Why Sell or Buy a Home in Winter?
Why would any article discuss how to sell a home in winter? Besides some surprising strategic rationale (which we’ll discuss in a moment), the reasons are simple:
Rent A Home to Live in Or Buy a Home to Live in?
When a real estate investor or consumer puts money in the residence where he or she will live, that investment is often among the most expensive that he or she will make. This article will shed light on some of the more significant considerations that need to be made by the investor or consumer as he or she assesses and answers the ultimate question: should I purchase a home to live in or rent a home to live in?
Is a Mortgage That’s Been Pre-Approved Guaranteed to Fund?
In the real estate lending world there is typically something called a “Pre-Approval” letter or a “Pre-Qualification” letter. The purpose of these letters is to communicate to the parties in the transaction that the borrower (whoever is trying to get financing), based on preliminary information supplied to the lender, will successfully obtain funding of the mortgage for which the borrower has applied.
Additional Facts Surrounding Reverse Mortgages
In our May 2015 newsletter article “Understanding Reverse Mortgages,” we presented an overview of what reverse mortgages are all about. We described briefly some of the features of a reverse mortgage: how a reverse mortgage works, how borrower eligibility works (and what it takes to qualify for a reverse mortgage), and we touched on some of the benefits afforded to a prospective borrower by a reverse mortgage. The purpose of this article is to provide further detail on reverse mortgages and how they aid a borrower in reaching their financial goals.
Rent-to-Own Home Purchase
If you’re like me, then this is probably not the first time you’ve ever heard of rent-to-own as an alternative to more traditional methods of home purchase. Rent-to-own is frequently advertised as an option for those folks who are precluded from buying a home because of credit issues or the inability to come up with the cash for a down-payment.
The Hidden Costs Of Homeownership
Have you just closed on the purchase of your first home? If so, then a congratulations is in order! After years of dreaming and planning for what it would be like to finally have your very own home the dream has become a reality. You can now claim your own little piece of heaven!
Tips for Making It Easier To Buy a Home
Buying a home can be a complex issue in itself and that’s on top of just being able to afford it. Here are some tips to bring it closer to reality.
Understanding Reverse Mortgages
Reverse Mortgages are usually marketed in an appealing way. This could lead to someone asking how is it possible to pay a mortgage in reverse?
A reverse mortgage (also known as HECM, Home Equity Conversion Mortgage) works much like a regular mortgage but instead of you making a payment each month to the lender, the lender sends you a payment.