what is pre-foreclosure
Advantages of Buying in an Older Neighborhood
A more walkable life in a place with character and trees can be yours when you buy an older home.
Homebuyers frequently ask their agent, "So how's the neighborhood?" But did you know it would be illegal for your real estate agent to answer? Federal law prohibits agents from categorizing a location in terms of race, color, religion, nationality, sex, disability, and familial status.
"All of that is designed to prevent discriminati...
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Condo vs coop
Condo vs Co-op Mortgages - Key Differences and Considerations for Owners & Investors
In this article, we will explore the key differences between condo and co-op mortgages, shedding light on their definitions, the fundamental distinctions between the two, and considerations for potential owners and investors.
what is a real estate broker
The Role of a Real Estate Broker in Your Home Buying or Selling Process
A real estate broker acts as an intermediary between home buyers and sellers. Click here to learn the role of a real estate broker in a home buying or selling process.
Home Insurance Companies
4 Ways Real Estate Agents Support Home Insurance Companies
The real estate industry in the United States is witnessing a remarkable surge in the number of real estate agents associated with the National Association for Realtors (NAR). According to a recent survey in January 2023, this number has reached 1.5 million, showing steady growth since 2012. But a question arises - what does a real estate agent do for you and for insurance companies? Get A Free Mortgage Quote Source: Statista In the thriving real estate industry, real estate agents pl
FHA construction loan
Pros and Cons of FHA Construction Loans for First-Time Homeowners
Are you an aspiring first-time homeowner eager to bring your dream home to life? Perhaps you’ve already started exploring your mortgage options. The Federal Housing Administration offers construction loans specifically tailored to first-time homeowners’ needs and circumstances. However, like any mortgage product, these loans come with their set of pros and cons. Therefore, in this post, we’ll walk you through FHA construction loans and their benefits and drawbacks. With our insights, you can de
HELOC
Everything You Need to Know About HELOC and Rental Properties
Property investment presents an excellent opportunity to generate passive income and expand the investment portfolio, but investing in a real estate property requires significant capital. Suppose you are interested in financing a substantial investment acquisition but need more cash reserves and choose only to postpone once you have saved enough. In that case, you might be thinking of the best loan option available. You can leverage the equity you have already accumulated in your property invest
Major Purchase
Co-signer Vs. Co-borrower
When someone is applying for a loan or credit, they may be asked to provide additional support to strengthen their application. Two standard options are to have a co-signer or a co-borrower. While both co-signers and co-borrowers can help someone qualify for a loan, there are essential differences between the two (2) roles. Understanding the responsibilities and implications of each part is vital for anyone considering applying for a loan or credit with the assistance of a co-signer or a co-borr
joint ownership with right of survivorship
A Quick Guide to Joint Tenancy With Right of Ownership
As the allure of investing money in something tangible increases, the US has seen a gradual increase in homeownership rates since its dip in2016. In 2022 and 2023, the rate of house ownership reached the highest level since 2011. This includes properties owned individually as well as joint tenancy with right of survivorship. Source: Statista At the end of 2022, the rate of owner-occupied households stood at 65.9%. A majority of property owners have some sort of legacy plan where the spous
Home Loan
DSCR Loans: What Are They?
If you are a property developer or a realty investor searching for a simple and expeditious mortgage, the debt service coverage ratio or DSCR loans might be a practical choice. This kind of loan is appropriate for a cash flow produced by investing in a property, which speeds up the process since it does not require strict conditions such as information on your employment, pay stubs, or income tax returns. The typical process in assessing if the borrower will be eligible for financing is to eva
Buying a Home
Buying Foreclosed Homes: Steps, Risks, and Potential Rewards
Purchasing a foreclosed home can be a smart way to save money on a property while at the same time supporting a community by preventing vacant homes from falling into disrepair. However, buying a foreclosed property is not the same as purchasing a standard home. There are more risks involved, and parts of the process might be unfamiliar even to experienced homebuyers. In this article, we will discuss how to buy foreclosed property, the steps you need to take, and highlight the potential risks
Fundamentals
Understanding the Homeowners Insurance Declaration Page
You can rely on solid coverage if you understand the details on this document thoroughly.
Fundamentals
Exploring the Pros and Cons of Electric Cars
In this article, we've rounded up a list of the pros and cons of electric cars.
Fundamentals
What Does Homeowners Insurance Cover?
Learn about the coverage you get with home insurance and how to lower the cost.
Fundamentals
Does Home Insurance Cover Mold Removal?
This article will explore the complex relationship between home insurance and mold removal.
Fundamentals
What Is Homeowners Insurance?
Learn the basics of homeowners insurance, such as policy options, cost, if it is required, and more details.
Green Living
6 Things You Can Stop Paying for Without Giving Anything Up
Money-saving tips that just happen to be clean and green too.
Home Improvement
Lights, Camera, Traction: Latest in Solar-Powered Security
Innovative security tools draw power from the sun for cordless, hassle-free protection around your home.
Solar Basics
What to Expect for Installation
Every year, solar panel installation gets simpler and faster, but it still requires the expertise of an electrician who has solar installation training.
Green Living
Could You Possibly Live a Carbon-Negative Lifestyle?
As if living carbon-neutral weren't challenge enough, could you (or anyone) actually live carbon-negative?
Solar News
Solar Outshines Nuclear for First Time in U.S. History
Wind provides the assist for renewables to blow by legacy power systems.
