Found 2 blog entries tagged as Financing Your Home.

 

As you begin your search for your future Oakland or Piedmont home, there is a tendency to look at the asking price as the cost of your new home.  While there is no doubt that is a good starting point, common sense tells you that home prices are often negotiable, and that competition is particularly stiff right now in many neighborhoods.  In addition to the purchase price, you need to put additional items into your budget to see if you can truly afford the home that you are looking at.  

While some of these fees below are negotiable between seller and buyer, it is best to include them in your financial plans:

1. A Home Appraisal Fee:  Your lender needs to know the value of the home, so you should plan on paying this fee.  Costs vary, but are…

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At this time of year, especially, there is a strong competition among buyers in the Oakland and Piedmont housing markets to purchase homes. In fact, in some market areas, there have been multiple offers on available homes, often disappointing many buyers who felt that their ideal home slipped through their fingers.  

The best solution to this problem is to be ready to move ahead right away when you see the home you want. To do this, it is important that you have a pre-approved loan in place. This takes a bit of advanced planning.  You should know what it will take to have a lender consider you, and what elements are involved in setting your mortgage rates.  

Here are some of the major considerations that come into play:

1. Your Credit…

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