It’s normal to feel some anxiety when facing a mortgage lender. This person has a lot of power! They can decide to grant the loan and make it possible for you to own the home of your dreams, or they can crush your dreams by denying the loan. It’s normal to feel vulnerable when you’re [...]
You’ve found a house you love, and you’re ready to apply for a mortgage. How can you streamline the process? Here are some important tips to follow. Choose Your Lender Carefully Too many people look at 20 houses but only consider one lender. If you’ve worked with someone in the past and you like them, [...]
You’ve probably heard that real estate professionals establish home prices based on the sales prices of comparable properties in the immediate area. Real estate agents have access to computerized databases that list the size, features, amenities and selling prices of every property in the country for decades. Generally, the agent locates comparable properties with about [...]
The home buying process can be very confusting. Take a few moments and dispell some of the top myths surrounding this process. Myth # 1: You can’t use a gift as a down payment. This old saw has been around for decades, but it’s not true! You can use a gift from a family member [...]
There are hundreds of questions that people have when it comes time to select a new mortgage or buy a home. Heare are five of the the most common home loan questions. Q: When’s the best time to buy a house? A: The best time to buy a house is when you’re ready. Although housing [...]
When you’re shopping for a house, it’s easy to be so enthralled by a huge fireplace, a well-placed skylight or a sunny kitchen, that you are blinded to all of the house’s flaws. And as any new homeowner knows, every house does have flaws. The best way to avoid making a serious mistake is to [...]
When you are applying for a mortgage, usually the lender will focus on your financial history over the past 2 years. For employees, that means 2 years of personal income tax returns, as well as W-2s and paycheck stubs. If you are self-employed, that changes the usual process a little. For one thing, you probably [...]
Perhaps the most well known method of obtaining foreclosure properties is buying them at the auction. The foreclosure auction is a live bidding process, just as you may have imagined. The auction is typically conducted at a public place, such as a courthouse. In some states, the county Sheriff or his deputy will conduct the [...]
A good manager can make the difference between a dream home and a nightmare hovel. Surprisingly, most people overlook a very crucial part of the apartment-finding process when they forget or just don’t think to interview the manager about whichever property they are considering. Most people don’t realize what the manager does within an apartment [...]
When most people first become real estate agents they are probably not thinking about how they are going to get out of the business. They are thinking about how much money they are going to make once they get started and not how much they are going to make when it is time to get [...]
