USALLIANCE Blog

Buying a home may seem like a great investment that will help build wealth. Though many American adults dream of purchasing houses adorned with white picket fences in picturesque neighborhoods, they’re often unfamiliar with the numerous risks and unanticipated costs of homeownership. 

No one can account for every unforeseen obstacle on the path to homeownership. Still, there are steps you can take to keep your home buying adventure on the rails—one of the most critical steps in getting your mortgage pre-qualification letter.

If you’re in the market for a new home, don’t forget to include an inspection contingency in your contract. A professional home inspection can save you a ton of aggravation, and thousands of dollars in the long run. The inspector will carefully examine the entire house, checking its systems, structure, and equipment for functionality and potential problems.

Homeowners insurance is designed to protect you and your family members from liability and cover your home, plus possessions, in the event of disaster or theft.

Your home will likely mean many things over the course of your time living in it — dinners with friends, milestones with your children and/or partner, and a place of refuge when you need a break from the outside world.

Q:Should I take advantage of the dropping interest rates by refinancing my mortgage?

A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage on the same home, often at a lower interest rate. It may sound like a no-brainer, but there are many factors to consider.

Is it a good time to refinance?

Buying a home is a major life milestone. It’s a huge financial commitment and a commitment to your future. As such, it can bring up any number of emotions — excitement, hope, fear — all of which can add stress to an already heavy decision.

Home renovations can be rather pricy, depending on what you’re looking to do. Luckily, USALLIANCE has financing options for every price range. Here are 4 ways you can finance your home renovation with USALLIANCE.

Cut your energy costs this summer by making your home smarter!

You’re ready to purchase a home of your very own, but it seems like you’re being asked to provide an awful lot of personal information to your lender. Is this really necessary? Short answer? Yes. Even if you’re already an established member of USALLIANCE and we have your information, there are still some documents you’ll need to provide and questions you’ll need to answer in order to be approved for your loan. And, it’s not just USALLIANCE that will ask so many questions; every home lender will request similar information to process a home loan.