Let’s say you made the exciting decision to take a step towards making an investment in real estate by purchasing property at auction. This is an exciting decision and also a big one too. I am writing this article to guide you through the steps you should take. Yes, before you buy a property off… Continue Reading HOW TO AVOID SHOCK AND AWE IN MAKING A REAL ESTATE INVESTMENT
I have had people tell me when I ask them why they have not purchased a home that having a mortgage takes them out of their comfort zone. Maybe they are comfortable because they are living with mom and dad almost rent-free, or they are living in a rental property. While they think they may… Continue Reading I Think We’re Alone Now
The meaning of earnest money is in the name, it is a deposit of good faith on a home loan from buyer to seller. Earnest money deposits will often set your offer apart from other applicants. Earnest money is different from a down payment and often a lot less. It’s basically a good-faith gesture and… Continue Reading EARNEST MONEY, WHAT IS THAT?
WHAT IS AN USDA LOAN? I know you may not have heard of a USDA loan, and yes, as strange as it sounds, the Department of Agriculture does provide low-interest, no down-payment loans to qualified buyers. They have certain requirements that I explain more in detail below. CREDIT REQUIREMENTS With every loan applicants need… Continue Reading What is an USDA Loan?
So as an update…for our condo loans, we have lowered the down payment requirements!