How to Understand Home Loan Estimates
Three days after you apply for a mortgage you will receive a 3-page document called the Mortgage Loan Estimate. The law requires residential lenders to provide you with this standardized document so you can make an informed decision about whether the proposed home loan is right for you. You should receive this document both for […]
What to Do If Your Home Purchase Falls Through
It happens to the best of us. Sometimes, real estate deals fall apart. In fact, the National Association of Realtors notes that at least 5% of real estate deals terminate before closing. Usually, when your home purchase falls through the problem lies with the financing. Sometimes, you can fix the problem, and sometimes, you can’t. […]
How to Make an Offer on a House
If you have obtained the services of a real estate agent, the physical process of making an offer on a house is relatively easy. You’ll tell your real estate agent to make an offer, and let them draw up the paperwork. What is a bit less straightforward is how you go about making a winning […]
How to Choose the Right Neighborhood
Shopping for a new home? Your long-term happiness in your new house will depend in part on how much you love your new neighborhood. In fact, choosing the right neighborhood may matter far more than choosing a house you love. You can change a lot about your house. You can’t chase off nosy neighbors, get […]
The Pros and Cons of Buying a Foreclosed Home
Buying a foreclosed home can be a great way to save money on your home purchase, but there are hidden pitfalls you should be aware of. If you’re not prepared, you could sink your money into a disaster instead of into a fixer-upper. These pros and cons can change depending on what phase of foreclosure […]
