Monday, April 17, 2023 / by Abby Kurtz-Lendner
If you're looking to purchase a home, one option that may be available to you is an FHA Loan. While we are not a lender, we do work with several amazing, local lenders that can help advise you on the best route for you, to determine your buying power, and break down the numbers!
FHA Loans are backed by the Federal Housing Administration and can be a great choice for first-time homebuyers or those with limited financial recourses. In this blog, we'll take a closer look at FHA loans and what you need to know before applying.
What is an FHA Loan?
An FHA loan is a mortgage that is insured by the Federal Housing Administration. The FHA is a government agency that was created in 1934 to increase homeownership in the United States. FHA loans are designed to help people with lower credit scores or limited financial resources qualify for a mortgage.
One of the benefits of an FHA loan is that it requires a lower down payment than a conventional mortgage. While conventional mortgages typicall. ...
Tuesday, November 5, 2019 / by Brooke Cole
One of the most important steps in purchasing a home is the home inspection!
When you buy, the contract has a written number of days for you to have the home inspected before you decide whether you want to move forward. This home inspection period is crucial. During that time, if you determine you want to back out of the deal, you get your earnest money deposit back!
It's so important to see what a licensed inspector has to say of the house. At The Cole Team, we have a list of trusted inspectors you can use!
However, there are a few myths and misconceptions we hear regarding home inspections.
An inspector does not pass or fail a home on the inspection. The home inspector's job is to give you a closer look at any issues they might've found while inspecting the home. Once they send you the report on the defects found in the home, it's up to you to decide whether to move forward with the deal or to cancel.
2. Defects and Repairs
Don't assume a seller has to make repair! ...
Friday, October 18, 2019 / by Lauren McGinnis
When you look at your kitchen are you inspired to cook up a feast? Or does your kitchen make you want to order take out?
If your kitchen leaves you wanting more, but you just don't have the time or the budget to go for a full on remodel then don't worry! We have found the perfect kitchen upgrades, that don't require you to gut and completely remodel your area, that will have you wanting to host a dinner party in no time!
Zillow.com recently conducted a study and found these 7 zones to be the best places to upgrade without breaking the bank. They suggest focusing on any combination of the 7 main zones when planning a kitchen upgrade. The zones are; cabinets, backsplash, countertops, shelving, lighting, pulls and knobs, and appliances and plumbing.
If you are ready to jump into a kitchen upgrade in any of these zones, this is what Zillow recommends for each zone so that you can get the most bang for your buck.
Cabinets - can be repainted, refaced, or replaced in about ...