Common Terms Used When Financing a Home
If you are in the process of buying a home, you are probably looking to get a loan for your purchase. A loan for the purchase of a home is called a mortgage. Here are some other common terms that…
Adjustable Rate Mortgages – Pros and Cons
Shopping for a new home can be a lot of fun. You get to explore neighborhoods, different styles of home, and (hopefully) find just the right place for you. Shopping for a mortgage is less glamorous, but still a very…
Credit Matters When Purchasing a Home
When you start your house hunting process, you probably have a list of features that your dream home will have—an open floor plan, gourmet kitchen, a great backyard. Lenders have a list of ideal features that a mortgagee will have.…
A Pipe Burst in My House… Now What?
If you are a homeowner, you have probably experienced a home maintenance surprise. If you haven’t yet, chances are it will happen at some point. Here are a few questions to ask yourself before you take the next step. Are…
What the Title Agent Does during Your New Home Purchase
So you have been house hunting, negotiated a price, and have an accepted offer to purchase your new home. Congratulations! Now begins the all-important task of getting to closing. You will meet a lot of new people who will help…
Understanding Your Amortization Schedule
Congratulations, you bought a house! Before you’re able to unpack the last box, your mortgage company has probably been in touch about making that first monthly payment. Welcome to homeownership! If you are itching to get that loan paid off…
What Kind of Insurance Do I Need for My Home?
Home is where the heart is. It’s also usually where all of our stuff is and if you want to protect your belongings against fire, flooding, theft, or other accidents, you will need insurance. Insurance is essentially a contract that…
What To Do When You Inherit Real Estate
The passing of a loved one is often a difficult and emotional time. There are many things to arrange and if the person owned real estate, there can be some additional steps to consider when dealing with inheriting property. Understanding…
Do I Need Flood Insurance?
Depending on where you live, flooding may be a daily worry, seasonal concern, or something that you never have to watch. Flooding can quickly become very dangerous to both people and property. The best way to keep yourself safe is…
How much equity do I have in my home?
Home ownership is an admirable goal and one that many Americans work towards throughout their lives. You may think that once you sign on the dotted line and have the keys to your own home, you are a home owner.…
