Buying

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: A type of...

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 lender's protection and may lead to untimely delays if they are not...

Property Valuation is the process of estimating the value of real estate property is done by various methods as illustrated below. 1: Comparable property method: The average value of rate per unit area at which similar properties in the neighborhood were sold at is multiplied by the actual area of the current property. Adjustments to the calculated value are made to account for specific defects or...

The ratio affects your buying power... Your debt to income ratio is a simple way of showing what percentage of your income is available for a mortgage payment after all other continuing obligations are met. The ratio is one of the many things a lender considers before approving your home loan. A qualifying ratio of 28% is indicates the maximum percentage of your monthly gross income that the lender allows...