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”
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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”
About the Fair Credit Reporting Act
Your credit history is an important factor that’s taken into consideration when you apply for a mortgage, soaking sure the information in your credit report is accurate is essential. Here is a summary of your rights under the fair credit reporting act. Read Also: Reasons Why People Choose To Move You must be told if informationContinue reading “About the Fair Credit Reporting Act”
Reasons Why People Choose To Move
The average amount of time a homeowner stays in a home is 10 years. Here are some reasons why people might choose to move. One of the most common reasons is a job transfer, which makes it necessary to move closer to a new place of the employment relationship. Changes are also a motivating factor,Continue reading “Reasons Why People Choose To Move”
65-72 Ellwell Cres, Rego Park, NY 11374 (Sold)
Beautiful House in the heart of Rego Park! First Floor Features Master Bedroom, Master Bath, Family Room, Powder Room, Guest Quarters. Granite Countertops, Hardwood Floors as seen, Security System, Storage, Basement Finished. Close to Shops, Park, Public Transit & Schools! 5 BIG REASONS TO CALL ANNIE & STEVE’S TEAM TO SELL YOUR HOME: 1.) WEContinue reading “65-72 Ellwell Cres, Rego Park, NY 11374 (Sold)”
99-05 63 Drive #5U, Rego Park, NY 11374 (Sold)
Beautiful One Bedroom Coop in the heart of Rego Park! So Many Amenities: 24 Hour Doorman, Laundry Room, Bike Room, Cold Storage, Wheel Chair Access, Live in Super, Gym & Children’s Playroom. Features Living/ Dining Room, Full Bath, Separate Kitchen, and One Bedroom. Do Not Miss Out! Price Adjustment! 1.) WE HAVE BUYERS IN WAITINGContinue reading “99-05 63 Drive #5U, Rego Park, NY 11374 (Sold)”
What Is An Assumable Mortgage?
What is an assumable mortgage? An assumable mortgage is an agreement where a home buyer takes over the existing mortgage of the seller as long as the lender of the mortgage approves with an assumable mortgage. The seller of the property remains secondarily liable for payment of the mortgage unless they are released in writingContinue reading “What Is An Assumable Mortgage?”
What Is the Mortgage Underwriting Process?
Underwriting is a process lenders used to assess risk before agreeing to approve a loan. The underwriting process verifies that the borrower’s property and the documentation all meet the lender’s requirements for the requested mortgage. A lender’s underwriter will typically verify the borrower’s income and check their credit score with the major credit bureaus. TheContinue reading “What Is the Mortgage Underwriting Process?”
Is Bridge Loan Right For You?
What is a bridge loan? A bridge loan is basically a short-term loan that a homeowner can use to bridge the gap between two transactions typically the buying of one house and the selling of another. Bridge loans are temporary in nature usually with maximum terms of 6 to 12 months. Bridge loans are typicallyContinue reading “Is Bridge Loan Right For You?”
What Is A Seller Disclosure?
Understanding seller disclosures most states require sellers to disclose any known defects and material facts about the property. They’re selling while the extent of these disclosures varies from state to state. The disclosures are the home owner’s responsibility and not the realtors in many states. It is illegal for a seller to conceal major defectsContinue reading “What Is A Seller Disclosure?”
