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What About A Home Located In A Flood Plain?

by Net Sheet Calculator | Sep 25, 2019 | Selecting:

A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you live in a flood plain lenders will require that you have flood insurance before lending any...

What Are “Home Warranties”, And Should I Consider Them?

by Net Sheet Calculator | Sep 25, 2019 | Selecting:

You’ll see some pictures in this video to help you remember later, but essentially, home warranties offer you protection for a specific period of time, such as one year, against potentially costly problems like unexpected repairs on appliances or home systems...

Are There Special Mortgages For First-Time Homebuyers?

by Net Sheet Calculator | Sep 25, 2019 | Mortgages:

Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders may now be able to help borrowers who don’t have a lot of money...

What Is Earnest Money, And How Much Should I Set Aside?

by Net Sheet Calculator | Sep 25, 2019 | Selecting:

Like the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price though the amount can vary with local...

Is An Older Home A Better Value Than A New One?

by Net Sheet Calculator | Sep 25, 2019 | Finding:

Well, as this story shows, there isn’t a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods offer more ambiance and have lower property tax rates....
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