Qualifying for a mortgage can be explained with 4 C’s. Capital indicates the borrower has the necessary funds for the down payment and closing costs without exhausting their savings. Capacity shows that the borrower has the ability from income to pay back the loan. Credit history reveals the borrowers FICO score, which is a composite… [Read More]
Why Put More Down
The least amount in a down payment is an attractive option when people are thinking of buying a home. A common reason is to have cash available for furnishing the new home and possible unexpected expenses. Some people don’t have any options because they only have enough for a minimum down payment and the closing… [Read More]
Removing a Person from a Mortgage
When two people decide, whether they’re married or not, to buy a home, they’re probably considering what a great idea it is. If later, they rethink the decision and determine to go their separate ways, simply deeding the home to the remaining person may not solve the potential liabilities. In the case of a marriage,… [Read More]
What goes with the house?
Sometimes, there can be confusion on what goes with the house and what goes with the seller when they move. Generally speaking, the house is the land and buildings and any fixed or attached property. Permanently installed and built-in items are considered real property. Some things are obvious such as built-in appliances, wall-to-wall carpeting, light… [Read More]
Instant Buyers Save Time But Cost Money
There are a multitude of companies across the Internet, referred to as iBuyers, who are suggesting that sellers can save the hassle of putting their home on the market, showings, repairs, open houses and other things by accepting their instant offer to purchase. The adage goes “if it sounds too good to be true, it… [Read More]
- 1
- 2
- 3
- …
- 37
- Next Page »