$500 AmeriCash
For many, buying a home is likely the largest expense they will ever make – any sort of financial relief could help to instill more confidence and get you into the home of your dreams. With this in mind, Amerifirst is now offering a buyer incentive program that allows you, the buyer, to receive $500 toward your closing costs.

The program, which is open to any buyer, is good for all of 2019 and renewable each year afterward, and is eligible with almost every loan we offer.* Continue reading

Key takeaways

  • Separate what you need from what you want
  • Do your homework on what the market wants
  • Budget, budget, budget!

Boost Your Home’s Value with a Little Investment

Nice big tax return this year? Lucky you! If you have a nice, strong savings account, you might want to think about putting some of that tax return into your home.

And no. We’re not talking about installing an in-ground swimming pool or adding a new air hockey table in the basement. Investing in your home is about putting money toward what you need, not what you want. Not everybody likes air hockey, but everybody loves a roof that doesn’t leak!

The first step is getting online and checking out some real estate websites to see what’s hot. Nowadays, smart homes are the hot topic. But unless you’re pulling in buckets of money, stick with these tried and true renovations to add value to your home. Continue reading

For the past few year, all people were talking about was how it was a buyers market in real estate. Low prices, great deals and low interest rates were popular news headlines. If you were in the market for a new home, everyone’s advice to you was buy, buy buy. Lately, however, the idea of building your new home has slowly been making a comeback. The headlines from just this past week have all been about the rise of confidence for home builders. So, which is better: buying or building? Check out this Pros and Cons list from newhomeguide.com.

Home building pros:

·       Control: Building a home lets you have control over all the features and options that will affect you on a daily basis.

·       Knowledge: As you monitor the construction process, you’ll learn useful things about home construction and gain a sense of ownership that can only come from watching your house take shape step by step.

·       Expert advice:  You’ll have the expertise of the builder, contractors, and an architect to guide you.  Have peace of mind knowing that the pros are thinking about code, permits, and energy efficiency — not you.

·       The eco-friendly edge:  You have the option of using environmentally sound materials and energy-saving features that will both make your conscience feel good and keep more cash in your wallet over the years.

Home building cons:

Cost overruns:  You could have to pay extra for unexpected expenses.  Unexpected costs can occur in any home construction project.

Time: Waiting for construction to finish can be disheartening, not to mention that having to come up with alternate living arrangements while you wait can be costly.

Stress:  Every time a decision has to be made or a problem arises, you’ll hear about it.  Dealing with those considerations on a daily basis throughout the home building process can take their toll unless you’ve got a positive mental attitude.

Buying a new home
Buying a new home involves scouring real estate listings with an agent to find a home that suits your needs.  The process can take a few days or a few months, depending on how fast you want to move.

Home buying pros:

·       Shopping around:  You get to be a critical shopper, comparing different features until you find exactly the right combination at the right price.

·       Bargaining:  You can drive a tough bargain and get the best deal possible, knowing that, in a competitive market, there are other options waiting for you right up the road.

·       Taking your time: When buying a new home, you get to work at your own pace.  You can take your time house hunting.  And when it comes to moving in, you work with the seller to choose a date that’s soon or a few months away.

Home buying cons:

·       Concessions: When buying a home, may have to make concessions in regards to features you want.  You may not find the “perfect” house since you didn’t design it yourself.  And you may need to spend money making updates or repairs.

·       Stress:  Finding and making an offer on a new home can be stressful, especially if you are in a seller’s market.  You may need to act fast or make an offer that’s more than the listing price if you get stuck in a bidding war.