In A House But Not Married

June 15, 2017

Not long ago, as we were doing introductions at the beginning of our Homebuyer Express class, one of the participants stated that he was scheduled to close on his new house in two weeks, but was still shopping around.

Ummmm, what???

As the story goes, he and his girlfriend were going to buy the house together and he, in the interest of peace and harmony, let her pick out the house.  But now, before closing, she was no longer girlfriend.  He could still afford the home, but it wasn’t the home he wanted.  So he was still looking around and trying to decide if the extra costs of backing out were worth it for him.

As more and more unmarried people are buying homes together, it brings some “interesting” potential issues to the surface.  Even if the individuals buying together aren’t a couple, but rather siblings, business partners, or just friends, the situations can provide for some more challenging “now what” moments. Read the rest of this entry »


Mortgage Paperwork – Why the Pain?!?

February 20, 2017

Pay stubs.  Tax returns.  Bank statements.  Lists of liabilities and assets.  Credit card statements. Loan documents.  Affidavits.  Investment statements.  Gift letters.  Purchase contract.  Property tax assessments.  Landlord/rental history.  Retirement account statements.  Driver’s license.  Social Security card.  And now that you have submitted all of that, you have to do it all again with updated copies.

As much work as it takes, it’s almost like mortgage lenders don’t really want to give you a loan.  I assure you, that’s not the case…… usually. Read the rest of this entry »


Is It REEEEEALY A Good House?

December 14, 2016

 

So what is your new year going to look like?  What do you want house-and-coinsto do this year?  Change?  Experience?  Does that list include the purchase of a new home?  Does the enormity of that idea scare the bajeebbas out of you?  Don’t worry, you aren’t alone.  After all, how do you know it’s a good home?  Has it been taken care of?  This is a huge purchase and commitment.  How do you know you aren’t getting into a money pit?  There have been at least a couple of funny movies based on that experience.  Is your purchase going to inspire an entirely new episode of comedy?  Possibly…… Read the rest of this entry »


Home Inspections Gone Wild

June 9, 2016

 

A stranger walks through the house, checking out every little thing, at times taking pictures and at others just making notes.  It’s not a quick visit.  This will take upwards of 3 hours.  While it may sounds like the plot of some horror movie, it is real life that happens every day.  Whether or not it is a horror story depends on the house.  Read the rest of this entry »


101 Things You Should Know Before Buying a Home

May 17, 2013

The homebuying process can be scary – and fun – and complicated – and full of exciting moments.

Here at Lutheran Social Services Consumer Credit Counseling Service, we’re working hard to make sure you, as a homebuyer, know the 101 most important things about the process before you sign on the dotted line. If you have questions about homebuying and homeownership, you are in luck!

HBE Summer Schedule

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