January 2019

Found 4 blog entries for January 2019.

Are You Selling a Home? Red Flags to Watch ForHome sellers take a risk when they accept an offer from a buyer. When they sign the contract, they're hoping that the buyer will come through with the money needed to purchase the home. They're also hoping that the buyer will be reasonable throughout the escrow process, which can be long and complicated. If you're a home seller who is hoping for a good experience, watch out for these red flags when considering offers.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Not Pre-Approved

Lenders have a qualification process that helps them determine which home buyers are financially capable of repaying a mortgage. Buyers who are most likely to repay

566 Views, 0 Comments

Liens and Home Buying: Factors to ConsiderWhen people incur debts and own a home, it is possible that they could have a lien placed on the property. A mortgage is a type of lien that uses the home as a guarantee that the homeowner will make timely payments. There are other, less-common types of liens people might encounter, as well. Home buyers should understand how liens work before they start looking for homes or applying for a mortgage. This guide explains what a lien is, what it does, common types of liens, and how they affect homeowners.

For informational purposes only. Always consult with an attorney or financial advisor or before proceeding with any real estate transaction.

1. What Is a Lien?

A lien is an outstanding debt that uses an asset, like a home, for collateral.

814 Views, 0 Comments

Which One? An Adjustable Rate Mortgage or a Fixed Rate Mortgage?At some point most home buyers must decide whether a fixed rate or adjustable rate mortgage is the right mortgage for them. Understanding the differences between these two types of mortgages can help home buyers decide what kind of loan they'd like to get. If you're a home buyer trying to decide on a mortgage, here's what you need to know about fixed rate and adjustable rate mortgages.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Difference Between an Adjustable Rate Mortgage (ARM) and a Fixed Rate Mortgage

A fixed rate mortgage is a mortgage with a rate that will never change over the life of the loan. Fixed rate mortgages typically come in 15

826 Views, 0 Comments

Red Flags to Watch For When Buying A HomeMost home buyers only see a home once or twice before they make an offer on a property. Home buyers who know what to look for find it's easier to identify which homes are a good deal and which homes should be avoided. The following red flags are an indication that something could be wrong with a house.

1. Rooms You Can't Get Into

Sellers who close off parts of the house could be trying to hide something, or they could be making an innocent mistake. Either way, home buyers should never make an offer on a property without having seen the entire house. If some rooms are unavailable for home buyers when they make their initial inspection, it's important to gain access to those rooms before making an offer.

2. Cracks in the Foundation

Cracks

896 Views, 0 Comments