Many property owners purchase their new home using a loan called a mortgage. Using a mortgage, an individual is able to get a loan for a home purchase, normally financed over 15 or 30 years. Every month, the borrower makes…
Buying a home If you are in the market for a new home, buying is the best way to build equity (i.e. actual ownership of a physical item of value) with each monthly payment. Your monthly mortgage payment will go…
If you are in the process of searching for a home, chances are the term earnest money deposit has come up. What exactly is this deposit and what does it get you? Is it required to purchase a new home?…
Spring is in the air! For many, that means warmer temperatures, sunshine, and renewed energy to tackle projects. If you are a homeowner, this is the perfect time to work on some of the things that may have gone by…
When people think of investing, they often picture a suit-wearing, fast-talking professional aggressively yelling on the floor of the New York Stock Exchange. Or maybe their mind goes to a spreadsheet enthusiast buying and selling through online investment platforms. But…
If you are new to buying real estate, you may wonder exactly what it means to be “in escrow.” Is it a place? A condition of the contract? A life-threatening disease? The answer is much simpler than you may think.…
If you are starting a search for a new home or listing your current home for sale, you have probably come across the terms “buyer’s market” and “seller’s market.” Does that mean you have to list your home in a…
1. Continue paying all your bills on time. Your credit history is one of the most vital elements of your mortgage application. Some loans may ask that lenders re-pull credit before the loan process is complete. For example, if you are…
