Your home is most likely the single biggest asset you own, and can make the decision to refinance a difficult one. Also, a home is most often filled with the owner’s personal touches and contains many memories. You might ask what the heck family memories have to do with a home refinance. Good question. If you find yourself at the…
Tag: Closing
Closing Costs When Buying A Home
Closing costs are often the last thing a person thinks of when buying a home. While closing is the joyous moment the home becomes yours, the costs can be surprisingly aggravating. When you purchase a home, condo or other property, you will go through a period known as escrow. During escrow, various issues related to the property transfer are worked…
How To Get Cash Back When You Buy A Home
While buying a house is a huge investment, it can also be a way to save money. Programs offering cash back on real estate have become extremely popular and are available to most people, no matter whether they are buying a house by themselves or through a REALTOR, and regardless of whether this is their first home or a commercial…
Nothing Down
Nothing down? Exactly why would a seller want to walk away from closing with nothing? The truth is, they normally wouldn’t, and that brings up the most important point about real estate investing with no downpayment: A seller almost always needs cash at closing, but it doesn’t have to be YOUR cash. Nothing Down – A Few Ways Sometimes sellers…
Assumption Assuming A Mortgage
An assumption is the agreement between the buyer and the seller where the buyer takes over the payments on an existing mortgage from the seller. Assuming a mortgage can usually save the buyer money since this is an existing mortgage debt, unlike a new mortgage where closing costs and new, probably higher, market rate interest charges will apply. This type…
How To Get Started In Commercial Real Estate Investing
Commercial real estate investing can be very rewarding for those who take the time and effort to approach it wisely, but it can be a trap for those who rush in without doing their homework properly. Too often, investors rush into buying a property for all the wrong reasons – “it’s a good deal,” a “bargain opportunity” and the list…
Budget For Closing Costs Home Inspection And Title Fees
Purchasing a home is a euphoric event. Once escrow begins, the euphoria can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Budget for Closing Costs – Home Inspection and Title Fees Closing costs simply refer to the fees associated with various things associated with the escrow process in a real estate transaction.…
Three Party Closings In Real Estate
One of the ways to make money in real estate is to move property as quickly as possible. Jumping from one home to another often leads to a double closing situation. Three Party Closings In Real Estate Traditional home sales involve two parties, a buyer and seller. You may, however, run into a situation where there are actually three parties…
A Reliable Loan With Extra Earnings
In its loan programme you get the loan for manufacturing your home, in this program secured loan provides financing for mobile and manufactured homes. Negotiable collateral loan, in which secured loan provides low rate financing by using your stocks, bonds, saving accounts, or CDs for collateral, while you keep earning on your investments. Miscellaneous Secured Loans Uses your purchase as…
Three Steps To Getting In The Right Financial Shape To Buy Or Refinance A House
As a loan officer, I talk to people day in and day out and no matter how diverse my clients are I always end up asking the same question: What’s your credit like? The more savvy clients i.e. the ones who have bought or refinanced a home before, know exactly how good their credit is and know that every loan…