Tag Archives: buying a home

You can afford to buy a home: Here’s how

Between down payments and closing costs, many would-be homeowners become frustrated with the process and put off their dreams of buying a home. But homeownership can be more affordable than you think. If you’re looking for ways to save on your home purchase, you may want to:

Explore other property options

When it comes to buying a home, a traditional listing may not always be your best bet if you’re looking to save some dough. Ask your real estate about potential foreclosures and short sales in your area, or look online if you’re tackling the home buying process on your own. These bank-owned homes cost significantly less than comparable properties, but just be prepared, because it can be a lengthy and complex process. But if you’re up for the challenge and you’re flexible with your closing date, purchasing a foreclosure or short sale can save you a lot of money on your home purchase.

 

See the potential in a fixer-upper

The neighborhood’s ugliest house is for sale and you laugh to yourself, wondering who would actually want to live in a place that looks like it’s ready for Halloween year-round. But don’t just see it for what it is: see past that, and picture what you can turn it into. Fixer-upper homes are usually priced accordingly, which can mean getting into a home that you may not have been able to afford otherwise. Sure, it may need some (or a lot) of TLC, but if you’ll still make out ahead in the end, it can be a project worth taking on. And as an added bonus, you can customize the home to your liking.

 

Lower your housing budget

This may seem like an obvious one, but it’s an important one worth pointing out. A lot of people will pull up a mortgage calculator and base their home purchase budget on what kind of monthly payment is affordable. Then they realize most mortgages require at least 10 percent down, and then there’s closing costs on top of that. Frustrated, some will just give up on buying a home completely. But if you have your heart set on a $200,000 home, yet only can afford a $10,000 down payment, why not explore what $100,000 can get you? Although you won’t want to make too many sacrifices—after all, a home purchase is a big one and you want to be happy in the end—if you can lower your budget and find something that meets your needs just fine, homeownership can become a realistic possibility much sooner than you imagined.

 

Compare property taxes

A good chunk of your monthly mortgage payment will usually go towards property taxes. Depending on where you’re looking, this can make or break your decision to buy a home, and can mean the difference of affording the type of home you want. By simply looking into neighborhoods that are just a few minutes away, it could mean different counties and possibly lower property taxes.

 

Avoid HOAs

Another way to save money on those housing expenses is to avoid buying property that’s part of a Homeowners Association, or HOA. Being part of an HOA can certainly offer its perks; a lot of stuff could be taken care of for you, such as landscaping, but you’ll pay extra for this convenience. Depending on what the HOA will include, this might just be a couple hundred extra each year, or it can be a few hundred every month. If you’re looking to save as much as possible, scratch HOA homes offer your list completely.

 

Do you want to buy a home, but need the money for your down payment and closing costs? J.G. Wentworth may be able to help if you’re receiving structured settlement payments. Contact J.G. Wentworth today to learn more about selling some or all of your future payments for a lump sum of cash.

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

Signs you’re ready to go from renter to homeowner

 

1. Your landlord drives you absolutely freaking nuts.

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2. Just like your last landlord, and the landlord before that one….

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3. All in all, you’re ready to call the shots.

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4. You’re a very private person and really hate the idea of sharing a wall with someone else.

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5. Speaking of privacy: you’re fed up with all of the random excuses that have been made for your landlord to enter your home…

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6. …..and not all of these occurrences have been announced beforehand, either.

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7. You really need more space.

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8. You’re just sick of moving, pretty happy with the area you live in, and you’re ready to settle down.

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9. You have a steady job.

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10. Your financial situation is looking pretty good, too. You’ve got plenty saved up to cover your down payment and closing costs.

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11. And your credit score is also fantastic—after all, if you need a mortgage, you’ll need good credit.

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12. You’ve finally got this whole adulting thing down, and you feel mentally and financially responsible to take on homeownership.

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Are you ready to buy your first home? Whether you need some extra cash or you’re looking into financing options, J.G. Wentworth can help. We can offer you a lump sum of cash for the sale of some or all of your future structured settlement payments, which you can put towards the purchase of your home. Additionally, J.G. Wentworth also offers several different mortgage options. Contact J.G. Wentworth today for more information!

 

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

Disadvantages of living at home as an adult

 

1. You don’t have much (or any) privacy.

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2. You’re still told to “clean your room” on a daily basis.

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3. And if your parents are still cleaning up after you, you’re not really sure that’s any better…

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4. …and basically, you still feel like a little kid, even though you’re pretty old.

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5. You feel pretty humiliated every time you’re out with your buddies (or on a hot date) and you’ve got to contact your folks to let them know you won’t be home for a while.

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6. And forget about the awkwardness of um…. overnight or late night guests.

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7. In fact, it’s been impossible to find a boyfriend/girlfriend because nobody will take you seriously once they find out you still live with your parents.

