Chandal Jackson Real Estate @legacy_pivot

Down payments are upfront cash payments that are a percentage of a total cost for the house in question.

A conventional loan is exactly what it sounds like — the classic approach to obtaining a housing loan.

Your accounts and credit will be under review, so you do not want to do anything that raises a red flag.

The inspection is scheduled within a week of the contract being signed. It’s recommended that you attend the inspection, as it’s a good way to get a better understanding of the inner workings of the home.

The right home will come along eventually, and when it does, you’ll be ready. Make sure you don’t regret anything when you buy a house.

Be sure to obtain pre-approval instead of just pre-qualification, which is simply a preliminary letter from your bank without the official credit check, etc.

Most purchase agreements allow for a final walk-through of the property to ensure that the house is still in good condition

If you close on the home, the earnest money simply becomes part of your down payment.

As your agent our job is to advocate for you and save you money during the complicated process of buying a home. And the best part? That’s right — The seller covers the buyer agent’s commission. So there’s really no good reason not to hire an agent

Real estate agents also provide valuable market expertise and can help you find great deals on homes as soon as (or before) they’re listed.

An MLS is created, maintained and paid for by real estate professionals, and it can really help first-time home buyers like you to view the largest pool of properties for sale in the marketplace.

“When someone tells me ‘no,’ it doesn’t mean I can’t do it, it simply means I can’t do it with them.” —Karen E. Quinones Miller

If you can handle extra house costs without extra credit card debt, you can afford to buy a home—as long as you have saved up enough money for your down payment.

Real estate agents are individuals who are licensed to help people buy, sell, and rent real estate. They are ultimately responsible for bringing buyers and sellers together and are paid a commission usually a percentage of the property's sale price.

For an even stronger preapproval, go with a lender that underwrites you upfront.

A preapproval gives you a much better idea of what you can actually afford.

With adjustable-rate interest, your rate starts off lower for an initial introductory period, and then it adjusts over time to meet the market.

VA loans have advantageous features for qualifying military service members and their spouses.

Conventional loans also have stricter qualifications for buyers than most government-backed loan programs.

Buyers who get five rate quotes save an average of $3,000 — or 0.17% on their interest rate.