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Appraisal : What is an appraisal |
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on Friday, November 19, 2004 - 09:44 AM PST |
A home purchase is the largest, single investment most people will ever make. Whether it's a primary residence, a second vacation home or an investment, the purchase of real property is a complex financial transaction that requires multiple parties to pull it all off. [read more]
Note: Sponsored by Discount Appraisers |
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Real Estate : The Cost of Your Mortgage Loan |
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on Monday, November 15, 2004 - 11:02 AM PST |
When shopping for a mortgage, the lender may give you a quote for the mortgage interest rate and points (additional fees charged by the lender usually paid at closing by the borrower). These only represent terms available at the time of the quote. They may not be available by the closing date (which may be weeks or months in the future). To ensure the rate and points are the same at closing as they are when quoted, you'll need to lock-in the interest rate (also known as a rate lock or rate commitment). [read more]
Note: <-- Sponsored by aDiscountRealty.com --> |
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Real Estate : Before You Look at Your First House |
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on Monday, November 15, 2004 - 10:57 AM PST |
Experienced home buyers know that one of the first-steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range. [read more]
Note: <-- Sponsored by aDiscountRealty.com |
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What Closing Costs Can the Seller Pay? |
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on Monday, November 15, 2004 - 10:42 AM PST |
Many buyers (particularly first-time buyers) are short the cash they need for the down payment and closing costs. One way to overcome this cash shortage is for the seller to pay a portion of the closing costs. How much the seller is allowed to contribute depends on the type of mortgage loan. [read more]
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Staying Approved |
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on Friday, September 17, 2004 - 02:39 PM PST |
Your actions after receiving lender approval for a mortgage loan can disqualify you for the loan. A mortgage loan is conditionally approved, with the lender reserving the right to re-verify credit, income, assets and employment at anytime. The lender may cancel the loan if there are any adverse changes to your qualification status. [read more]
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Creative Financing and Financial Issues |
| Posted
on Friday, September 17, 2004 - 02:37 PM PST |
Seller Financing
As the seller, you have the option of financing the buyer's purchase with the equity you have in the property. You can finance part or the entire mortgage for the buyer. Before setting-up a private mortgage, it is wise to consult with your attorney.
[read more]
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Types of Mortgage Lenders |
| Posted
on Friday, September 17, 2004 - 02:35 PM PST |
There are a number of types of primary mortgage lenders that you may encounter when shopping for your mortgage loan. To give you a better understanding of these service providers, a brief explanation is provided below. [read more]
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Bi-Weekly Mortgage |
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on Friday, September 17, 2004 - 02:33 PM PST |
If you search for "bi-weekly mortgage" with an Internet search engine, you will be overwhelmed by the number of companies offering "Bi-weekly Mortgage Reduction Services" or "Bi-weekly Savings Programs." Beware, you are entering dangerous waters. [read more]
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