5/1 ARM Loan – Complete Guide
If you are looking for a mortgage loan that offers a lower interest rate and monthly payment, you may want to consider a 5/1 ARM loan. This type of loan is becoming increasingly popular, as it offers borrowers more flexibility than traditional fixed-rate mortgages. However, there are some pros and cons to consider before deciding […]
680 Credit Score – Pros & Cons
A credit score is a mathematical rating that measures an individual’s likelihood to pay back a debt. Good credit scores often lie between 300 and 850, meaning that the person borrowing is lower risk and will probably make timely payments. Lenders use these scores frequently to help determine the possibility that an individual will pay […]
Harp Replacement Program: What You Should Know
The HARP program was created in response to the 2008 housing crisis and helped homeowners avoid foreclosure by refinancing their underwater mortgages. The end of this temporary measure means there is now an increased need for harp replacement programs that will fill up any gaps left behind for struggling families. If you are looking to […]
40-Year Mortgage: Pros & Cons
Is a forty year mortgage even a thing? It’s hard to believe, but it is. However, don’t beat yourself up for not knowing about it. The forty year mortgage isn’t your everyday type of mortgage. Therefore, it’s easy to see why it may sound strange. This blog will explain the basics of a 40-year mortgage, […]
Questions to Ask When Buying a Home
Purchasing a home is an exhilarating experience, especially for first-time homebuyers. Nonetheless, because buying a house is a significant commitment, you must prepare your mind and finances. Locating a suitable home takes extensive research. As part of your due diligence you should ask relevant questions. By doing so, you can be confident in your decision. […]
What Is Earnest Money And How Much Do You Need
Before the sale of a property can be sanctioned between a buyer and a seller, there has to be a proper negotiation. Apart from that, as a buyer, you must maintain good faith and seriousness for it to pull through. That takes us to the highlight of this guide. If you’re ready to make an […]
Putting a Home In a Trust: All You Need to Know
If you’ve been a homeowner for over a few years, there comes a time when you seriously have to consider what happens to your property when you die. It’s not a very cheerful topic but crucial nonetheless. For older people, plans may already exist in their general will as to who gets to have their […]
Inspection vs. Appraisal: What Is the Difference?
As a new real estate investor, it’s best to acquaint yourself with the terms inspection and appraisal because these are two vital prerequisites for a successful home buying process. Every real estate transaction will have to go through the appraisal and home inspection process because it’s best to evaluate a property under consideration before signing […]
What Is Fee Simple Estate Ownership?
Owning a real estate property is a thing of joy. However, to make this excitement all encompassing, you’ll need full ownership of the structure in question. Here, you can do what you want without worrying about problems with your landlord. In real estate, you get this freedom through fee simple ownership. If you intend to […]
How to Buy a House at Auction
Newsflash: a bargain isn’t always a bargain at auctions. Often, you pay too much and once the euphoria of winning goes away, you can’t escape that sinking feeling: “this house isn’t worth its price.” Don’t beat yourself up. You aren’t the only person to explore buying a house at auction without knowing how to buy […]