Home Buying

Here's What a Home Inspector Can't Tell You

Many buyers head into the home inspection with the idea that afterward they will know everything about the home, but this is not a realistic expectation. Instead, you should keep in mind that home inspectors are professionals that look for specific indicators and are bound by a set rules regarding their findings. Although every buyer is understandably focused on what's in the report, in some ways it is just as important to understand what isn't covered as what is. Keep reading to learn about a few of the items that you shouldn't expect to be covered in the home inspection.

Stop Following This Bad Home Buying Advice

When dealing with a decision as stressful as buying a home, it's understandable that you might become receptive to any and all advice. Of course, following bad advice will only make an already difficult process even harder, so it's important to filter out the valuable information from the noise. In this post, you can learn about some of the bad pieces of advice which often hold buyers back from making the right decision in their home search.

Buyers, Don't Panic If Your Credit Score Falls

After finally purchasing a home, buyers are often dismayed to find that their credit score has taken a significant dip. If you just spent the last year working to boost your score and qualify for a mortgage, then it's understandable to be a little concerned at seeing it suddenly fall. To make the situation even more confusing, this decline often lags several months behind the home purchase, raising doubts about what actually caused it to happen. Luckily, a new study by LendingTree shows that a drop in credit score following a home purchase is not only normal, but generally corrects itself in less than one year! Keep reading to learn why scores fall after buying a home, how large you should expect the decline to be, and when you can expect the score to return to normal.