How Do I Fix Up My Home?
One of the most asked questions from our clients who buy older homes is “How Do I Get The Money To Fix Up My Home?” Used to be that was easy with a home equity loan, but most folks now a days don’t have the “equity” for a home equity loan…so..what are the alternatives? If you live in places like Tooele County, Morgan County, the unincorporated area of Salt Lake County(Kearns, Copperton, Magna, Millcreek, White City), and South Salt Lake, the CDC (Community Development Corporation) has low cost loans available for rehabilitation and critical repairs to...
Read MoreHow To Buy A House And Get The Money To Fix It Up!
You are First Time Homebuyers and you have Found THE HOME. You have watched DIY and HGTV and you know you can do everything those couples do on the home improvement show, but beyond the down payment, you have very little money to replace the cabinets in the kitchen, tile the bathroom and maybe add a family room in the basement. What’re ya gonna do? Cheer up little buckaroo, as sure as the sun shines, or in Utah the rain comes as of late, you can accomplish all those magical repairs, rehab your home and live the life of Riley (now that Really dates me doesn’t it). How can you...
Read MoreDouble Double Toil & Trouble-Buying & Selling At The Same Time
Buying or selling a home can be stressful individually, but to do both at the same time can be…well, not to put too fine a point on it….Overwhelming. And the reality is…sometimes you gotta do just that! Now the obvious sales pitch here is “Use a Realtor”, but the fact is, there is more to it than that. So here are some suggestions. 1. Get yourself a notebook someplace to keep all the information you need to coordinate the move from old to new. Record important dates like when you have to be relocated (and this applies to moving across town And moving to...
Read MoreWill Interest Rates Or Home Prices Make A Difference?
Buying a Home In Salt Lake City, Ut Will Interest Rates Or Home Prices Make A Difference? One of our clients, a first time homebuyer, asked us the other day whether they should wait for home prices to drop more before buying a home. They were also concerned about interest rates rising and rightly so. Our answer to them was twofold (don’t you just love literary elegance?) and we thought we would pass this on to you as well. Interest rates are indeed on the rise. They are higher today than the 4.785 that we have been seeing for the last several months in Salt Lake. Now this means not...
Read MoreUtah Rural Housing Loans
Utah Rural Housing Loans are one of the most affordable loans available. Ha, you say, all loans are affordable right now, and if you are saying that you would be correct. Most mortgage loans are available for less than 5% interest rates, But….and this is a big BUT for most folks these days, this is one of the only loans available with 100% financing…that’s right, 100% financing. Happy Dance Here! Other Benefits Of Utah Rural Housing Loans No Mortgage Insurance- unlike FHA or any loan that you don’t have 20% down with, there is no mortgage insurance on this loan No...
Read MoreHow Much Money do I need to buy a home?
How Much Money Do I Need To Buy A Home? One of the first questions first time homebuyers always ask is how much money does it take to buy a home? Short answer: $1,000,000….just kidding, that should get the old heart beating. homes for 1st time homebuyers in Salt Lake City, UT First of all, and I know you know this, but just in case….you don’t buy a house with cash, well, most of us don’t. Those of you living in the real world will have a mortgage on your first home, so the bank is in partnership with you. The mortgage issued by the bank on your home will take care of the majority...
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