When you buy a home, it’s often a good idea to include some contingencies in the purchase contract. These contingencies protect you should something go wrong after you sign the contract. They give you a ‘way out’ if certain situations occur. One popular contingency is the appraisal contingency.Looking for Current Mortgage Interest Rates? Click Here.Keep reading to learn … [Read more...] about Should you Include an Appraisal Contingency Clause in Your Purchase Offer?
Buying a Home
How a Home Inspection Differs from an Appraisal
When you apply for a mortgage, you’ll likely hear the lender throw around a couple of different words including appraisal and inspection. They sound like they could be one in the same, right? Wouldn’t an appraiser ‘inspect’ the house?Looking for Current Mortgage Interest Rates? Click Here.In reality, the appraiser’s job is to determine the market value of the house. … [Read more...] about How a Home Inspection Differs from an Appraisal
List of Tax Benefits for New Homeowners
Owning a home is a big financial burden, but it can also provide you with several tax benefits, which can help your finances. If you can lower your tax liability just by owning a home, it may be an investment worth making.Get Matched with a Lender, Click Here.Keep reading to learn the tax benefits for new homeowners to see if you may benefit. Mortgage Interest Perhaps … [Read more...] about List of Tax Benefits for New Homeowners
Financing Options for Purchasing a Multi-Unit Home
If you are in the market for a multi-unit home, you may have to be a little creative with your financing. Unless you have a large down payment and great credit, you may find yourself looking at government-backed financing. These loans have more flexible guidelines, making it easier to qualify.Get Matched with a Lender, Click Here.Keep reading to learn which options are … [Read more...] about Financing Options for Purchasing a Multi-Unit Home
What Type of Mortgage Should You Choose?
Choosing your mortgage is almost as hard as choosing the house you want to buy. The mortgage, just like your home, is something you will have for many years, especially if this is your forever home. In addition, your mortgage is like an investment. You want to have the lowest interest rate to minimize the cost of borrowing the money, but you also want to make sure you have the … [Read more...] about What Type of Mortgage Should You Choose?