Although some general real estate primers may suggest otherwise, putting your house up for sale by owner isn’t always an advantageous tactic. While it’s possible that you might sell your home without having to roll out commission for a real estate agent, you might fall into one of dozens of general real estate pitfalls. While...
Real Estate Loans
If you’re looking for advice on real estate loans or simply buying/renting a home, you’ve come to the right place. Whether you’re looking for info about appraising a house, listing a property, or applying for a home loan mortgage, you’ll find what you need in these articles.
Unless you just so happen to drive by the home of your dreams as the owner puts the sale sign in the yard, it’s no secret that finding the right house to buy takes effort. Although the process is not difficult by any means, it can take time to find real estate that feels like...
When it comes to your home loan payment, PITI is an important acronym. Your home mortgage payment can basically be lumped into four kinds of costs: Your principal: the total amount of cash you borrow from the lender Your interest: the amount the lender charges you to use the money to buy the house The...
With some home loans, a mortgage prepayment penalty comes into effect when you pay off the balance of your loan prior to it coming due. For instance, if you owe $2,500 a month on your mortgage, and you decide to pay $5,000 during one month to get ahead on your payments, your lender may charge...
When you apply for a home loan, a lender is required to provide what’s know as a mortgage good faith estimate, often abbreviated as GFE, to you within three days or less. This stipulation is set forth by the Real Estate Settlement Procedures Act, RESPA for short. The provision says that a lender must present...
Although the general real estate market can be fickle, it’s generally in your advantage to buy your home rather than rent your home. Let’s analyze the reasons why buying is preferable. The primary reason to invest in general real estate is to create what’s known as equity. The money that goes into your home actually...
Anyone who owns a home needs to be aware of homeowner federal deductions. Make no mistake — a mortgage on a home or property is a liability. However, just because you’re spending a significant amount of your monthly income on mortgage payments and property taxes doesn’t mean that you are without options to save. Indeed,...
Choosing a mortgage home loan lender is an important decision. A lot of your financial futures rides on your home loan. Shopping for a lender, therefore, is a critical piece of your long-term financial puzzle. Selecting a Mortgage Home Loan Lender When selecting your lender, you can go with national, trusted brands, such as large...
For most American’s, the choice comes down to mortgage buy or rent home. American’s must decide whether it is worthwhile to take on the cost of mortgage debt in order to buy a dream home or whether they are better off renting a home instead. There are many pros of buying a home, however there...
A house appraisal is an estimated valuation of a home given by a certified professional appraiser. It can be used by a home seller who needs help pricing his house. It can also be used by a home buyer who wants to make sure he is investing wisely and getting a good deal. What is...