Browsing Tag

FAQ

Buying a Home

From the FAQ File: Countertops, Cabinets & Other Fixtures

February 15, 2018
kitchen countertop

Q: What brand of countertops does Richmond American use?  A: Countertops vary by market, but they’re typically offered in a variety of popular colors, materials and brands, including granite and Silestone® quartz. Contact your local Home Gallery™ for more details on what’s available near you. Q: What brand of cabinets does Richmond American use?  A: Each of our markets has a different cabinet manufacturer, such as Aristokraft®, Mastercraft® or Timberlake®. Wherever you build, you’ll be sure to have a variety of cabinet finishes, styles and wood species…

Continue Reading

Share this article

Local Stories

5 FAQs on Home is Possible

August 9, 2017
Home is possible

Saving up for a down payment on a new home in Nevada? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may help make your dream home a reality! What’s Home is Possible? It’s a grant from the Nevada Housing Division that may be used toward a down payment on a qualified home purchase. Typical program participants receive 3% to 4% of the total mortgage amount; a 5% grant is offered on conventional loans. Heroes (veterans, active service members and surviving spouses) may opt…

Continue Reading

Share this article

Financing & Insuring

What Does Home Insurance Cover?

July 13, 2017

Insurance is a crucial part of being a homeowner. In fact, most mortgage lenders require that buyers carry a homeowner’s insurance policy. While policies may vary, there are certain items and events that are typically covered in many policies. Typically covered: Dwelling Coverage Dwelling coverage includes the actual structure of the home. This means walls, flooring, doors, etc. Other Structures This protects structures not physically attached to your home such as an unattached garage or shed. Personal Liability Homeowner’s insurance covers the physical home, but…

Continue Reading

Share this article

Buying a Home

Cost Comparison: Rent or Buy

April 10, 2017
Couple calculating finances

There are many benefits to being a homeowner. From a purely financial perspective, there are tools to help determine the cost of renting versus buying a home. Comparing the cost of renting to buying usually depends on key factors, such as budgeted monthly rent, target home price, the length of time you plan to live in the home and what your mortgage rate would be. Estimating these values can help determine if buying is financially advantageous. In addition to the actual buying costs, it is…

Continue Reading

Share this article

Local Stories

5 FAQs on Home in Five

March 21, 2017
Home in Five: Smiling couple in front of moving boxes

Saving up for a down payment on a new home in Maricopa County? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may give you the boost you need to move up your moving day! What’s Home in Five? It’s a grant from the Phoenix and Maricopa industrial development authorities (IDA) that may be used toward a down payment and/or closing costs on a qualified home purchase. Typical program participants receive 2.5 to 3.5% of the total mortgage amount; members of the military, first…

Continue Reading

Share this article