Not too long ago, loan applicants needed little to no documentation to be approved for a home loan. Things are quite a bit different now, and most lenders require applicants to have stellar credit and a healthy down-payment at the ready. While it may be tougher to be approved for a conventional loan, the Federal Housing Administration (FHA) offers hope for those with credit and cash woes. Read on to learn more about what's great about FHA loans when you're looking to buy a property.
12 November 2018
Owning a vacation home is a great way to break up the monotony of daily life. It feels good to know that no matter how hard you work during certain seasons of the year, you can look forward to enjoying a change of scenery by going to your vacation home at designated times during the year. If you're in the market for a vacation home, going with a beachside location might seem to be the obvious choice.
14 September 2018
After years of scrimping, saving, and daydreaming, you are finally ready to buy your first home. Congratulations! Before you head off with you real estate agent in naive wonder, there are three key points to remember when you are shopping for your dream home. Don't Expect It to be Perfect You may want a four-bedroom house with a first-floor master and three full bathrooms that faces south with a walkout basement and a corner lot, but actually finding that exact house in your chosen area and desired price range is a completely different thing.
23 June 2018
When it comes to the sales price of a home, you should know that a difference of a few thousand dollars will make a huge impact on the final cost of the home once you adjust for interest. For buyers looking for a bargain, there are a few reg flags that indicate the seller is more than ready to sell at a good price. Read on to get a better idea about gauging the desperation of a home seller.
25 March 2018
Whether you are starting a new business or your current business is growing, commercial leasing is something you will likely have to deal with at some point. In many areas, leasing a building is the only choice if you want your business to operate in the area of your choosing. Commercial buildings are expensive to purchase, and a lease is often the more economical option. However, leasing a commercial property can be quite the process.
7 February 2018
When you consider all the information about almost any subject available for all to see on the internet, you may begin to think that you don't need professionals at all. You can diagnose your own medical issues, fix your own appliances and sell your home yourself. While it is technically possible to do all those things, it is not advisable. There is a good reason professionals exist, and you might only figure that out the hard way if you persist in carrying that do-it-yourself idea a bit too far.
6 January 2018
The real estate industry is full of terms whose meanings aren't necessarily clear to outsiders. If you are buying a home, you will undoubtedly meet some f these terms, for example, in the purchase contract. Here are some of those terms, their meanings, as well as significance: Effective Date The effective date is the date on which the last party has communicated their acceptance of the terms to the other party.
15 December 2017