Obtaining a home loan is a must for most homebuyers. However, there is a lot to think about to ensure a homebuyer can secure a loan that matches or exceeds his or her expectations.

Some of the key questions to consider about a home loan include:

1. What is a home loan’s interest rate?

It is paramount to understand a home loan’s interest rate, along with any associated loan fees. That way, a homebuyer will know exactly how much he or she will be paying over the life of a home loan.

If a homebuyer chooses a fixed-rate mortgage, he or she can lock in an interest rate for the duration of a home loan. This means a homebuyer will pay the same amount each month. And in many instances, a fixed-rate mortgage can be paid off early without penalty.

On the other hand, a homebuyer may prefer an adjustable-rate mortgage. With this type of mortgage, a homebuyer may receive a lower interest rate initially that rises after a set period of time.

Compare and contrast the different home loan options and their associated interest rates. By doing so, a homebuyer can make an informed home loan decision, one that serves him or her well both now and in the future.

2. Does a home loan require a minimum down payment?

Ask a lender about whether there is a minimum down payment required as part of a home loan agreement. Typically, a homebuyer will need to pay at least a small portion of a home’s price to secure a home loan, and it certainly helps to have this information available before you start evaluating available residences.

In addition, it may be worthwhile to save as much money as possible prior to starting a home search. With money at your disposal, you may be better equipped than ever before to make a large down payment, thereby reducing the amount that you’ll need for a home loan. Plus, you may even be able to boost your chances of getting a favorable home loan interest rate.

3. Will I need to provide legal documents to obtain a home loan?

Lenders will require you to provide proof of your income and assets, W-2 statements and other legal documents to finalize a home loan agreement. If you stay organized and have these documents readily available, you should have no trouble providing them to a lender as needed.

Overall, the home loan application process may vary from several weeks to many months. The time it takes to secure a home loan can be stressful, and if you need extra help along the way, it never hurts to reach out to a real estate agent.

With a real estate agent at your side, you can streamline the process of buying your dream home. This housing market professional can offer expert tips throughout the homebuying journey and ensure you can discover a great house at an affordable price.

Take the guesswork out of securing a home loan – consider the aforementioned questions, and you can move one step closer to getting the financing you need to obtain your ideal residence.

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As a homebuyer, it is important to set high expectations. At the same time, a homebuyer must act reasonably, or he or she risks missing out on a golden opportunity to acquire the perfect residence.

Ultimately, becoming a reasonable homebuyer can be quick and easy – here are three tips to help you do just that.

1. Establish Realistic Expectations for the Homebuying Journey

The homebuying journey sometimes can take weeks or months to complete, and a homebuyer should plan accordingly. By doing so, a homebuyer can prepare for any potential homebuying pitfalls.

For example, a homebuyer may submit an offer on a home and receive a “Yes” from a home seller. But if a home inspector discovers myriad problems with a residence, a homebuyer may need to walk away from the house and restart the homebuying journey.

In the aforementioned scenario, a homebuyer may become frustrated and annoyed, and for good reason. Conversely, if a homebuyer understands the challenges associated with buying a house, he or she can plan for the best- and worst-case scenarios.

2. Search for Homes That Fall Within Your Price Range

Have you established a budget for your home search? If not, you may wind up focusing on houses that you won’t be able to afford.

Get pre-approved for a home loan – you’ll be glad you did. With a home loan in hand, you can enter the real estate market with a homebuying budget. Then, you’ll be able to narrow your home search to houses that fall within your price range, thereby speeding up your search for the ideal residence.

It won’t take long to get pre-approved for a home loan, either. In fact, if you meet with local banks and credit unions, you can instantly learn about a variety of home loan options.

3. Collaborate with a Real Estate Agent

Although you know that you want to buy a house, you have no idea what to expect during the homebuying journey. Fortunately, if you hire a real estate agent, you can learn what it takes to stay calm, cool and collected as you search for a house.

A real estate agent is a housing market expert who takes pride in his or her work. As such, a real estate agent will be available to respond to your homebuying concerns and questions, ensuring that you can make an informed home purchase.

Perhaps best of all, a real estate agent will go above and beyond the call of duty to eliminate homebuying hurdles.

For instance, a real estate agent is happy to negotiate with a seller’s agent on your behalf, guaranteeing that you can avoid the stress of negotiating a home price. Or, if you need help finding a qualified home inspector, real estate attorney or other local professionals, your real estate agent can provide honest, unbiased recommendations.

Be reasonable as you kick off your search for your dream residence. That way, you can seamlessly navigate the homebuying journey and improve your chances of acquiring a house that matches or exceeds your expectations.

