Home Bunch - Interior Design Ideas
Posted in: Uncategorized

Painted Brick White Dove by Benjamin Moore

Making the leap from renting to buying a home can be a very daunting experience for the uninitiated. Not only are there mortgage lenders who will scrutinize your credit, offer complex mortgages, and throw in hidden costs, but there are also the time, energy, and money that goes with general upkeep and repairs. However, you can find many upsides to buying a home, and navigating the difficulties is worth it in the long run.

Credit Score

Benjamin Moore White Dove Paint Brick Exterior

The first thing to make sure of is that you have an excellent credit score. Comb over your report for any errors, and spend a few months paying down on debt if necessary to bump up the score. Also, don’t assume that paying your bills on time every month automatically guarantees a high credit rating. Part of your score includes comparing the amount of credit you have available to how much you’re using. One way to improve your score is to consolidate debt. Excessive amounts of liability will cause a dip in your score and possibly lower your rating.

Monthly Bills

Even with good credit, if your monthly cash flow is not more than enough to take care of your current bills, you won’t be able to tack on a mortgage and all the other costs of owning a home. One method of dealing with high monthly bills is to refinance high-interest debts. For example, if you are a college graduate, you probably can refinance your student loan and shave off a few percentage points. In addition to refinancing, develop a budget that will be comfortable but also let you sock money away for when you need it.

Down Payment

The down payment is very important to determine what the interest rate and payment structure of the mortgage will be. Traditional thought says that you need at least 20 percent of the total cost when you sign the contract, but there are many programs available, especially for first-time buyers, that accept down payments as low as 3.5 percent. However, buyers paying low down payments will have to pay a premium for mortgage insurance to the bank.

Mortgage

Mortgages offered by lenders will either include a fixed or adjustable rate. Fixed-rate mortgages will stay at the same percentage throughout the life of the loan, while adjustable rate mortgages (ARMs) will fluctuate according to current market conditions. Some ARMs start with a low introductory percentage that balloons after a few years. There are also mortgage points, which are fees equal to 1 percent of the loan. They are used by lenders to offset bad credit scores or as an option to lower the overall rate. In some instances, purchasing points can save money over the life of the mortgage.

Ultimately, the choice to become a first-time homeowner is a complex one that involves weighing many factors, financial and otherwise. Once you have all your financial affairs in order and are looking for a mortgage, be sure to shop around for what will be best for your situation.

See this house tour here.

This Month’s Best Deals

Wayfair: Up to 70% OFF – Huge Sales on Decor, Furniture & Rugs!!

Serena & Lily: New Summer Collection!

Pottery Barn: New Outdoor Sales! 1000s of New Arrivals!!!

West Elm: Mega Spring Sale Up to 40% OFF!

Horchow: Flash Sale: Up to 55% Off!!!

One Kings Lane: Save Up to 70% OFF! Warehouse Sale + Outdoor Sale!

Williams & Sonoma: 20% off your order.

Nordstrom: New Spring Arrivals!

JCPenny: Clearance 80% OFF

Neiman Marcus: Up to $100 OFF on Women’s Shoes & Handbags!

Pier 1: Extra 10% Off + Free Shipping!

Joss & Main: Outdoor Entertaining Sale – Up to 65% Off!

 

Posts of the Week:

Beautiful Homes of Instagram California Beach House Beautiful Homes of Instagram California Beach Houses

Beautiful Homes of Instagram: California Beach House.

Board and Batten Modern Farmhouse Board and Batten Modern Farmhouse Paint color exterior Board & Batten Modern Farmhouse interior paint color #BoardandBattenModernFarmhouse #paintcolor #interiorpaintcolor #exteriorpaintcolor

Board & Batten Modern Farmhouse.

 

Small Modern Farmhouse with Front Porch Paint Colors Interior Exterior Paint Color Small Modern Farmhouse with Front Porch #SmallModernFarmhouse #Smallhomes

Small Modern Farmhouse with Front Porch.

 

Interior Design Ideas Modern Farmhouse-style Home see paint colors on Home Bunch #InteriorDesignIdeas #ModernFarmhousestyle #ModernFarmhousestyleHome

Modern Farmhouse-style Home.