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8. Because you don’t have many bills to pay (or any at all), you could get stuck in a rut and become comfortable where you are, even if it means working a mindless job you hate or even staying unemployed.

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9. Since you’re constantly treated like a child still, you kind of still act like one.

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10. Even if you’re allowed to do what you want and when you want, you still won’t gain that true sense of independence that can only come with finally moving out on your own.

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11. You’re just super depressed bummed out overall.

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Are you ready to finally be out on your own, but need the cash to make it happen? Let J.G. Wentworth get you cash that can be used toward becoming financially independent. Contact J.G. Wentworth today to learn more about our financial solutions and services, including settlement funding, personal loans, and mortgages.

 

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

16 awesome benefits of living alone

 

 

  1. You don’t have to worry about someone else constantly being a slob….

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2. ….Or you can be the slob without getting yelled at.

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3. No weird, annoying, or downright creepy roommates to worry about dealing with on a daily basis…

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4. …Or being forced to actually spend time with.

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5. And if you’re an adult still living with your parents, it can be equally (if not more) frustrating.

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6. Have all the pets you want without roommate or family approval.

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7. Feel free to wear pajamas all day if you’d like, and without judgment.

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8. Clothing, in general, is optional.

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9. And you can just be a complete and total weirdo overall.

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10. No need to worry about loud guests or parties late at night when you’re trying to sleep.

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11. Because you’re the one who can choose when (and if) you want anyone else around. Otherwise, total peace and quiet.

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12. Decorate how you want.

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13. You’ll never have to worry about anyone stealing your food.

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14. Dance party at 3am in your underwear…because you can.

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15. No concerns about the other person coming up with their portion of the rent/utilities/cable bill/etc.

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16. You’ll be independent and basically in control of everything in your own home.

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Whether you need money to rent a place of your own or to buy a home, J.G. Wentworth can help. We offer a variety of financial solutions that can help you reach your goals, including structured settlement payment purchasing, personal loans marketplace, and mortgage loans. Contact J.G. Wentworth today for more information.

 

J.G. Wentworth claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to its respective owners. If there is an image appearing on this blog that belongs to you and do not wish for it appear on this site, please e-mail information@jgwentworth.com with a link to said image and it will be promptly removed.

If your old and ugly house could send you text messages

 

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Do you need cash to fix up a home or to buy a new home? J.G. Wentworth can help! Contact us today to learn more about the different products we offer, including structured settlement payment purchasing, mortgage loans, and a personal loan marketplace. Let us help put you in a home that you’re happy in!

Mortgage loans are offered through our affiliated lender
J.G.Wentworth Home Lending, LLC. NMLSID # 2925
3350 Commission Court, Woodbridge, VA 22192
1-888-349-3773

20 tweets about landlords that will make you laugh and cry simultaneously

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Twitter: @deefizzy

 

 

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Twitter: @rossleebonebag

 

 

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Twitter: @chelseamwhipps

 

 

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Twitter: @Redhotbarb

 

 

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Twitter: @_ShortyGuwop

 

 

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Twitter: @RoomHamster

 

 

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Twitter: @AWartinger

 

 

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Twitter: @POCHO_CHOLO

 

 

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Twitter: @Misskaiii_ 

 

 

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Twitter: @KelseyBonifacio

 

 

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Twitter: @ChloeALucero

 

 

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Twitter: @spencermadsen

 

 

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Twitter: @missjuliehynh

 

 

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Twitter: @KaileyCost

 

 

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Twitter: @matthewamicone

 

 

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Twitter: @adv817

 

 

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Twitter: @buzelda_

 

 

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Twitter: @maddiesmith343

 

 

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Twitter: @TrademarkFox

 

 

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Twitter: @skacky

 

 

From unexpected house visits to strict rules, many people have had that one landlord from hell at least once when renting a place. If you’re just sick and tired of renting, J.G. Wentworth can help. Buy your own place and finance your purchase with a mortgage through J.G. Wentworth Home Lending. We can also provide you with a lump sum of cash if you’re receiving structured settlement payments by purchasing some or all of your future payments. Contact us today to learn more about the different financial solutions we offer, and how we can help you purchase your first home.

5 things you’ll want to pay attention to at an open house

If you’re looking to buy a home in the near future, you’ll likely visit at least one open house during your house search. An open house is a great way to explore what different options are available in the area you’re interested in, and can give you a better idea as to what you can get for your housing budget. For many homebuyers, they find their dream home from an open house.

When you visit an open house, it can be easy to be dazzled by all the good things that the home has to offer. A home that is staged well, for instance, can easily mask certain things that might be wrong with the home. When you visit, the following are some of the things you’ll want to do, pay close attention to, and ask about:

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Strange smells

The nose knows. Be wary of candles and air fresheners that are trying to mask unpleasant odors. While some smells might just be the result of the home’s current occupants (i.e. bad cooking, stinky babies and/or pets, and so on), other smells might signify that there is a serious and underlying issue.

