Archive for the Homebuying Category

Save money during the holidays with these five simple tips

Whether you’re filled with holiday spirit or are a self-declared scrooge, the “most wonderful time of the year” can also be very expensive. If purchasing a home is on your wish list, here are five tips for saving money this holiday season: Make a holiday budget: It’s important to keep a budget year-round but creating a separate budget during the holidays can help you set and maintain realistic spending goals. Need help? Check out this budget tracker. Use cash: While it’s tempting to use your credit cards to shop for […]

Read More

Don’t fear these lending terms this Halloween

This Halloween, let’s take the fear out of these unfamiliar homeownership terms: • Lender: A lender makes loans to people of all kinds. Different lenders offer different types of loans. INHP helps you explore loan options with multiple lenders. • Down payment: The amount of the home’s purchase price that a buyer must pay using his or her own money. The remaining purchase price is typically funded by a mortgage loan. • Principal: The amount of money borrowed to buy a house, not including the down payment. • Interest rate: […]

Read More

Think you can’t save for a home? Three simple steps to stash your cash

It’s fun to picture yourself in a new home. But wondering how you’d save enough money for a down payment can put a damper on your dream. Saving for a home, even with a limited budget, is possible. Here are three simple steps to help you start saving today. Pay yourself first. Believe it or not, paying yourself first is a good first step to saving for a home. Download INHP’s budget worksheet to analyze your current monthly spending and determine how much you can pay yourself. Discover you can […]

Read More

Buying a home? Three things to know before you seal the deal.

The process of buying a home can feel very overwhelming. From unfamiliar lending terms to sharing personal information, finding someone you trust to help you make such a significant purchase is important. Here are three things you can do to ensure you don’t get taken advantage of during your journey to homeownership:  Learn how to spot a scam. Predatory lending happens when the loan benefits the lender at the expense of the borrower. If the interest rate seems too good to be true, the lender is pressuring you to act […]

Read More

Homeownership is possible with INHP

It can be difficult to save for a home. The trusted experts at INHP are here to help. INHP offers up to $5,000 in down payment assistance funds to qualifying homebuyers* who choose to finance their home with an INHP mortgage product. Down payment assistance funds may be used for closing costs and other pre-paid lending expenses like homeowner’s association dues or insurance. Did you know? The amount of money you put down toward a home purchase impacts the amount you’ll need to finance with a home mortgage – which impacts […]

Read More

INHP’s Presidents Day offer: Saving your Benjamins

Everywhere you look, it seems like there’s a Presidents Day sale promising to save you money, offering everything from cars to mattresses. But what if you don’t have a garage to pull that new car into, or a big enough bedroom to fit a King-sized mattress? Maybe it’s time to consider saving for a new home this Presidents Day. The good news is that INHP can help save you some Benjamins along the way. If you are ready to begin your homeownership journey but aren’t quite sure where to start, […]

Read More

The social benefits of owning a home

June is homeownership month! At INHP, we offer the tools you need to become and remain long-term, successful homeowners. The tools we provide won’t help you tend to your lawn or paint the walls, but instead will help you deal with unexpected expenses when life happens. The benefits of homeownership are also lifelong. Did you know homeownership plays a role in the success of your child’s schooling, encourages active civic participation and improves your own health and well-being? It’s true! Deciding to purchase a home is a very personal choice. If […]

Read More

Three frequently asked questions about INHP’s education courses

By Maggy Staab, homeowner development support associate There’s a lot to keep track of when you’re working toward homeownership, which means INHP gets many questions about our Education Department. We’re here to answer the most commonly asked questions sent our way. Do I have to be in an INHP program to attend INHP’s education courses? Not at all! INHP’s education courses are open to anyone who wants to take them, whether you are actively working with INHP or not. Four courses are offered: Dollars and Sense – Would working on […]

Read More

Three ways to make homebuying your New Year’s resolution

Being “home for the holidays” can take on a whole new meaning when homeownership becomes your 2017 New Year’s resolution. Here are three ways to start that goal in December. Practice good credit through the holiday season Credit scores are crucial to the homebuying process. Purchase gifts within your financial means so you don’t create more work for yourself in the new year. Need advice? INHP’s advisors will help you create a personal homebuying plan to help you improve your credit, reduce debt and save for a down payment. Discuss […]

Read More

Niche Loan Program Helps Homebuyers Finance $15,000 Improvements into Mortgage

Niche Loan Program Helps Homebuyers Finance $15,000 Improvements into Mortgage

If you or someone you know is thinking about buying house that needs some repairs and updates, INHP, the nonprofit homeownership and neighborhood resource, has a unique mortgage option that could be a good fit. This innovative loan program called Revive Indy combines the financing of a home mortgage and a home improvement loan into one convenient fixed-rate package. This is how it works: Buyers can roll up to $15000 in repairs into their mortgage to buy a home. Items could range from repairs identified in the appraisal or inspection […]

Read More
Page 1 of 212