Tag: Loan

Posted on 08/14/2022

In real estate transactions, homebuyers have to obtain some kind of financing. Typically, this additional monetary support comes from a third party institution like a bank or mortgage lender. However, sometimes the seller may also offer financing directly. There are many options available depending on the specific need and situation. Here is a basic overview of seller financing...

Financing

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Posted on 05/01/2022

5 Ways Sellers Can Reduce Their Risk When Offering Financing

Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....

Financing

+ 11 more

Posted on 11/07/2021

4 Ways to Reduce Home Buying Stress

40% of all homebuyers report that buying a home is one of the most stressful events in their lives. There are many sources of stress, but the more prepared you are, the better you’ll be able to handle them. Here are some tips for handling the most common stresses of buying a home: Find the Right Real Estate...

Adjustment

Buying A Home

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Posted on 10/03/2021

What Are Bridge Loans and When to Use One

Photo by Karolina Grabowska from Pexels When you're buying a new construction home, you may be in a situation where you can't sell your existing home until the new one is complete. This can cause added financial stress, but it doesn't have to. Bridge loans are specialized loans that can eliminate this added pressure. Here are a few...

Bridge Loans

Home Building

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Posted on 02/14/2021

Mortgage Pre-Approval Details You Need to Know

Image by Mediamodifier from Pixabay As you enter the home buying process, some people may recommend that you seek mortgage pre-approval. This is typically one of the first steps in the process, and you may view it as something you have little choice over. Yet mortgage pre-approval is not a requirement to start shopping for a house, and...

Preapproval

Mortgage

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Posted on 01/31/2021

Looking to Buy a Home? Let's Start with Your Loan

Photo by Nattanan Kanchanaprat via Pixabay If you’re in the market to purchase a home, it can be a confusing process. Interest rates, types of loans and what may apply to you can all sound like a foreign language. It’s always best to have some background knowledge before going to see a mortgage broker to make sure you’re...

Mortgage

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Posted on 03/15/2020

What Are Conforming Loans?

Image by InspiredImages from Pixabay When you plan on getting a mortgage, you have some choices. There are conventional, FHA, VA and other options. One term you'll likely hear is a conforming or a non-conforming loan. If you aren't sure what that means, you could end up confused about the kind of loan you're actually getting for your...

Home Loan

Loan

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Posted on 12/15/2019

Why Select a Bridge Loan?

Image by 3D Animation Production Company from Pixabay Understanding the type of loan you're getting matters, to protect your financial interests. You also need to know when to choose one type of loan over another. So, should you choose a bridge loan? When might that be the best choice for getting into the home of your dreams? Here's...

Loan

Home Loans

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