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Financial Tips For Purchasing Your First Family Home

October 6, 2020 By Ina

Purchasing a home for yourself is one thing, but finding the right place for yourself and your family is quite another.  You want a place where your family can live happily, and making smart financial choices along the way is a huge part of achieving that goal.  

With a little research and financial preparation, you and your family can comfortably own the home of your dreams.  Start learning now, and read through some simple financial tips for purchasing your first family home.  

Research the current mortgage trends 

Before you get too deeply attached to any one property, start with a more broad standpoint.  Get a good feel for what you might be looking to pay for a great home by checking into a home loan comparison tool.  

Getting a good idea of the market before you jump right in will help you scope out a better deal.  Come to the bargaining table with as much knowledge as possible, so you can find the best prices for your wallet.  

Work to refine your credit reports 

You will need a decent credit report to find the home you and your family really need to thrive.  Start working on refining your credit reports at least one to two years before you plan to make the move on purchasing a home.  

The higher you can get your credit score, the better home you’ll be able to acquire.  Work to alleviate the strain of erroneous debts as well by disputing every charge individually.  

You need a healthy savings 

You will need quite a healthy down payment to get your family into the home of your choosing.  It’s best to save up at much as possible for a down payment to make your mortgage plans a bit more manageable.  

A solid ten percent of the purchase price is common, but you could do yourself a favor by saving up 20 percent for a down payment.  You’ll need extra friends for security after you purchase your house as well, so make saving a regular part of your financial plans.  

Get a preapproval letter from the bank

Once you have all of your financial paperwork in order, you have to present yourself to a bank for a loan.  The bank will want to know some very specific information about your personal finances and your financial history, so prepare to feel a little violated.  However, once you have a preapproval letter in hand, it will be easier to present an attractive bid to sellers.  

Consider the cost of making a house a home

Once all the purchasing is said and done, your financial responsibilities are just beginning.  Saving for a down payment is only a beginning step.  Once you purchase a home, you will need money to make your house a home.  

3 Ways To Help Your Loved One Settle Into Their Assisted Living Facility

June 11, 2020 By Ina

While many families may want to keep their loved loves living at home for as long as possible, in many situations, there will come a time where you and your family can’t give your loved one the level of care they require. At times like these, you may want to consider having your loved one move into an assisted living facility. [Read more…]

3 Tips For Getting Your Child To Practice The Piano

November 9, 2019 By Olivia M

For many kids, the piano is one of the first instruments that they start to learn. Because pianos are so prevalent, it’s usually easy to find someone who plays the piano and can teach your child how to play as well. 

However, because actual piano lessons can only be so long, so much of your child’s learning will have to take place in the home through practice. The problem with this is the many children don’t enjoy practicing anything, let alone a solo instrument. 

[Read more…]

Getting the Kids Ready for Back to School on a Budget

August 31, 2019 By Sally

When you’ve got multiple children, getting them ready for back to school can be a nightmare. Nevermind trying to get them back into schedules and routines or getting them past their anxieties of being in a new classroom with new teachers and students. The amount of money it’s going to cost you to make sure they all have the proper clothes, shoes, and supplies for the school year is outrageous. 

[Read more…]

4 Things Your Family Should Consider Before Adopting a Dog

July 30, 2019 By Olivia M

So, you love dogs, and you know that adopting is better than buying a new one.  You’ve probably got the perfect image in your mind of how it will look and what a significant impact it will have on your family’s dynamic.

However, even though you may have convinced yourself that it will play out perfectly, it’s vital that you have a realistic idea of all that it will require of you.  When you add a dog into your life, it’s not a temporary toy. A dog is a new family member and a big commitment.

[Read more…]
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