properties

3 minutes read
If there’s one thing homeowners across the United States have in common, it’s the gripe they have about their property taxes. Most homeowners feel as if they pay too much, but not many of them do anything about it. Compare Offers from Several Mortgage Lenders. Did you know that you have the right to appeal your property tax assessment? While the process sounds complicated, there are simple tools you can us...
4 minutes read
If you are in the market to buy an investment home or second home, you should know that your mortgage terms will be different. By different, we mean more costly. There’s one main reason lenders charge you more – it comes down to the risk. Compare Offers from Several Mortgage Lenders. If you are not living in the home that you borrow the money to buy, you are more likely to walk away from it should you end u...
4 minutes read
More homeowners and homebuyers can hope for appraisal-free transactions as Fannie Mae’s property inspection waiver is in full swing. Approvals on conventional loans with no appraisal are expected to climb, reducing the costs and time it takes to get a mortgage. An appraisal is a staple in any refinance or purchase transaction. Lenders normally require it to ensure the home’s value as collateral for the loan...
4 minutes read
Do you avoid investing in real estate because you don’t think you have enough money? You might be surprised to learn that there are several ways that you can go about investing even without a large stash of money. Compare Offers from Several Mortgage Lenders. Whether you plan to buy a property and rent it out, or you want to buy a house and flip it, you can use the following tips to buy a house with little m...
3 minutes read
It’s not everyday that a home is sold in a month or less. Some properties remain unsold on the Multiple Listing Service (MLS) for six months. What if a homeowner has a change of heart and decides to do a cash-out refinance instead? What about the usual cash-out seasoning period? Existing guidelines across most loan programs would say no. They are generally clear about a home not being listed for sale befor...
2 minutes read
Inheriting property can be exciting, but it can also come with a lot of legal paperwork. You can’t just transfer a home over to your name without going through the proper channels. Either the appointed executor of the will or a member of probate court will need to modify the deed to reflect the new ownership. Get Matched with a Lender, Click Here. WHAT IS THE CHAIN OF SUCCESSION? If the deceased didn’t comp...
4 minutes read
Lenders base your interest rate on the riskiness of your loan. Once a lender decides how likely you are to default on your loan, they determine your interest rate. They look at factors such as your credit score, debt-to-income ratio, and type of income. One more factor they consider, though, is the type of home. If it’s not owner-occupied and is an investment, it adds another layer of riskiness for the lender...
6 minutes read
Buying and selling a home has never been as easy as it is today. Most information that has remained solely in the hands of realtors a decade ago are now available to any regular buyer or seller through the networked convenience of the internet. And it is this same generous convergence of business and data that allowed for the development of new tools to help usher a new era of mortgage and real estate. In this ...
3 minutes read
Before you buy a home, you need to know the property’s status. Are there owners out there that still have rights to the property? Does the property have any liens on it? These factors could affect your ability to own the property and even give you a legal nightmare down the road. Get Matched with a Lender, Click Here. Whether you buy a home with cash or you need financing, a title search is important (mandato...
3 minutes read
Choosing a home to buy entails much research on your property of interest. True, the MLS data can provide you enough information you need, but it doesn’t hurt to extend your search and look for the property’s mortgage records. Although not necessary, scouring for further information may lead you to discover certain aspects of the property that can affect how you write your purchase contract. WHAT TYPE OF ...