What is 7/6 ARM
Gov't Will Cover Cost To Install Solar Panels In These Zip Codes
If you own a home and pay more than $99/month for power, you should read this now.
See If You Qualify
Mortgage Contingency
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
what is pre-foreclosure
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
Condo vs coop
Condo vs Co-op Mortgages - Key Differences and Considerations for Owners & Investors
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.
what is a real estate broker
The Role of a Real Estate Broker in Your Home Buying or Selling Process
Home Insurance Companies
4 Ways Real Estate Agents Support Home Insurance Companies
FHA construction loan
Pros and Cons of FHA Construction Loans for First-Time Homeowners
HELOC
Everything You Need to Know About HELOC and Rental Properties
joint ownership with right of survivorship
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. Source: Statista 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 spous
Home Loan
DSCR Loans: What Are They?
If you are a property developer or a realty investor searching for a simple and expeditious mortgage, the debt service coverage ratio or DSCR loans might be a practical choice. This kind of loan is appropriate for a cash flow produced by investing in a property, which speeds up the process since it does not require strict conditions such as information on your employment, pay stubs, or income tax returns. The typical process in assessing if the borrower will be eligible for financing is to eva
Buying a Home
Buying Foreclosed Homes: Steps, Risks, and Potential Rewards
Purchasing a foreclosed home can be a smart way to save money on a property while at the same time supporting a community by preventing vacant homes from falling into disrepair. However, buying a foreclosed property is not the same as purchasing a standard home. There are more risks involved, and parts of the process might be unfamiliar even to experienced homebuyers. In this article, we will discuss how to buy foreclosed property, the steps you need to take, and highlight the potential risks
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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.