Do your due diligence As a buyer you need to do all the same things you would if the house were being sold through a real estate agent: • You still need to know if the asking price is fair (get comps!). • You still want to inspect the prope
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3 to 20% of the purchase price for a down payment. The actual amount depends on what kind of loan you get and how good your credit is. Your bank might offer a zero-down loan, but if you can afford to make a down payment, you should do so, because you'll g
Continue reading >>Housing Short Sale can be understood as "loss on disposal." That is, the homeowner loans owed to more than the value of the house. For example: $ 500,000 homeowner arrears, can house only worth $ 300,000.
Continue reading >>You'll hear about two ways of estimating your borrowing power: pre-qualification and pre-approval. Just remember: They are not the same thing.
Continue reading >>Generated by the purchase of a package of settlement costs must be called " honest lenders cost estimates " (lenders Good Faith Estimate) clearly articulated in the form for you , provided by the mortgage lenders .
Continue reading >>You don't have to sign on a dotted line to work with a buyer's agent, but most agents will want some sort of agreement between you before they put in any time. Remember, no money is due to the agent until the deal closes. The agent is paid a commission ou
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