You may find a ‘financial diet’ is in order to get in shape to qualify for a mortgage. This mainly applies to first time homebuyers but could apply to those who are changing homes as well if you haven’t been watching those pennies close enough.
Buying A Home
Many first time home buyers have grown tired of paying high rent but don’t have a lot of cash to buy a ‘move in ready’ home. What this article will discuss is some of the more expensive items to look for when searching for a ‘fixer upper’ so you don’t end up with a ‘money pit’
At some point manufactures came up with standards on how long the purchaser should expect their product to function under normal usage. Thus they came up with the “Industry Standard Useful Life”.
Today’s purchase agreement is now more helpful to the buyers than in the past. Now there a few built-in contingencies that unless superseded by other documents help to protect the buyer.