ARCHIVED BLOG POSTS
2010
2
Comments
First, you need to choose your lender carefully; your lender should be a financially stable company and have a record of customer satisfaction. Talk to personal friends who had a good experience with their home loan or your realtor about recommendations of lenders. Use a local lender, because i...
11/30/2010
0
Comments
Sometimes you encounter home buyers that do not understand the purpose of an escrow account. These are separate reserve accounts setup by a mortgage company to pay your homeowners insurance and property taxes when due. From each mortgage payment, your mortgage company will set aside a required ...
11/23/2010
Many home buyers and homeowners do not always understand how interest rates are affected. Normally, a lower interest rate will provide a buyer more money, therefore, giving them the capability to purchase more home. Interest rates are always fluctuating; therefore, buyer should have a discussio...
11/16/2010
1
Comments
Some buyers are unfamiliar with the term LTV ratio. This ratio is the amount of money required by the lender from the buyer in order to get a loan to purchase property. This value is normally based on the sales price of the property. For example, if the LTV ratio is 95% and the sales price of ...
11/08/2010
0
Comments
Many times home buyers who are buying a home have not heard of, or understand the purpose of a Home Warranty. Home warranties provide insurance coverage for mechanical breakdowns of appliances and home systems that are not covered by your homeowner's insurance policy. These types of insurance ...
11/02/2010
