Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real estate agent, the seller comes out the winner on this one. So does it make sense for you as a buyer to buy FSBO home? We take a look below.What you Might Lose Buying a FSBO Don’t … [Read more...] about Should You Buy a FSBO Home?
Rent-to-own has become a popular way to buy a home in recent years. After the housing crisis, many consumers left with damaged credit. Unable to secure a mortgage approval, they were stuck renting. Many renters, however, got smart and signed an agreement to buy the home after a specific period of renting. Three years was the norm.Once the three years was up, renters could … [Read more...] about Is Rent-to-Own Right for You?
FHA loans provide borrowers with flexible financing. Borrowers find the max DTI forgiving enough to qualify. The other requirements of the program are flexible as well. Understanding the debt-to-income ratio requirements is one of the most important factors. Read our report below to see what you need to know.What is the Max DTI for FHA Loans? First, let’s start with the … [Read more...] about Understanding the Max DTI for FHA Loans
A co-op may look like a condo, but it is different. It comes down to the ownership. You must know the difference so you don’t mistakenly think you own the property. Read on to the all of the details about this type of home ownership.Click to see the latest mortgage rates.What is a Co-Op? First, let’s look at the definition of a co-op. It may look and sound like a … [Read more...] about What is a Co-Op and What do you Need to Know?
You don’t need a perfect mortgage application to secure a mortgage, but there are some common mortgage roadblocks that may cause a delay. Some issues that arise can prevent you from securing a mortgage altogether. We discuss these issues and help you see how you can get around them. Working for Yourself is a Mortgage Roadblock You finally don’t have to answer to a boss. You … [Read more...] about How to Overcome Mortgage Roadblocks