Tag: Financing

Posted on 08/28/2022
Seller Financing: Major Risks & How to Avoid Them
Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....
Financing
Financing
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Posted on 05/01/2022
Tips for Buying in a Hot Market
In real estate, a “hot market” refers to a market with lower inventory and higher demand. When the market is hot, there is more competition for property and this can make buying a home more difficult. If you’re trying to buy a home, here are some tips for how to navigate a hot market. Start With a Broad...
Broad Search
Compromises
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Posted on 10/10/2021
First-Time Homebuyers Explained
“First-time homebuyer” is a commonly used term in all areas of real estate. But what exactly is a first-time homebuyer? Here are the specific factors that qualify somebody as a first-time homebuyer and why they are important: Who Qualifies as a First-Time Homebuyer? As suggested by the name, a first-time homebuyer is any person who is purchasing their...
FHA
Fha
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Posted on 11/01/2020
Tips for Navigating the VA Home Loan Program
Photo by Oleg Magni from Pexels The VA home loan program allows qualified veterans and active-duty members of the military to get an affordable home loan with a minimal down payment. If you're planning to use this loan program, you can take specific measures to improve your chances of approval. These tips will take you from house hunting...
Mortgage Options
Va Home Loans
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Posted on 10/04/2020
Pros and Cons of Balloon Mortgages
Image by Jojje from Shutterstock Many people own homes through a mortgage agreement. Traditional mortgages are primarily fully amortized or gradually paid off with regular payments over the lifetime of the loan. Each payment contributes to both the principal and the interest. A balloon mortgage is a short-term home loan with fixed-rate monthly payments that only take care...
Mortgage
Financing
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Posted on 05/31/2020
Pros & Cons of Financing with a Mortgage Lender
Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...
Mortgage
Lending
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Posted on 02/09/2020
How to Negotiate a Land Contract Vs. a Mortgage
Image by Shutterbug75 from Pixabay With a mortgage, a buyer is applying for financing to purchase the property in its entirety. They're relying on their credit and assets for approval before assuming responsibility of the full property. In a land contract, you're cutting out the need for a formal lender and relying on the seller to approve or...
Loans
Financing
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