shows that you’re a serious buyer and locks you in with a lender so they can process your paperwork a bit more quickly when you do want to put an offer in on a home.
Use Your Own Bank
While your own bank may be a good place to start when it comes to buying a home, you don’t need to get your mortgage from the place where you already have an account. You need to compare rates at different banks to make sure you’re getting the best possible deal on a mortgage. You’ll also want to check on the mortgage requirements for each bank. Different banks have different standards based on down payment, credit scores and more. You’ll want to get your mortgage from the bank that’s right for you and your own situation.
The Lowest Interest Rate Is Best
While this could be true, it’s not set in stone. A bank with a slightly higher interest rate could offer you some benefits that you otherwise might not have. If you have a lower credit score, or less downpayment money, a bank offering a higher interest rate could be a better option for you. Low interest rates can have some fine print that might end up costing you a lot more in the long term. Do your research before you sign on with any kind of bank for your mortgage.
Borrow The Maximum
Just because you’re approved for a certain amount of mortgage doesn’t mean that you need to max out your budget. It’s always best to have a bit of a financial cushion for yourself to keep your budget from being extremely tight. When life throws you a curveball like unexpected medical bills or a job loss, you’ll be glad that you didn’t strain your budget to the end of your means. Even though the bigger, nicer house always looks more attractive, you’re better off financially if you’re sensible about the amount of money you borrow to buy a home.
105 Bellavista, Bourne, MA 02559
105 Bellavista Drive , Bourne, MA 02559
If you find lots of great homes are available and cannot decide which residence to buy, there is no need to stress. Rather than submit multiple offers to purchase various houses, you should hone your home search. By doing so, you can discover the right residence, at the right price.
Now, let's take a look at three tips to help you narrow your home search.
1. Define Your Dream Home
Think about the features you want in your dream home. Then, you can make a list of "must-have" home features and search for residences that offer these features.
Furthermore, consider where you want to reside. If you prefer big city living, for example, you may want to focus exclusively on city houses. On the other hand, if you want to reside in a small town, you can search for residences in myriad small towns.
2. Conduct a Preliminary Housing Market Review
Let's face it – searching for a home can be overwhelming, regardless of whether you are a first-time or experienced homebuyer. But if you perform a preliminary housing market review, you can get a good idea about the volume and quality of available residences. Next, you can use this real estate market information to map out your homebuying journey.
Of course, it may be beneficial to attend open house events as well. These events enable you to get an up-close look at assorted residences. They also can help you understand the features you want in your dream house so you can further refine your home search.
3. Consult with a Real Estate Agent
When it comes to navigating the housing market, it helps to have a real estate expert at your side. Thankfully, real estate agents are available in cities and towns nationwide, and these housing market experts are happy to help you acquire a superb residence at an affordable price.
A real estate agent understands what it takes to help you find a quality home that won't force you to break your budget. First, he or she will learn about your homebuying goals and teach you about the real estate market. A real estate agent next will help you analyze the real estate market and explore a broad range of houses. And once you find a house you want to buy, a real estate agent will help you craft a competitive offer to purchase this residence.
Let's not forget about the guidance a real estate agent provides throughout the homebuying journey, either. Purchasing a house is no small feat, and a real estate agent will take the guesswork out of the homebuying cycle. Best of all, a real estate agent can respond to your homebuying concerns and questions at any time.
If you want to discover a home that matches your expectations, it helps to plan ahead for the property buying journey. By taking advantage of the aforementioned tips, you can streamline your house search and find your ideal home faster than ever before.
A smart home device may prove to be a great pick-up, regardless of the size or location of your house. Yet finding an affordable smart house gadget sometimes can be difficult. Fortunately, there are lots of things you can do to acquire economical smart home devices, such as:
1. Conduct an In-Depth Search for Budget-Friendly Smart Home Devices
A diligent shopper will have no trouble finding smart home devices that fall in line with their finances. In fact, they may be better equipped than other shoppers to quickly acquire high-quality, and cost-effective, smart house gadgets.
Of course, it often helps to check out smart home devices multiple manufacturers. This will allow you to weigh the pros and cons of different smart home gadgets. Plus, you can boost the likelihood of finding a smart home device that delivers a great combination of affordability and dependability.
2. Search for Smart Home Devices at Online and Brick-and-Mortar Retailers
Online retailers like Amazon sell a broad array of smart home gadgets – everything from smart light bulbs to smart robot vacuums. If you search for smart house devices online, you may find terrific gadgets at low prices.
Furthermore, brick-and-mortar retailers are available in cities and towns nationwide. These retailers hire friendly, knowledgeable sales representatives who can teach you everything you need to know about different smart home gadgets. Such as getting the assistance you need to find the right smart home device based on your budgetary and personal needs.
3. Keep an Eye Out for Deals
As new smart home device models become available, previous models may be offered at discounted rates. Thus, if you watch out for new smart home device releases, you may find the prices of past models will be lowered accordingly.
In addition, smart home device prices may be reduced in conjunction with various holiday promotions. If a retailer wants to boost its Christmas sales, for example, it may offer discounts on a wide range of smart house gadgets.
4. Purchase a Pre-Owned Smart Home Device
A pre-owned smart home device may work just as well as a brand-new model. At the same time, a pre-owned smart house gadget may be available at a fraction of the cost of a new model.
If you shop for pre-owned smart home devices, proceed with caution. Whenever possible, you should test a pre-owned smart home device before you buy it. Conversely, if you purchase a pre-owned smart house gadget from an online retailer, ensure that you can return the device if it does not work properly upon arrival.
Clearly, there are many things that you can do to purchase smart house devices without exceeding your budget. As you check out the smart home devices at your disposal, use the aforementioned tips. By doing so, you can find and buy affordable smart home devices that may serve you well for an extended period of time.