Tag: homebuying basics
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Home Buying Infographic: The Mortgage Process
Read more: Home Buying Infographic: The Mortgage ProcessWhether you’re a first-time home buyer or it’s just been a few years since you last looked into home financing, this infographic is for you! It gives a very simple overview of the mortgage process from start to finish and, if you want to dive deeper, a link to get our Mortgage Quick-reference Guide. Knowing what…
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The House Hunting Experience: New vs. Resale
Read more: The House Hunting Experience: New vs. ResaleHomebuyers often think of buying new construction as a mysterious process. And as with many things, the unknown can make people nervous. But fear not! Buying a new construction home can be different than buying a resale one, but we’re here to get you up to speed on the differences—and similarities. New vs. resale: Financing…
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Online Tools to Improve Credit
Read more: Online Tools to Improve CreditAn acceptable credit score is one of the keys to getting your home loan application approved. Mortgage lenders have historically used FICO® scores—derived from data collected by one or more of the three major credit bureaus—as a major factor in determining whether you qualify for a mortgage. Different mortgage lenders can approve or deny loans based…
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Steps to Buy a Home in 2019
Read more: Steps to Buy a Home in 2019It’s an annual tradition—as one year winds down, we look toward the horizon of the next year and anticipate all the exciting developments that will dawn with it. And if you’re planning to buy a home, no doubt it’s on the short list for upcoming 2019 highlights. After all, a successful home purchase takes long-term…
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How to Save Money for a Down Payment: 7 Strategies
Read more: How to Save Money for a Down Payment: 7 StrategiesSaving for a down payment on a new home might feel daunting, but small daily changes can make a big difference when it comes to setting aside money for a large purchase. We rounded up seven strategies that make it simple to streamline your spending and save up for your dream home—and it’s a lot…
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What is an Inventory Home?
Read more: What is an Inventory Home?You might imagine the experience of buying your dream home as starting with an empty lot, picking every feature from the layout of the floor plan to the color of the drapes, and then settling in to wait while your home is built completely from scratch. It’s a time-honored process that works wonders for many,…
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Why Great Schools Matter (Even if You’re Not a Parent)
Read more: Why Great Schools Matter (Even if You’re Not a Parent)There are many factors to consider when purchasing a new home, and whether or not you have children, the quality of area schools is definitely one of them. Buying a home in a highly ranked school district might cost you more up front, but the potential benefits can be significant. The cost of good schools…
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Multi-generational Living in Vineyard, CA
Read more: Multi-generational Living in Vineyard, CAMultiple generations living under a single roof. It’s become increasingly common in recent years. In fact, over 60 million Americans reside in multi-generational households, according to a 2016 Pew Research Center analysis. Whether it’s an aging in-law in need of housing, a college student saving on room and board or a recent graduate returning to…
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Pre-House Hunting Checklist
Read more: Pre-House Hunting ChecklistYou’re excited to start your house hunt, and we don’t blame you! But before you hop into your car and head to the nearest new home community, it’s a good idea to lay the groundwork for a successful search. Contact one of our New Home Specialists at 888.500.7060 or visit RichmondAmerican.com to get started today!
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4 Reasons to Buy a New Home in 2018
Read more: 4 Reasons to Buy a New Home in 2018From your burrito to your phone case, it’s hard to imagine not having a range of choices and styles in 2018. How much more should that apply to an important purchase like your home? If you’ve been browsing Pinterest or Houzz, you may already know the type of finishes you love. The good news: There…
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Which Homebuilder is the Best?
Read more: Which Homebuilder is the Best?Just starting your new home search? Well, you may soon realize that not all homebuilders are created equal. Don’t assume every builder offers the same standard home features and options. Instead, do a little house-hunting homework. Here are some questions to keep in mind when comparing various homebuilders: How long have you been in business?…
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What Down Payment is Needed for an FHA Loan?
Read more: What Down Payment is Needed for an FHA Loan?Insured by the Federal Housing Administration (FHA), FHA loans are an attractive option for first-time and repeat homebuyers, as well as those interested in refinancing their current home loan. Many factors contribute to the popularity of FHA loans—chief among them being a lower down payment requirement (as low as just 3.5%), compared to as much…
