propertydevelopment

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...
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...
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 ...