One of the most popular home loan options is the 30-year fixed-rate mortgage. As part of the home loan process, your lender will send you a Closing Disclosure, which shows you many useful information, including the total amount of interest you will be paying over the life of the loan. For example, let’s say you … Read more Should You Get a 30-Year Mortgage?
A title insurance policy protects you against financial losses due to claims against the title not discovered when you purchased the house. It also protects you against defects in the title when you sell your house. When you buy your house, you can purchase title insurance for a one-time fee that covers you for your … Read more What is a Standard vs. Enhanced Title Insurance?
Buying a home will give you a place of your own, and it will also help you to build wealth as your equity in your home grows. If you are planning on buying a home, you need to learn how to prepare for a home purchase so that your finances will be in order when … Read more How to Prepare for a Home Purchase
When you make an offer to purchase a house, you may run into other buyers competing for the same property. In these multiple offers situation, you cannot negotiate too aggressively and have to make your offer stands out from other offers. Here are some of the main levers that you can adjust to make your … Read more How to Make Your Offer More Competitive
A VA loan is a mortgage that is backed by the U.S. Department of Veterans Affairs and issued by private lenders. The key benefits of the VA loan are (1) the ability to purchase with as little as 0% down, (2) better buyer protection through a more rigorous appraisal inspection process, and (3) its relatively … Read more What is a VA Loan?
Do I have to accept a service animal if I have a no pet policy? The Fair Housing Act defines assistance animals as animals that work, assist, or perform tasks for the benefit of a person with a disability, including providing emotional support that alleviates or improves the symptoms or effects of a disability. “Assistance … Read more Leasing Frequently Asked Questions (FAQ)
If you have been thinking about real estate investing but still haven’t put the plan into action, or if you are a seasoned investor looking for more ways to diversify your investments, I want to share a few ways you can invest in real estate. For each method, I will be sharing the advantages and … Read more 10 Ways to Invest in Real Estate
When you are shopping around for a homeowners insurance policy, you need to understand the major components of your policy so that you can make an apple-to-apple comparison. Below is an image showing a typical policy declaration page. The declaration page contains all the vital information at a glance; however, it is still important for … Read more Homeowners Insurance Policy Declaration Page
A short sale happens when the homeowner sells the property at a loss and requests that the lender forgives the remainder of the loan balance. For example, let’s say the house is worth $300,000 and it will cost the owner $21,000 in expenses to sell the property, however, the current market value of the property … Read more What is a Short Sale?
You are thinking about buying a home. There are several things you need to do to get ready for your purchase. One of these things is to figure out what loan to use and who can offer you the best mortgage rate. But you need to understand that the rate is just one component of … Read more How to Get the Best Mortgage Rate