When buying a house, a few important points will need looking into. A home inspection checklist comes in handy and ensures that all the important issues are resolved. Here are a few that must make it on your checklist: > Roof – check the roof level, make sure it does not sag. Ensure there are …
Category: Real Estate
Anyone who takes on a home loan wants to find a way to reduce the interest rate. The good news is there are ways you can do it, even after the finalizing terms of the loan. One such method is a bi weekly mortgage plan. A bi weekly mortgage plan, usually offered by the lender …
Occasionally, homebuyers do not have enough funds for the traditional down payment and for the closing costs to buy a home. This is the case even when can easily afford the monthly payment. The solution is simple, get help from down payment assistance/ grant programs. A down payment assistance or grant program is where the …
The FHA reverse mortgage program, in situations where a mortgage has been settled in its entirety or with a small balance remaining, allows you to borrow funds against the equity of your home. This facility is provided to homeowners who presently live in the home that the borrowing is going to be made against and …
If you provide false information on your mortgage application, it constitutes mortgage fraud. Most applicants add a white lie or two on their forms, often because they do not know how serious the issue is, or worse, because their real-estate agent suggested they do so and assured them that there is no harm in doing …
A mortgage is not a home loan. Most Americans refer to their home loans as mortgages. However, there is a significant difference between the two. It is a security instrument that you give to the lender, a document that protects the lender’s interests in your property. Here are a few facts about mortgages: There are …
In the second aricle on health insurance options when taking on a mortage, today we look at critical illness insurance. This insurance pays you a lump sum (a one off payment) if you are a victim of a limited number of critical illnesses. If you contract one of these critical illnesses, chances are that you …