finding a home that meets your criteria
When you know exactly what you want in a home, finding that home can be very hard. If you want a home that is a single level with multiple bathrooms and bedrooms of a certain size, it can be nearly impossible to weed through all of the available listings to find that one house that meets your criteria. So how can you make a difficult search a little easier? Our blog will provide you with tips and advice that will help you narrow down your long list of options and find the one home on the market that will meet your needs exactly.
As you approach retirement, would you like to take up the snowbird lifestyle? Many Americans enjoy being a so-called snowbird — living in a warm climate during the winter and a cooler one during the summer. If this idea appeals to you, here are five good reasons to buy your second home now.
1. You'll Qualify Easier
Generally, a worker with regular income — especially one at the height of their earning power — has an easier time qualifying for a mortgage than a retiree.
Whether you are buying or selling a house, a real estate appraisal might affect the transaction. The lender that issues the loan to the buyer requires an appraisal before closing on the home purchase. The lender requires this to ensure that the home is worth the money they lend to the buyer. As a buyer or seller, you should expect an appraisal, and here are the effects it might have on the sale.
Once you've found the home you want, the waiting begins. There is much to do while you wait for your mortgage to be approved, however. The time between when the seller accepts your offer and you close on your home may be known by various names but often your real estate agent will simply call it "under escrow". To find out what is happening and what needs to happen during this time, read on.
Lakefront property is different from other properties, so you have more things to consider before purchasing one. When you know what you want and what lakefront property purchasing involves, you will be more satisfied with your purchase. Here are some questions and answers to guide you through what to consider when purchasing a lakefront property.
Why Do You Want a Lakefront Property?
Do you want a full-time home or a vacation home?
When you apply for a loan to refinance your home, you will need to write down what your purpose is for refinancing your loan. This isn't an essay question; there are a few specific refinancing purposes that you can list on your loan application. What you list depends on your motivation for refinancing in the first place.
With a cash-out, you are tapping into the equity that you have built up in your home.