Blog

Transferring Property Prior to Death

Transferring Property Prior to Death


Sometimes, as people approach the inevitable, they start trying to get their things "in order". They may even have a will, but they decide to transfer title to real estate prior to their death which could be an unnecessary expense for the would-be heir. ...CONTINUE READING
Is It Time to Cancel the Mortgage Insurance?

Is It Time to Cancel the Mortgage Insurance?


Mortgage insurance benefits the lender if a borrower with less than a 20% down payment defaults on their loan.  Most conventional mortgages greater than 80% and all FHA loans require the borrower to have this coverage. ...CONTINUE READING
Make Your Best Offer FIRST

Make Your Best Offer FIRST


This strategy is not about trying to negotiate the best price; it is about beating out the competition and buying the home. It may be difficult to understand until you have lost a few homes to better offers but when the reality of the situation is that there are not that many homes on the market, the competition heats up and different tactics are necessary. ...CONTINUE READING
Home Insurance and Mortgage Insurance

Home Insurance and Mortgage Insurance


Many homeowners with mortgages pay for both types of insurance but only one of them protects the owner. ...CONTINUE READING
Moving UP or DOWN

Moving UP or DOWN


Staying at home in 2020 caused of lot of owners to think about how nice it would be to have a larger home to accommodate the additional activities that come along with isolating. Particularly for people with children at home or possibly, the potential of either adult children or parents coming to live with them. ...CONTINUE READING
Rental Home Investments

Rental Home Investments


Rental homes whether they be single-family detached properties, condos, two, three or four-unit properties share many of the same benefits. Most people instinctively understand many of the working parts because they are the same as their home. They have a basic understanding of value and how to maintain the property. The service providers for a home would be the same for a rental home. ...CONTINUE READING
Pre-Listing Inspections

Pre-Listing Inspections


Imagine what happens when there is not a pre-listing inspection. The buyer contracts for the home with a provision for professional home inspection. When it is made, there could be things that the buyer didn't expect or even, anticipate. If it doesn't trigger an action to terminate the contract, the buyer will inevitably, ask the seller to make all the repairs. ...CONTINUE READING
Would you move if it was to your advantage?

Would you move if it was to your advantage?


A much-repeated investment strategy is to buy low and sell high. Some people who purchased around the financial crisis of 2010-2012 are poised to make considerable profits. ...CONTINUE READING
Debt-to-Income Ratio Affects Approval & the Interest Rate

Debt-to-Income Ratio Affects Approval & the Interest Rate


Debt-to-Income ratio is a tool that lenders use to qualify buyers for a mortgage and is an important factor in determining loan approval. It provides an indication of the amount of debt that a potential borrower is obligated to in relation to how much income they have. ...CONTINUE READING
Buyer's Closing Costs

Buyer's Closing Costs


Ideally, each party will pay their own closing costs associated with the purchase and the sale of a home, but they can be negotiable based on lender requirements and market conditions. ...CONTINUE READING

Pages