17
May
By support
Home Seller Tips, ,

Selling Your Home FHA? Learn These Tips To Ensure A Smooth Closing

Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property. While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing. Location and Lot To qualify for FHA financing, the property has to be located on a road or easement that lets the owner freely enter and exit. The access also has to be paved with a surface that will work all…
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09
May
By support
Mortgage, ,

Ensuring A Stress-Less Closing

Buying a home is an exciting and exhilarating time. Between the time your offer is accepted, and when you finally have keys in hand and you are ready to step into your new home, it can be stressful. The escrow period, also known as the closing, can take the most easygoing home buyer to the brink of insanity. After you have negotiated your best price and come to an agreement, there are ways to make the escrow process less anxiety-provoking. Here are some tips from top real estate agents to help you get through the escrow process without losing your…
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08
May
By support
Mortgage, ,

Don’t Let a Renter Assume Your Mortgage Payment as a Landlord

When it comes to a property that's been financed with a mortgage, homeowners can experience the need or desire to live elsewhere from time to time. Renting may be considered as a way to recover some of their costs when they are not using their home. In some cases, homeowners - when acting as landlords - may also consider that it's more efficient to have the tenant pay their monthly mortgage payment directly to a lender. After all, the money is just being received and turned over in another check to the lender anyway. It may seem like a logical…
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04
May
By support
Mortgage, ,

Financing Your Solar Roof

Going solar can make life sunnier for some homeowners. In addition to reducing energy dependence by "borrowing" energy directly from the sun, purchasers may also enjoy a 30 percent federal Solar Investment Tax Credit and other incentives, according to SEIA. Solar roofing can boost a home's equity in some cases, while making it more attractive to future buyers in sun-drenched parts of the country. Best of all, financing that solar roof may be a more attainable goal than homeowners think. Leasing vs. Owning Perhaps the first question a green-minded homeowner should consider is whether to own solar roofing or lease it.…
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03
May
By support
Mortgage, ,

Understanding the Basic Interest Rates Difference Between Fixed and Variable

Home loans are available in an assortment of lending packages, but the big difference that consumers need to pay attention to at a minimum is how the interest charge is calculated. Interest is the margin that represents the profit and risk offset for a lender financing a consumer's home purchase. With loans lasting over 30 to 40 years now, the amount of money that can be made can be two or three times the purchase value of the home involved. So it's calculation method is important for the borrower. A Fixed Rate A fixed rated is one where the home…
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