What to do if your house doesn’t sell in a year?
We keep hearing that the housing market is taking a beating during this pandemic. However, if you’re waiting for your home to sell, it’s a relief to know that things are generally going really well. Believe it or not, some people wait over a year for that bright red “Sold Out” sign on their lawn. […]
What is jumbo loan in Oklahoma 2023?
When it comes to buying a home, buyers can find it difficult to obtain financing beyond conforming loan limits. In this instance, you may need to apply for a jumbo loan. whether you have your eye on ranch-style home in tulsa or a New Construction in the YukonLet’s take a look at what a jumbo […]
What is title insurance: everything you need to know
Lender’s Title Insurance vs Owner’s Title Insurance When we talk about title insurance, we are generally referring to two types. Lender’s ownership insurance protects the institution that is lending you the money for your new home or property. This is required, and usually costs around $1300-to-$2700. In some cases, it can cost up to $4000. […]
14 worst home buying mistakes Newbie mistakes in home buying
13. Skimp on the down payment We know saving up for a down payment is difficult. Especially if you’re aiming for the traditional 20% drawdown. For many first-time home buyers, this is basically impossible. To counter this, many mortgage lenders now have stipulations for those who can save only 5% or 10% of the purchase […]
Can you afford that house? The 30% Rule, Explained
Other Factors Regarding the 30% Rule Don’t forget that a fixed percentage rule doesn’t take into account income which can vary greatly. For example, if you freelance or earn a portion of your income from sales commissions, your monthly income may fluctuate from month to month. This means that the 30% rule is very difficult […]
Steps Every Millennial Should Take Towards Buying a Home
Wages are low. Real estate prices are skyrocketing. The economy remains sluggish (and unemployment rises) in the wake of a major global pandemic. For many millennials, the dream of having your own home seems to be fleeting soon. No matter what you do, it may seem like you’re never getting any closer to being able […]
Guaranteed Rate acquires full ownership of the Premia Relocation Mortgage
Chicago based guaranteed rateTop 10 US mortgage lenders acquired Sirwa’s shares on premia relocation mortgage and is now wholly owned by the business, the companies announced Friday. Financial terms of the transaction were not disclosed. Premia, which provides relocation mortgage service for employees moving across the country or to other countries, has a digital platform […]
Rent-to-Own Real Estate Programs: Pros and Cons
lease purchase As you probably expected, a lease-purchase contract is a less flexible version of a rent-to-own deal. Buying a home after the lease term is over is a pre-determined agreement. This may also include the purchase price. If you are searching for a rental to real estate program, be sure you know whether it […]
Must-Know Tips for New Homeowners
Make renters insurance mandatory Insurance companies have also created special products for renters, which they usually call renters insurance. It covers tenants’ valuables and protects them from liability claims in the event of an injury. In most jurisdictions, renters insurance is optional but landlords reserve the right to require it from their tenants. Compulsory renters […]
Buying a Foreclosed Home: The Pros, Cons and a Step-by-Step Guide
4. Search Foreclosure Listings Real estate agents and realtors often have leads on foreclosures available for sale. Nevertheless, there are many other avenues that buyers can use to acquire potential properties. check out: Note that you don’t necessarily have to shop locally. However, applicable laws and regulations cover the jurisdiction where the home is located […]