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If you plan to sell your house, there may be certain items that you want to bring to your new residence. However, various items may prove to be too big, too heavy or too expensive to transport to your new address. But if you leave these items behind, you may be able to make your house more attractive to dozens of potential buyers.

Ultimately, there are many high-quality items that home sellers may choose to leave behind for buyers, such as:

1. Refrigerator

Although your refrigerator has served you well for many years, transporting this kitchen appliance to your new house could prove to be difficult. Fortunately, a buyer may appreciate the fact that you’re willing to provide him or her with a top-notch refrigerator as part of a home sale.

For a home seller who intends to leave his or her refrigerator behind, it is important to take some time to clean the appliance. That way, a homebuyer will be able to use the refrigerator as soon as he or she finalizes a home acquisition.

Also, scrub down the refrigerator’s shelves, wipe down the appliance’s exterior and remove any foods and beverages from the refrigerator prior to moving day.

2. Washer and Dryer

A washer and dryer may cost a homeowner hundreds or thousands of dollars to purchase and install. Luckily, a home seller who includes a washer and dryer in a home sale can make it easy for a buyer to avoid the hassle of finding, buying and installing these appliances.

Ensure that your washer and dryer are working properly before moving day arrives. Remove any dust and debris from the dryer’s lint trap, and wipe down the exterior of both the washer and dryer.

3. Furniture

If you own stunning outdoor patio chairs, a deluxe dining room table and chairs or other first-rate home furniture, you may want to include these items in your home sale. By doing so, you can help a buyer furnish his or her home in no time at all.

Selling a home can be challenging, even if you intend to leave behind assorted high-end items for a buyer. Thankfully, real estate agents are available to help simplify the process of selling a residence in any housing market, at any time.

A real estate agent understands that you want to enjoy a quick, profitable home selling experience. To accomplish this goal, a real estate agent will learn about your residence and explore ways to promote it to the right groups of buyers.

Furthermore, a real estate agent will offer expert guidance at each stage of the home selling journey. He or she will set up home showings and open house events, keep you up to date about offers on your residence and help you get ready for a home closing. And if you ever have home selling concerns, a real estate agent will immediately respond to them.

Consult with a real estate agent today, and you can move one step closer to selling your house.

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Do you ever wonder if those items stored away in your attic or basement are worth any money? Most people assume that their antique furniture and family heirlooms couldn’t be worth the trouble of finding out their value. However, there are some items that are currently taking up storage space that you could get quite a lot of money for. In this article, we’ll cover some of the items you’re likely to have that are worth a lot of money and how to find out just how much they’re worth.

Collectibles

Some collectible items gain value as the years pass. Sometimes a craze becomes so popular (i.e., Pokemon cards) that people snatch up every item they can find hoping that someday they’ll be worth thousands. In reality, it’s hard to know what items will be worth something decades down the road. However, there are many items that are currently very valuable that you might have laying around in your attic (hopefully still in the original packaging!).

  • Rare vinyl records
    Your mom’s stack of dusty Kenny Rogers records might not be worth much, but you should dig through and old records and look them up online to see how much they’re going for. Some editions of Bob Dylan and The Beatles sell for tens of thousands of dollars. You never know…
  • Comics
    Just like rare records, rare comic books can sell for thousands to serious collectors. Condition is key, but if you find any comics in the attic you should ask an expert how much they go for.
  • Musical instruments
    Antique guitars, violins, and pianos are highly sought after by collectors. Four things make an antique instrument valuable: the person who made it, the person who played it, the condition it’s in, and the quality of the instrument.
  • Designer fashion
    If grandma used to have a taste for high fashion, it might be a good idea to look into who made her old purses and jewelry. Similarly, if there is an old wrist watch or pocket watch in the attic, see if you can find any details about it online.
  • First edition books
    There’s a good chance your grand parents or great grandparents were book readers. They didn’t have the internet or video games so what else could they be doing all day? If they happened to collect some first editions of the classics, you’re in luck–The Great Gatsby with the original dust jacket recently sold for an incredible $194,000.

Artwork

You can probably guess that paintings by prominent artists are some of the most valuable collectibles in the world. However, it doesn’t take a van Gogh to turn a profit off of some old paintings and sculptures that might be sitting in your basement.

When we say art, we also include things like movie posters and old signs and advertisements. An original Star Wars movie poster can go for up to $100,000.

Antique wooden furniture

You’ve probably seen old furniture selling for thousands on television. The important things to look out for when it comes to valuing your old furniture are: is it made of all original parts? What time period is it from? Why type of wood is it made of? Which company crafted it? Only an expert can answer these questions for you.

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