When building a new home, there are several features that come standard that can significantly reduce energy consumption and lower expenses over time. People normally refer to appliances when evaluating energy efficiency, but there are many building materials that involve energy utilization. The following are some Texas new home energy saving ideas to consider.
The home purchasing and selling steps are elaborate enough to begin with. Real estate terminology can complicate it further, particularly if you are a first time buyer. Below you will find definitions on popular real estate terminology in Texas. This may help you better comprehend the buying and selling process.
The maximum amount you can spend on your new home loan can easily be determined by a mortgage lender. How much you should spend is more personal and depends on your new home needs, budget and financial goals.
When you are pre-approved for a home loan, it is based on a certain recurring payment. The mortgage rate is assumed (in addition to other figures such as property taxes and property insurance). Mortgage rate fluctuations affect mortgage pre-approvals since it impacts the principal and interest component of the monthly payment. It is useful for home buyers to understand this because a fluctuation in rates can impact purchase price limits.
Closing costs typically include charges required by lenders and other parties. Pre-paid costs and escrows are also included in settlement statements and are frequently referred to as closing costs, but are actually a separate category. Information on pre-paid expenses and escrows for Gehan Homes closings is provided in this article.
It is useful to find out what is included in your Gehan Homes monthly home loan payments for budgeting purposes. The acronym PITI is commonly used to remember the items, which are principal, interest, taxes, and insurance. All mortgages do not automatically include each of these. It will vary based on your specific loan.
Personal finances play a large role in home loan pre-approvals. All lenders evaluate your assets, earnings, credit score and existing debts. These determine whether you qualify for a mortgage and for what amount. Below is information on income to debt ratio for Texas mortgage pre-approvals.
It is especially helpful to use Gehan Homes preferred lender. Their team of mortgage professionals will guide you through every step of the mortgage process.
There are several major distinct steps in the real estate purchase process, and several relate to the mortgage. It may be confusing for both first time and repeat home buyers. This blog offers important information on mortgage steps for buying your new Gehan Home and covers what you may want to know prior to starting the process.
Texas Home Buyer Relocation Advice
Moving to a new community can be stressful. There are several factors to take into account including rating of local schools, local amenities, crime levels, tax rates and commuting to employment. The following is some useful advice when relocating to a new Gehan Home.
Minimizing energy usage in your new Gehan Home is not only good for the environment but will also reduce your expenses. There are things that you can do all year long. Below you will find ways to reduce energy use in your new home.
There are different things that you may do to get ready for the home loan process. An especially crucial one is to look through your credit scores ahead of time as it affects your mortgage alternatives and interest rate.
Gehan Homes is now offering their latest series of new floor plans in two exciting communities in the Houston area. With 6 new home plans ranging from 1,500 to over 2,300 square feet, this lineup of homes is designed for the first time homebuyer, empty nester or anyone looking for a new home at a great value.
As the Holidays approach, we are each reminded how much we have to be thankful for. Sometimes it is easy to take necessities like food, shelter and clothing for granted. These are just some of the few things the Red Cross provides to thousands of disaster victims each year. Gehan Homes is honored to be a partner of the American Red Cross, an organization that has provided assistance in the face of the many challenges faced in 2017.
For the 5th year in a row, Gehan Homes pledged to donate $250 for every home sold during the month of October, to the Susan G. Komen Foundation. This year we were honored to present a check to them in the amount of $27,750. This brings our total donation amount to $122,000 toward a cure for breast cancer!
This Saturday, Gehan Homes participated in The Susan G. Komen Race for the Cure®. This was our team’s third year in a row participating. We had a great time bonding as a group, while raising money that will be allocated to the Komen mission. We were honored to walk in honor of survivors and in remembrance of those who have lost their fight.
Gehan Homes is consistently recognized for our outstanding customer service, beautiful home designs and engaging marketing campaigns. This week, Gehan Homes was awarded a 2017 Home Shopper’s Choice Award from Hot on Homes for “Best Use of Personalized Emails”!