Construction Loan
Why Is My Electric Bill So High with Solar Panels? Common Reasons Explained
Why Is My Electric Bill So High with Solar Panels? Common Reasons Explained.
You got on the solar wagon with a good cause. The most appealing benefit of turning nature's free energy into useful energy, packaged in an ever-inexpensive product that boosts your 'green' information, is that your power expenses can not only be reduced, but you may even wind up earning a monthly profit!
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Buying a Home
A Quick Guide to Securing a Mortgage for a Deed-Restricted House
Purchasing a home is one of the most significant financial decisions many people make during their lives. One option that may present itself when searching for a home is to buy a property in a deed-restricted community. This guide will provide an overview of how to secure a mortgage for a deed-restricted house, covering several essential topics. Stay with us to learn more. Get A Free Mortgage Quote What Is a Deed-Restricted Community? A deed-restricted community is a neighborhood or de
Home Improvement
ARV in Real Estate: How it Influences Home Purchase Decisions
Real estate investment has significantly evolved over the years, providing home buyers, real estate agents, and investors with numerous opportunities to capitalize on property value. One of the key concepts in real estate investment is the After Repair Value (ARV), which greatly influences home purchase decisions. This article will discuss what ARV is, how it is calculated, and its impact on home purchase decisions in the real estate industry. Get A Free Mortgage Quote What Is ARV in Re
Home Buying
Buying a Home in Pre-Foreclosure -Opportunities and Risks for Investors
Pre-foreclosure properties are becoming popular among savvy investors seeking a bargain in the market. But what is pre-foreclosure, and how can investors benefit from this unique opportunity financially? Are there any risks involved? In this quick guide, we'll discuss the potential opportunities and risks investors should consider before purchasing pre-foreclosure properties. Get A Free Mortgage Quote Understanding Pre-Foreclosure Foreclosure occurs when a homeowner defaults on their
Fundamentals
A Quick Guide to Joint Tenancy With Right of Ownership
As the allure of investing money in something tangible increases, the US has seen a gradual increase in homeownership rates since its dip in2016. In 2022 and 2023, the rate of house ownership reached the highest level since 2011. This includes properties owned individually as well as joint tenancy with right of survivorship. At the end of 2022, the rate of owner-occupied households stood at 65.9%. A majority of property owners have some sort of legacy plan where the spouse will get ownership o
Buying a Home
Condo vs Co-op Mortgages - Key Differences and Considerations for Owners & Investors
When it comes to real estate, condominiums (condos) and cooperative housing (co-ops) are popular choices for homebuyers and investors. These two forms of shared ownership have distinct characteristics that can significantly impact the way you finance your property. In this article, we will explore the key differences between condo and co-op mortgages, shedding light on their definitions, the fundamental distinctions between the two, and considerations for potential owners and investors. Get
Home Buying
APR Vs. Interest Rate
If you are searching for a home mortgage or using your credit card, you might bump into APR vs Interest Rate stipulations. Both indicate the borrowing cost and can significantly impact your financial decisions. Knowing their differences is essential to making intelligent financial choices. Get A Free Mortgage Quote Interest Rate: What Is It? The interest rate is the amount paid off for the money borrowed from a creditor for a specified period of time. Interest rates are either fixed or
Buying a Home
Mortgage Approval Stages: What Does 'Conditionally Approved' Mean?
Securing homeownership is a significant milestone in life. However, buying a home isn't easy. You must navigate several complex processes and make difficult financial decisions. Lenders have varying terms and conditions. Hence, it can be tricky to find the best provider for your needs, especially if you're unaware of the different stages of approval. In this guide, we'll walk first-time homeowners through the concept of a "conditionally approved" mortgage, explaining what it means in real esta
Getting Started
Understanding Mortgage Contingency When Buying a Real Estate Property
If you're in the market for a new home, you've probably come across the term "contingency" in the context of real estate transactions. In particular, a "mortgage contingency" is a crucial concept to grasp before you embark on the journey of purchasing a property. This article aims to provide a comprehensive understanding of what mortgage contingency means and its significance in the home-buying process. Get A Free Mortgage Quote What Does Contingent Mean in Real Estate? In the realm o
Home Buying
Everything You Need To Know About Short Sale Homes
If you want to invest and purchase a house and search to buy it at a lower price, consider short-sales homes. It is a safer option for sellers and lenders than foreclosure since the properties are frequently valued at a lower market value. However, short sales homes are more complicated than traditional home sales and might be more risky. Before you decide if the short-sale homes are best for you, continue to read below to understand what it is all about and the steps in buying one. Get A
HELOC
Pros and Cons of Home Equity Line of Credit (HELOC) for Homeowners
For many homeowners, the walls that protect and cradle our lives also hold a hidden treasure – home equity. Home equity is the portion of your home that you own. It is calculated by subtracting the outstanding mortgage value from the current market value of your precious property. It's a hidden financial reserve that grows as you pay down your mortgage and as your home appreciates. This financial reserve can be a lifeline in times of need. It can be used to unlock your dreams and aspirations.
Buying a Home
What Is a Tax Assessment on a House?
Tax assessments on houses are not only complicated but can also be confusing and intimidating. They have an immense effect on not only determining your total amount due every year but also on which services you have access to! In this blog post, we'll dive deeper into the intricacies behind house assessments, such as what affects them and when you should consider contesting yours. Read till the end to master all there is about property taxes - from assessing values to understanding exactly whe
Home Buying
Seller Concessions
Purchasing a dream house might entail a complicated process for the seller and the buyer, where both are searching for ways to make the most out of their revenues or restrict the expenses in the buying process. Understanding the market where you want to purchase the property is crucial should you decide on seller concessions. Continue reading below to find out more about the seller concessions. Get A Free Mortgage Quote What Are Seller Concessions? Seller Concessions, often called sel
Buying a Home
How to Buy Foreclosed Property
If you’ve been saving to buy a home but don’t yet have adequate funds to buy a property, you should consider buying a foreclosed property. Read on to learn more about this and the best tips on buying a foreclosed property. Get a Quote What is a Foreclosed Property? A foreclosed property is predominantly a real estate property repossessed by the lender/bank because of the property owner’s inability to make mortgage payments. The legal process takes place when the property owner defaults
Refinance
How to Refinance Your VA Loan With the Rate Reduction Program
A home loans already bring such benefits as lower down payments, no mortgage insurance, and low interest rates, but what happens when rates drop even lower? How can VA homeowners reduce their interest rates? Hello, my name is IRRRL. Get A Free Mortgage Quote Interest Rate Reduction Refinancing Loans An IRRRL is a mortgage product offered by the U.S. Department of Veterans Affairs (VA) to veterans and military families. The loan goes by other names, such as a VA streamline refinance and
Solar Basics
HOA Solar Panel Restrictions
Solar panels and homeowners associations HOA: Questions and answers!
Solar Basics
Solar Panel Maintenance
If you're looking for answers on how to ensure your solar panel system runs at optimum capacity, read further- we'll guide you through some handy tips on maintenance!
Solar Basics
All You Need to Know About Different Solar Inverter Types
In this article, we discuss the different solar inverter types so you can make an informed decision and Invest wisely.
Energy Saving Tips
This Logo Can Save You 20% on Energy Bills
Look for this label if you want energy efficiency, quality assurance, and claims verified by third-party testing.
Solar Basics
Avoid These Solar Scams and Maximize Your Savings
What to watch for when you upgrade your home to affordable solar energy.