 

Interior Design Ideas Best Interior Design Ideas on the blog Interior Design Ideas Interior Design Ideas Home Bunch Interior Design Ideas #InteriorDesignIdeas #blog #InteriorDesign #interiorideas

Newest Interior Design Ideas.

Designer Kitchen Renovation Designer Kitchen Renovation Paint Colors Designer Kitchen Renovation #DesignerKitchenRenovation #KitchenRenovation

Designer Kitchen Renovation.

Inspiring Interior Color Scheme Paint Colors Inspiring Interior Color Scheme Paint Color Ideas Inspiring Interior Color Scheme Paint Color #InspiringInterior #ColorScheme #PaintColors #interior #interiorcolorscheme #interiorpaintcolors

Inspiring Interior Color Scheme.

New-Construction Family Home Design Paint Colors on Home Bunch

New-Construction Family Home Design.

Kitchen and Dining Room Renovation Paint Colors on Home Bunch Kitchen and Dining Room Renovation Kitchen and Dining Room Renovation #Kitchenrenovation #DiningRoomRenovation #PaintColorsKitchen and Dining Room Renovation.

Beautiful Home Design Inspiration Beautiful Home Design Inspiration Paint Colors Beautiful Home Design Inspiration Ideas #BeautifulHome #BeautifulHomeDesign #BeautifulHomeInspiration

Beautiful Home Design Inspiration.

Interior Design Ideas Texas Farmhouse-style Interiors Interior Design Ideas Texas Farmhouse-style Interior Pictures #InteriorDesignIdeas #Texas #Farmhouse #farmhousestyle #farmhouseInteriorsTexas Farmhouse-style Interiors.

Grey Kitchen Paint Colors on Home BunchGrey Kitchen Paint Colors.

Interior Design Ideas All sources on Home Bunch Interior Design Ideas #InteriorDesignIdeas #HomeBunchInterior Design Ideas.

Interior Design Ideas Modern Farmhouse Interiors See Paint Colors and All Decor sources on Home Bunch blogInterior Design Ideas: Modern Farmhouse Interiors.

New Interior Design Ideas See all sources on Home Bunch New Interior Design Ideas New Interior Design Ideas #NewInteriorDesignIdeas #InteriorDesignIdeas #InteriorDesign #InteriorNew Interior Design Ideas.

Foreclosure Home Renovation Ideas Foreclosure Home Renovation Sources on Home Bunch

Foreclosure Home Renovation Ideas.

You can follow my pins here: Pinterest/HomeBunch

See more Inspiring Interior Design Ideas in my Archives.

Popular Paint Color Posts: The Best Benjamin Moore Paint Colors

2016 Paint Color Ideas for your Home

Interior Paint Color and Color Palette Pictures

Interior Paint Color and Color Palette Ideas

Inspiring Interior Paint Color Ideas

Interior Paint Color and Color Palette

New 2015 Paint Color Ideas

Interior Paint Color Ideas

Interior Design Ideas: Paint Color

Interior Ideas: Paint Color

More Paint Color Ideas

“Dear God,

If I am wrong, right me. If I am lost, guide me. If I start to give-up, keep me going.

Lead me in Light and Love”.

Have a wonderful day, my friends and we’ll talk again tomorrow.”

with Love,

Luciane from HomeBunch.com

Interior Design Services within Your Budget

Come Follow me on

Come Follow me on

Get Home Bunch Posts Via Email

Contact Luciane

“For your shopping convenience, this post might contain links to retailers where you can purchase the products (or similar) featured. I make a small commission if you use these links to make your purchase so thank you for your support!”

Posted in: Uncategorized

See More Home Bunch House Tours




No Comments! Be The First!


Leave a Reply

Comment:

Please note: your email and ip address is saved when you submit a comment but never shared publicly. Please make sure you're okay with this before submitting your comment. If you left a previous comment and would like to have it deleted, please contact me with relevant info.



Follow Home Bunch












See More Home Bunch House Tours - Click Here!
See More Home Bunch House Tours

Photos are submitted by either homeowners, builders, designers or photographers showcasing their work.
Site Design & Writing © HomeBunch.com. All Rights Reserved. Privacy Policy


Photos are submitted by either homeowners, builders,
designers, and photographers showcasing their work.
Site Design & Writing © HomeBunch.com. All Rights Reserved.
Privacy Policy - Contact Us