First Time Home Buyer

How To Review School Districts When Buying Your Home

How To Review School Distrcts When buying Your Home

Schools in your area - Paramount Equity®If you have children that are of school age or that are going to be of school age, it is incredibly important to make sure that you are reviewing school district before you buy your next home. Too many people make the mistake of ignoring the schools and focusing solely on the home. Then it is too late when they discover that the school district is anything but desirable.

Now, if you do not currently have children, but think that you may in the future, you may still want to look into the school districts. (more…)

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3 Must Do’s for First Time Homebuyers

3 Must Do’s for First Time Homebuyers - Paramount Equity®

First time home buyer-Paramount Equity®Buying your first home is serious business. It takes planning, years of savings and a suitable mortgage that fits your income. But, without experience, you can make simple mistakes when choosing your first property.

Follow these 3 must do’s for first time homebuyers to get the right home for you.

Must Do #1: Save More Than You Need

When buying your first property it’s important to determine what the actual cost will be so you can adequately save and budget in advance. Get pre-approved for a mortgage loan from your bank to ensure you can handle payments, interest and taxes on the property. (more…)

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How Much Home Can You Afford?

Paramount Equity® - affording your home

Affording Homes- Paramount Equity®It is common for those who are interested in buying a new home to look for the nicest, largest home they can afford. Nobody wants to buy a home that is too expensive or burdensome on their finances. However, you may have no plans to move in the next few years, and you want to ensure that your home provides you and your family with plenty of space, amenities, and décor to make your time there enjoyable. You can answer the question of how much home can you afford by reviewing a few key factors.

Your Down Payment

It is wise to talk to a mortgage company fairly soon in your quest to buy a home. The days of putting zero percent down on a home are largely gone, and many mortgage lenders will require you to put down a  decent amount of money when buying a home:10 to 20 percent down is a common (more…)

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Affording your first home

Paramount Equity® - first home

Affording your first home- Paramount Equity®When you are interested in buying your first home, one of the biggest challenges that you will have to overcome is generating enough money to make a down payment. If you want to be able to come up with enough money for the down payment, don’t just cut out some of your expenses. Instead, boost your income and get the down payment faster. Here are some of the best ideas for bringing in more income for a down payment.

Work Two Jobs

Affording your first home by bringing in more income is one of the best ways to shorten the amount of time it takes to get money for a down payment. If you currently have a job, consider working a second job in your spare time to bring in more money. If you save for a down payment with an extra job, you will also be more likely (more…)

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Five Things Homeowners Wish They Knew Before They Bought Their Home

Stress concept - angry frustrated man with exploding head

things homowners need to know- Paramount Equity®If you’ve never purchased a home before, there are several things that you may not yet understand about the process. A lot of these lessons are only learned after you buy the home and move into it. Here are five things to know before you buy your first home.

Repairs and Maintenance Never Stop

One of the things that takes many homeowners by surprise is how much work is involved in owning a home. The repairs and maintenance seem to never stop. When you are an owner of the house, you have to take everything from painting to plumbing.
As a renter, you may not have had to deal with these issues. Once you become the owner, the responsibility falls squarely on your shoulders.

Choose Your Neighbors Carefully

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House Hunting Tips – The Basics

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House Hunting Tips- Paramount Equity®The decision whether to rent or buy a house is a big one and should not be taken lightly in any circumstance. When you do decide to take the plunge, put some useful house hunting tips into action so you find exactly what you’re looking for with the least amount of hassle.

Location is one of the key factors that goes into determining where and what house you select. Take a look at the places of employment, schools and entertainment venues that are local. Don’t select a house that has a longer commute than you are willing to make every day.

Take a look through the neighborhood where you’re contemplating moving. Look in peoples’ yards for signs that say “for sale” and, if you have interest in any of them, call the realtor to get more information about the home. (more…)

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First Time Home Buyer Tips

paramount equity first time home buyer

First time Home buyer - Paramount Equity®Buying a home is one of the biggest and most important investments in a person’s life. That first-time home buying experience can seem a little overwhelming at first, but there is plenty of tried-and-true advice for first time home buyers out there.

Below are five first time homebuyer tips that anyone can implement today.

1. Have a substantial down payment ready.

In order to avoid having to buy extra insurance which will increase your monthly mortgage payment, you should have at least 20% of the total price of the house to put down up front. This will also give you much more leeway with the lending institution that you choose. (more…)

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How Much Money do I Need to Have to Buy a House?

Stacks of One Hundred Dollar Bills with Small House.

Stacks of One Hundred Dollar Bills with Small House.Finding your dream home is exciting. This is the place where you will come at the end of every day. This may be the place where you build a family, a career and a life together with that someone special. Before you jump into purchasing your dream home, be sure that you have all your finances in order. Knowing how much you need to buy a house will prevent your dream home from turning into a nightmare.

How Much Money Do I Need to Have to Buy a House

When we think about buying a house, the first thing people think about is the cost. What is the home listed at? This is the bulk of the money that you will often need to have financed. This number is not set in stone and can fluctuate in the negotiation process. This is also just a surface number.

The Hidden Costs of Buying a Home                                                              (more…)

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