Families move for many reasons some happy such as job transfer, and others. Not so happy when moving because divorce causes financial problems, and it is as disruptive as moving. Just like how it is with the parents, the experience can be even more traumatic for children. Here are a few tips to make theContinue reading “Preparing Children For a Move”
Category Archives: Real Estate Tips
Using Your Home For Collateral
Is using your home for collateral on a loan a good idea? Well, before you think about refinancing take out a second mortgage or a home equity loan consider your options talk to an attorney or financial advisor before making any decisions about borrowing money using your home as collateral at high-interest rates. Credit cardContinue reading “Using Your Home For Collateral”
Mistakes Buyers Make in a Seller’s Market
The home buying process moves quickly in a seller’s market with sellers asking top dollar getting multiple offers on their homes and available inventory shrinking. It’s easy for a home buyer to become frustrated. Here are some common mistakes buyers make in a seller’s market. Not being pre-approved for a mortgage Mortgage pre-approval is crucialContinue reading “Mistakes Buyers Make in a Seller’s Market”
What is a Quitclaim Deed?
A deed transfers ownership of a property from one party to another. Warranty deeds and quitclaim deeds are the two most common kinds of quitclaim deed that makes no assurance. That the property is free and clear of any liens or encumbrances and provides far less protection to the recipient of the property. Read Also: WhatContinue reading “What is a Quitclaim Deed?”
What is an Easement?
An easement is a legal arrangement where the owner of a property grants someone else. The right to use their property in some way without the owner giving up legal title to the land. The most common easements are those granted, the public utility companies. They have an easement through private property to maintain equipmentContinue reading “What is an Easement?”
Benefits of Selling Your Home During the Holidays
Many sellers avoid putting their homes on the market during the holidays, but real estate professionals know that the holiday season is a great time to sell lower inventory. During the holidays means buyers have fewer homes to choose from and this can create competition among buyers and lead to higher sales prices buyers whoContinue reading “Benefits of Selling Your Home During the Holidays”
Tips For First-time Homebuyers
Deciding to purchase your first home is exciting, but you probably also have lots of questions. Here are some tips for first-time homebuyers. Start by checking your credit score. Good credit is one of the most important factors to qualify for a loan these days. Before you start looking at houses, you’ll want to knowContinue reading “Tips For First-time Homebuyers”
Buyer’s Responsibilities During the Lending Process
When applying for a mortgage, everyone wants the process to be as seamless as possible as a borrower. Your biggest responsibilities, are, to be honest, and to provide all the information your lender requires in a timely fashion. Never overstate your income or how long you have been employed. Never overstate your assets and accuratelyContinue reading “Buyer’s Responsibilities During the Lending Process”
Ways a Buyer Can Lose Their Earnest Money
When a buyer makes an offer they typically make an earnest money deposit to demonstrate that they are serious and these funds are held in an escrow account until closing when making an offer, it’s in the buyers. Read Also: ARM versus Fixed-Rate Mortgages Ways a Buyer Can Lose Their Earnest Money Best interest to includeContinue reading “Ways a Buyer Can Lose Their Earnest Money”
ARM versus Fixed-Rate Mortgages
Adjustable versus fixed-rate mortgages is a fixed or adjustable-rate mortgage right for you. Let’s take a look at the pros and cons. A fixed-rate mortgage has the same interest rate, and monthly payment the entire term of the loan, which is usually 15 or 30 years if rates rise. The borrower is protected against anContinue reading “ARM versus Fixed-Rate Mortgages”
