Gaining a new mortgage to substitute the first loan is what a refinancing of mortgage means. Refinancing is made to let a borrower a more favorable interest term and rate. The first loan is paid off, enabling the second loan to be performed rather than just making another mortgage and thrusting out the original mortgage. For borrowers with excellent credit…
When we talk about owning a house, we are looking forward to how much it cost for us to own one; of course, ideally, you will think of choosing the best one you think that could fit your living and budget. But with the small savings, how could you materialize it? There is where a mortgaging helps you. A mortgage…
Mortgage brokers act as a middleman between the homeowner or borrower and the mortgage lender or bank. Whether it is refinancing or purchase mortgage, the brokers help the consumer qualify for a home loan. Therefore, a mortgage broker can help shop for the best rates with several lenders, as well as handle your mortgage application during the entire process. A…
Avoiding a Nightmare Contractor We won’t say that in recent years the process of finding a good contractor has become easier. Finding a communicative, astute, responsible contractor is still like finding gold. But home repairs still tend to attract con artists. If you know a few things to look for and avoid, however, you may be spared a less-than-HGTV-happy experience….
Myths About Realtors That Need To Go Away People often believe a real estate agent is simply someone who: knows about homes for sale in their area, hammers signs into front yard lawns and makes a slew of money just showing up at an open house. A no-brainer, right? Not quite. In perpetuity, there have been a host of myths…
A Semi-Myth: Rising Tides In Real Estate Values There are time-worn real estate adages that never seem to go away. “Location, location, location” is one of them, and it still applies. But what about the one used in every “fix-and-flip,” or “fix-and-occupy” program on HGTV about buying the worst home in the best neighborhood? For all those experts who push…
Buy Real Estate with Bitcoins? In Dubai, you can. British entrepreneurs and real estate developers Michelle Mone and Doug Barrowman have begun offering units in their 2.4 million square foot buildings in Dubai…for Bitcoins. A studio apartment will go initially for the low, low promotional price of 30 BTC, while the more spacious 1-bedroom units will bring 50 BTC. The…
Buying a Home with Your 401(k) A common question that we receive from clients is, “can I make use of my 401(k) to buy a new home?” This is a common question you get from people who have a 401(k) account and are seeking to get a new home. Before we go deep into whether you can use your…
Buying a Home with Bad Credit “I have terrible credit, so I can’t purchase a house.” This is a common complaint among would-be homeowners. If they don’t say it, they think it—and continue paying rent without considering whether their assumption is true. Buying a home with bad credit can be challenging. Many people think that being 30 days late on a…
Ski Condo or Mountain House? There’s not much difference between a ski home and a normal vacation escape except for the mountain location. Ski properties are near or on mountains, such as Vail, Aspen, or Breckenridge, and normally have resorts. The decision between buying a ski condo or mountain house is where things become a little more complicated. With ski…