 

 

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Nuisance neighbors

If a real estate agent is hosting an open house, he or she may not know much about the neighbors, but it doesn’t hurt to ask. The homeowner might not be too eager to admit if the neighbors are problematic, either. If you are serious about making an offer on the home, stick around for a while and try to observe who would become your new neighbors. There’s also the irritating, busybody neighbor to look out for.  If your potential soon-to-be home would be next to people that seriously have no life and wouldn’t stop bugging you all the time, stick around for a while—they’re bound to show up.

 

 

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Structural issues

Once again, this may not be something that the real estate agent and/or homeowner may readily admit (or even be aware of), but pay attention to any potential structural issues with the home (uneven flooring, etc.) There are also possible problems that might not be noticeable to you, so remember to always get a home inspection before finalizing a sale.

 

 

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Test random (but important) things

Flushing toilets and turning on water faucets, for example, can allow you see to see if the home has good water pressure. These are the kinds of things that you won’t be able to learn about in a real estate ad, so be sure to test them out before making an offer.

 

 

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Why the home is on the market

It’s always a good idea to find out why the home is for sale. Maybe the owners are relocating for a new job or just a change of scenery. But is something wrong with the house? For example, does it have a creepy backstory and the owners have gotten pretty uncomfortable living there? You may be fine with it, but it’s definitely something you’ll want to know about upfront.

 

 

Are you thinking about buying a home, but need extra cash for your down payment? J.G. Wentworth can help if you’re receiving structured settlement payments. By selling some or all of your future structured settlement payments, you can receive more of your money sooner and in one lump sum. Like many of our other customers have done, you can use that lump sum of cash towards the purchase of a home and make your dreams of becoming a homeowner a reality.

Additionally, we also offer several mortgage options through J.G Wentworth Home Lending. If you’ll need to finance your home purchase, let us find you the loan that best suits your needs. Contact J.G. Wentworth today!

4 overlooked benefits of owning a home

Many people don’t need to think twice about the benefits of owning a home, because there’s one huge advantage that’s pretty obvious: It’s your home. Even if you’ve financed your purchase, a chunk of your monthly payments puts equity in your home and brings you one step closer to owning it free and clear. When you rent, your monthly payments put a roof over your head, but you never see that money again. After all, you’re really just living in someone else’s home, and simply “borrowing” it for a little while.

But the advantage of owning your home doesn’t just end there, and there are so many other benefits that are often overlooked, including: 

Bigger home, smaller monthly payments

If you’ve crunched some numbers, you may have discovered that you could purchase a home in the same area you’re living in at a monthly rate that’s much lower than you’re paying in rent. But a lot of the time, you could also get much more space and for less money. This could mean living in a larger house, as opposed to a smaller apartment, and for less. In other words, the homes that might not be affordable to rent, can actually become affordable when you purchase—especially if you have a large down payment.

You can customize your home to your liking

Whether you’re in the mood for an extreme home makeover or you just want to paint a room, you’ll need permission from a landlord when you’re renting. For obvious reasons, major changes aren’t usually allowed. Expensive upgrades may or may not be, but who would want to spend money to replace old carpet with new hardwood in a home that isn’t even their own? Some landlords are really against any changes, and won’t even allow you to paint. But when you own your own home, you can practically do whatever you want and you don’t need to ask anyone for permission. The only exception could be when it comes to certain outdoor projects—you may need to follow county regulations, apply for permits, and/or receive permission from your HOA. But as long as your request is reasonable, it probably won’t get denied.

Tax benefits

When tax season rolls around, there are a lot of things you can write off as a homeowner, which can help you save money. This includes things like your mortgage interest, property taxes, PMI, and so on. Until you become more familiar with what you can and can’t write off, you might want to meet with an accountant during your first year as a homeowner. 

Protection from inflation

When you rent a home, it’s not unusual for your lease renewal to also come with an increase in monthly rent. It’s almost always unavoidable, especially as the years pass—the cost of most things, especially rental housing, will just continue to go up. But assuming you purchased your home with a fixed-rate mortgage, you’re locked in with that monthly payment for the life of your loan. That means that 10, 15, 20 years from now when average rent prices have gone way up, you will still be paying the same monthly mortgage payment from when you initially purchased your home.

Do you want to buy a home, but need cash for your down payment and closing costs? If you’re receiving annuity payments, J.G. Wentworth may be able to purchase some or all of your future payments and provide you with a lump sum of cash. Receiving your money sooner can make it easier to make a large purchase, such as a home. In addition, J.G. Wentworth can help you with financing. With the mortgages offered through our J.G. Wentworth Home Lending program, we can find a home loan that best suits your needs and budget. Contact J.G. Wentworth today!