Gift of Equity Mortgage Guidelines: Buying a Home from Family in 2024 If you’re considering buying a home from a family member, the gift of equity mortgage might be the perfect way to make it happen without needing a big down payment. It’s a great option for those looking to keep homeownership in the family…
This Article Is About Understanding Your Credit Report To Qualify For Mortgage Understanding your credit report is extremely important for not borrowers but for all consumers. A person’s credit report provides information to existing and potential creditors on the credit applicants payment history and patterns. An applicant’s past payment performance and history is a good indicator…
This blog will cover the real estate purchase contract and purchase agreement. A real estate purchase contract and purchase agreement is a binding contract for both the home buyer and the home seller. Once a buyer decides to enter into a real estate purchase contract and purchase agreement, homebuyers with their real estate attorneys should…
This Article Is About Buying A Single-Family Home Versus Other Types Of Homes For First-Time Homebuyers Buying A Single-Family Home versus condos and/or townhomes are more popular among first-time homebuyers. Most home buyers want to have privacy as homeowners. Buying a single-family home offers a private yard and a distance between neighbors. Other homebuyers want…
This ARTICLE Is About The Main Factors That Impact The Value Of A Home The Main Factors That Impact The Value Of A Home that affects home values is location. There are other factors that affect home values but the location is by far has the biggest impact on home prices. Home values on homes…
Best States to Move To in 2024: Why are Americans Moving and Where They’re Headed? The coronavirus outbreak in February 2020 has changed the way we live forever. The whole country shut down due to the coronavirus outbreak or so-called pandemic. A lot of fear-mongering was going on by most state governors. The landscape of…
Whether buying a new home or refinancing your current one, a home appraisal is a critical step in the mortgage process. But the appraisal process can feel confusing and even a little intimidating if you’re like most homebuyers or homeowners. Don’t worry—we’ve got you covered! In this guide, we’ll break down everything you need to…
Mortgage For Recent College Graduates: A 2024 Guide to Buying Your First Home Graduating from college is an exciting time filled with new opportunities. Alongside landing your first full-time job, many recent graduates are ready to take the next big step—buying a home. The great news is you don’t need years of job experience or…
This guide covers paying off mortgage balance before the end of the loan term. Every homeowners dream is to have a home that is free and clear of any mortgage. Paying off mortgage balance earlier than the loan term is every homeowners dream. Most homeowners have a 30 year fixed rate mortgage. There are a…
This guide covers getting a mortgage and buying a house in the Virgin Islands. A series of breathtakingly stunning islands only a hop, pass, and bounce from the American mainland, the American Virgin Islands has long been considered America’s Caribbean and is one of the most specific locations inside the country for American consumers to…
This guide covers the steps to shopping and buying a house in Hawaii. Buying a house in Hawaii can be quite costly. Home prices in Hawaii are above the national average. Besides high home prices, everything in Hawaii costs more than the mainland U.S. Many homebuyers buying a house in Hawaii will discover that home…
In this guide, Ronda Buts, a dually licensed realtor and loan officer at Gustan Cho Associates and the Editor in Chief of One Solution Real Estate, will cover the importance of home inspections when buying a home. A professional home inspection is essential if you or someone you know is planning to purchase a new…
This guide covers multiple competing home offers by homebuyers in a seller’s housing market. Multiple competing home offers are becoming increasingly popular due to rising home prices. There is more demand for homes than the inventory of housing throughout the country. Rising home prices seem to force many first-time homebuyers out of the market. In…
This guide will cover the mortgage options for investing in real estate in Puerto Rico. Why do many people consider investing in real estate in Puerto Rico? Many people and businesses are looking into mortgage options investing in real estate in Puerto Rico. Whether it is an owner-occupant primary home, second home, investment property, or…
In this guide, we will cover buying a house near an airport. When searching for a new home, location is everything, including proximity to an airport. Living near an airport may provide easy access to travel and other amenities but poses significant drawbacks. Dale Elenteny of Non-QM Mortgage Lenders lived near an airport for many…