Thanksgiving is a day devoted to family and food and for giving thanks for the blessing of the harvest, even in today’s fast-paced world. If you’re planning a feast for family and friends, you can cut down on the frenzy by taking some time to plan and set your Thanksgiving table before the crowd arrives.Read More
The AmeriFirst Home Buyer Learning Center
It’s autumn – the perfect season to pamper yourself with a cup of hot cocoa while snuggling up in front of a cozy, crackling fire. Before you light up your fireplace, however, it’s important to follow the fireplace safety tips below to keep your home fires burning – with no surprises:Read More
Topics: fireplace safety
Are you looking to buy a new car, apply for a mortgage or pursue a new career opportunity anytime soon? Then you may also know that your ability to secure a loan, a low interest rate, and even that coveted new career position, is dependent upon a vital piece of financial information – your credit score.Read More
First impressions matter! Whether you’re putting your house on the market or just want to freshen things up, you can create visual charm, show pride of ownership, and increase your home’s value by following our eight tips to increase curb appeal:
Topics: DIY home improvements
Sometimes the best part of a trip is spending time in your luxurious hotel room, wrapped in a soft, plush robe, sipping hot coffee and appreciating the soothing ambiance. While you do eventually have to go home, you can take some of that tranquil feeling with you by upgrading your digs with these 10-hotel inspired décor and design ideas.
Topics: AmeriFirst guest blog
Two of the most popular mortgage loans for first time buyers are the USDA Rural Development loan and the VA Home Loan. The main reason these two loans are so popular is because either one allows you to purchase a home with very little or no money down (also known as a Zero Down or No Down Home Loan). Zero down home loans are most common among first time home buyers since they are typically young married couples or single professionals who are just starting out, and haven't yet saved enough financial resources to fund a down payment.
Here is a quick overview of the first time home buyer loans with zero down:
USDA Rural Development Loan
The USDA Rural Development Loan is offered through the US Department of Agriculture. With this loan you can borrow up to 100% of the appraised value of the home, and in some instances, up to an additional 2% more that can be used for small repairs or improvements. One of main requirements of the USDA loan is that the subject property must fall within a specific rural geographical location that is outside a city/metropolitan area.
To find out if a particular property falls within the USDA required area, GO HERE.
VA Home Loan
The VA Home Loan (Veterans) is another popular Zero Down Payment Mortgage offered by the Department of Veterans Affairs. Signed into law back in 1944 by then President Franklin D. Roosevelt, the Servicemen's Readjustment Act (GI Bill of Rights) offered veterans a federally guaranteed home loan with zero money down. There are some very specific eligibility requirements in order to qualify for a VA home loan. To see if you might qualify for this loan, GO HERE.
Even though both of these loan products are first time home buyer loans with zero down, there are still some out-of-pocket expenses when buying a home, i.e. earnest money, and home inspection. Make sure you have enough money saved up to cover these Buyer costs.
Learn all about the first home buying process with our "Get Mortgage Ready Kit." The free eBook has a ton of information including a glossary of mortgage terms to help you be a more powerful and educated buyer.
(cash picture derived from: Flickr user Andrew Magill)
Do you live in a small or medium sized home and find that you need to increase your entertainment and living space? One of the best capital investments you can make is to renovate by expanding on an outdoor deck. Today, building materials and kits makes it possible for the average homeowner to DIY (do-it-yourself) and save thousands, while choosing a custom layout that works for their lifestyle and family needs.
It’s important to know that building a deck isn’t a project that can be completed over the weekend. You will also have to invest in quality materials to ensure that the deck remains safe and visually appealing, years after installation. Read on for a step-by-step plan for designing, planning and installing a deck, and to determine the resale value it can add to your home!Read More