Often times one of the items on a home buyers "want" list is a swimming pool, and unfortunately it's often one of the first items removed from the list when the right house doesn't have one.
If you fall into this category then it is likely you've considered having your own backyard oasis installed. The cost of adding a pool start in the mid $20,000's and can certainly go up from there, depending of course how many back yard amenities you want to go with it.
If you've done some research you've likely found it's not only the cost of the pool, but also the interest rates that pool companies are charging these days. With rates in the mid "teens" it's another hard blow to the dream of having a pool.
There is a misconception among would-be Home buyers that you must have $10,000 to $20,000 to purchase a home, this is absolutely NOT true. The purpose of this post is to help you understand that there are Loan programs available that reduce the amount needed for down payment and often times closing costs too.
I am going to teach you the truth about down payments, whether you're a First Time home buyer or buying your second home, Down Payments are there, but they don't have to break the bank, Here's why ...
We're constantly hearing about credit scores, where to get a free credit report and there're are plenty of people out there that want our money to "fix" our score. The truth is that most of the time you can increase your credit score all by yourself, you just don't know what affects the score and you haven't been taught how to increase it.
I'm going to show you what I have learned, why it works and how it has helped many people get their FICO score increased so that they were able to get lending on a home. You can put these things strategies to work right now and you may be able to increase your credit score in as little as 45-90 days.
The thought of applying for a home loan intimidates a lot of people and I believe the reason is car salesmen. You've likely experienced buying a car and the experience was anything but great, there's the 4 square piece of paper meant to "help" you by examining payment Vs cost, then the numbers start to change ... it's usually a dreaded experience.
When it comes to applying for a home loan it honestly is nothing like being at a car dealership, if you're doing it right. By doing it right I mean you're using a Professional, someone that understands finance, knows the market and the programs available. This Loan Professional will help you get Pre-Qualified so you know how much you can spend.
Most people ask about loan rates, rarely do they inquire about Loan FEE's.
Borrowers have been trained through marketing to watch loan rates, and Lenders know this. Rates are everywhere so naturally you're led to believe they're important, and they are. However don't let a lender low ball the rate just to get you in their office, chances are the rate will change later, here's why ...