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Focus on the sales price of the house. Don’t antagonize the seller over non-essentials like the air conditioner, appliances etc. Ask the seller to share in closing costs to help in reducing the over all cost. Arrange for a home inspection if you have any doubts about hidden construction flaws. Many times the seller will…
“Neither a borrower nor a lender be” could be translated as: Maybe it’s time to stop renting (borrowing) and buy a home of your own. But how do you know what you can afford? And how do you make the leap from renter to good loan risk? There are many types of loans, but there…
Generally, the available types of Homes are: Apartment, Condominium, Townhouse and (Detached) Home. The major differences between these types of Homes are Ownership and Responsibility. For Rentals, the Owner has the Ownership and Responsibility of the Rental property (rather than Renter). Following are some Advantages and Disadvantages of these Home Types and their comparisons… Apartment:…
First time home buyers should always shop around. Read the loan papers carefully for a list of all conditions that must be met before the home closing. Don’t wait for the last moment. Conditions by the lender may require a home inspection, termite inspection, required insurance polices, survey, etc. These requirements are meant for the…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
