Things to Look Out for at an Open House

Whether it’s your first home or not, it’s important to know what you’re looking for when purchasing a home. Attending open houses is a key step in getting a feel for what you like, what you don’t like, what’s on the market, and what’s within your budget. It’s critical to know what to watch out for during each tour considering that the next house you walk into could be your next home. To help you understand what to look out for, here are a few key things to keep in mind  during every open house you attend. Location, Location, Location If you’ve ever watched an episode of House Hunters, you know why we’re covering this as an important thing to keep in mind. As you arrive at an open house, pay close attention to the part of the home you… Read More

Why Now is the Time to Buy a Home

June marks one of our favorite occasions, National Homeownership Month. Recognized by The White House, we like to take this time to celebrate and highlight all of the homeowners nationwide, but especially our family of individuals who we’ve helped achieve their homeownership dreams in the North Central Florida area including Gainesville, Ocala, Jacksonville, Orlando and more. Achieve the American Dream The real estate industry is constantly evolving and at Chris Doering Mortgage, we strive to keep up with these changes. We’re committed to being transparent about the available financing options for our clients to set them up for the best success in owning a home. Becoming a homeowner is often the ultimate achievement for Americans; a testament to the American Dream. It doesn’t just stand as a roof over their heads, it stands as an investment for the homeowner for… Read More

Renting? 4 Reasons Why You Should Buy a Home

We’ve written a lot about the home buying process over the years, but why should you even consider buying a home? Many people today prefer renting or think that owning a home is out of their reach, but that doesn’t have to be the case. It can be a big commitment when you buy a home, but it comes with so many benefits. We’ve highlighted four reasons why you should buy a home. 1. Tax Benefits There are many tax benefits that come with home ownership. These breaks help offset some of your costs: The interest and mortgage insurance you pay on your mortgage is tax deductible. If you bought mortgage points, they’re tax deductible in the year that you bought them. Property taxes that are apart of your monthly payment are deductible. The money you make on the sale… Read More

What You Need to Know About Foreclosed Homes

When a homeowner is no longer able to afford their mortgage payments and ceases to make their payments, the mortgage lender is forced to take ownership of the home. When this happens, the home goes through what is called a foreclosure and will go up for sale to a new owner. If you are willing to navigate some of the challenges inherent in purchasing a foreclosure, they can be a financially friendly option. However, there are a few things you’ll want to know before making the decision to buy a foreclosure. Foreclosures Can be Financially Friendly Often times, the lender who owns the foreclosed home is eager to sell the home at a discounted price to remove the house from their books. For this reason, foreclosures can be a great option for a home shopper looking for a larger home,… Read More

FHA Loans vs. USDA Loans: What You Need to Know

There are so many home loan programs out there when you begin to shop for mortgages. Understanding the differences can be daunting and confusing, but understanding a little about your options can be very empowering. There are two popular home loan programs offered by government agencies: The Federal Housing Agency (FHA) and the United States Department of Agriculture (USDA). Each program has different qualifications and features. Know the differences so that you can get the best deal for your home loan. USDA Loans USDA loans are designed to make home buying feasible for families with lower to average income. If you are interested in buying a home in suburban or rural areas, USDA loans may be for you. There are two different types of USDA loans: Direct and Guaranteed. Direct Loan Direct loans are strictly for low-income borrowers. If your… Read More

What You Need to Know About Condo Loans

Condominiums can be a great low cost, low maintenance solution when you are choosing where to live. Unfortunately, receiving financing for a condo can be more challenging than receiving a conventional loan on a traditional home. What You Need to Qualify Loan qualifications for a condo loan are often more stringent and there are a few things to consider when applying for a condo loan: You may need a larger down payment to get the best mortgage rate for your condo. The homeowners association for the condo complex may have additional financial qualifications before you can buy a unit in their complex. Lenders look at not only your financial standing, but also the financial standing of the developers. Different loan programs have different requirements for the condo developers. The condominium complex must hold a certain amount of HOA fees in… Read More

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