Tax Day is quickly approaching! Many employers have already released their 2022 tax forms therefore allowing employees to get a head start on filing. There are many online services that guide you through your taxes (some are even free!), so it’s a great idea to get started as soon as you can and not put…
We understand that sometimes the road to homeownership can be challenging. That is why my team and I work hard to try to find solutions for every one of our clients to be able to buy the home they want at a price that works for their financial picture. When the down payment is the…
Throughout the past tumultuous years in real estate, the team at GoPrime of West Asheville has been working within the community to find new ways to help area residents reach their dream of homeownership. One agency that we value in our community is the North Carolina Housing Finance Agency. As stated on the NCHFA website: …
No April Fools: What is Mortgage Insurance and Do You Need It? PMI. What is it and do you need it? PMI stands for Private Mortgage Insurance and the answer is “sometimes.” Before you get preapproved for a mortgage or make an offer on your next home, it may be helpful to better understand PMI and how…
While you can find a slew of homebuyer programs that allow you to put very little down payment on a new home — sometimes as low as a zero percent down payment — generally, it’s better to put down at least 20 percent in cash. A higher down payment equates to lower monthly mortgage payments…
What to do with gifts for down payment. Gift Funds and How to Verify Them Maybe you’re looking to buy a new home, but you’re hoping to get some help over the holidays from your family. You can definitely use these monetary gifts fore down payment of a new house. But you need to be aware…
Can you afford three percent down? In Asheville, NC, and in the Bay Area of Northern California, rents can be exorbitant. Many people don’t think they can afford a house, so they continue to make those high rental payments, putting money in someone else’s pocket. But if you can afford to put just three percent…
Do you need mortgage down payments? Not always. Too many people believe they need to save a large pile of money to even think about buying a house. They believe that having a down payment separates the homebuyer wannabes from the endless renters. These same people probably have never tried to buy a house. It’s…