I used Quicken/Rocket Mortgage for our home loan, I couldn’t be happier with them.
Buy some land and build a 50 × 100 metal building. Enclose 50x50 for house and as a bonus you get a 50x50 shop. And of course have it insulated with spray foam.
The mortgage company will require title insurance for them, but you should also get a title insurance policy for yourself.One more thought...
Title insurance.
They guarantee the title is valid.
Get the sellers to fork out homeowner's warranty, It only costs them a few bucks more but if the AC unit goes, you call the guys on the warranty and they replace it.
Try to get a corner house if possible. With a fire hydrant in the yard or across the street if possible. Beware of houses built in the 60's to mid 70's. Aluminum wiring was used building entire houses during the rise in copper prices in that period. If your prospective house was built during that period, make sure the home inspector does his job checking for this.
I've had two (drive by) inspections where they did not do their job but I found it.
I could give you the name of a really good realtor. She really works hard for you.
I will use her company over and over.
Try to get a corner house if possible. With a fire hydrant in the yard or across the street if possible. Beware of houses built in the 60's to mid 70's. Aluminum wiring was used building entire houses during the rise in copper prices in that period. If your prospective house was built during that period, make sure the home inspector does his job checking for this.
I've had two (drive by) inspections where they did not do their job but I found it.
I could give you the name of a really good realtor. She really works hard for you.
I will use her company over and over.
That's almost impossible unless you pay three or four and they come up with the same recommendations.
When we were shopping for our last house, the realtors sent out an inspector that they have on their speed dial. They will approve almost anything unless it's glaringly obvious.
I'm totally familiar with electrical, plumbing and Mechanical industrial. The house we live in now was "inspected" and passed. When he left, I inspected by removing the breaker panel cover, opening several outlets, the water well and a couple of the the electrical wall connections, and found several violations that would not meet electrical or plumbing code. One that stood out was a piece of 10 ga electrical three conductor SO cable coming out of the sheet rock that fed the electric water heater. The insulation had split and there was exposed wiring in the cracks of the wire within the cable. Went around the house opening and closing the hose bibs and found one leaking later. A small pile of what looked like rubber gasket material was under the bib. Used to stop a seat leak in the bib.
The water well was a nightmare of wiring and plumbing.
After noting all the violations, the previous owners fixed them. There has been some plumbing issues that have cropped up over the 30 years we have lived there that were direct result of poor plumbing from the 3/10 mile water line they laid but those had to be corrected by me at a large expense.
Beware of home inspectors is my final word. Get more than one.
I'm with Gunbuffer that said to get a good realtor to take care of all the issues everyone else is talking about. Also, dependent on your financial situation, how much money you make, if your are compensated with quarterly/yearly bonus', etc, then you may not want to wrap your property taxes into your mortgage. We've never lumped them together but we are also not talking about the same size mortgage. I wouldn't have my insurance included in my monthly payments either. I prefer to keep it all separated.
Everyone else mentioned good advice. Cheapest home in the hood and you really should be good with home repair and maintenance or at least be willing to learn. Best of luck and have fun during the process.
Everyone else mentioned good advice. Cheapest home in the hood and you really should be good with home repair and maintenance or at least be willing to learn. Best of luck and have fun during the process.
Assessors are so full of crap. They have no idea of reality. We get this increase every year and when I contest it every year, they back off.
We live on a road that floods, gravel and has a slope that is impossible to navigate in the winter without a 4WD. (I'd invite you 2WD commando's to try it, our postal service won't deliver in bad weather). We have no neighbors other than one hundreds of yards away that we can't see. The assessor compares it to the homes three miles away in a high dollar community with asphalt roads, curbs, drainage, and so on that are valued much more than ours.
It's not hard to beat the assessor with a protest, but they get a little every year even with a protest.
Try $129 a month!! That is what my pmi is. I went with the fha so I wouldn’t have to put 20% down and this is what I get for it. But I didn’t have 20% to put down on my house. This was the only way I could afford it. But you are right. It’s a rip off.
My house is $1405 a month with insurance, taxes and pmi. My house was $185,000. So yes they are full of crap.
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