Posts Tagged ‘credit’

Purchasing A House – Don’t Be Fooled By An Appraisal

Sunday, September 12th, 2010

Numerous homebuyers incorrectly suppose an appraisal of a home will be the last authority on its price. To your novice homebuyer, he or she unquestioningly accepts this home price as set in stone. Read More >

Buying A Home – Is It Really Better Than A Condo?

Thursday, July 15th, 2010

If you’re contemplating purchasing a property in a condo, townhouse, or subdivision development, you’ll be forced to follow a stringent homeowner association rules and regulations; pay fines when you fail to obey these rules; be subjected to a property lien when you can’t keep up with the monthly association fees; violation fees and other assessments; and receive additional fines when you break the rules. Read More >

Canada Offers Mortgage Insurance, Must You Bite?

Sunday, July 11th, 2010

For those wanting to purchase a residence, the Canadian housing finance system has made it possible to do so without paying the entire down payment. Buyers will be able to get the interest rate of a 20% loan while only paying at least 5% money down. How is this possible? This is made possible by buying loan insurance for the amount borrowed on the mortgage. Risk of the loan defaulting is reduced for the lender and the buyer is able to buy a home without making the entire down payment. Read More >

Buying A Home – Don’t Waste Any More Of Your Life Renting

Monday, June 28th, 2010

If you’re like most renters, you dream of the day when you can buy a home, but you fear you’ll never qualify. It’s not uncommon for most renters to find excuses on why they can’t buy a home. Unfortunately you’ll even find renters in their thirties and early forties who haven’t purchased their first home and continue to suffer with the headaches of renting. Most of them truly believe they can’t afford to buy a house. Read More >

Buying A Home – Overcome Your Prequalification Woes

Monday, June 28th, 2010

If you’re a seasoned homebuyer, you’re already familiar with the procedure of prequalifying with a bank to find out how much home you can purchase. In today’s competitive real estate market, a seller won’t take your offer seriously without proof of your ability to fund the purchase. The bottom line is, what you can qualify for hinges a lot on you. Read More >