Tag: Financing

Posted on 07/04/2021

Many foreclosures are often sold “as is” and require some work. The seller may also be more open to negotiating a lower price based on the number of repairs that need to be done. You could save quite a bit of money if you can do a lot of the work yourself. Special Loans Some lenders have loan...

Buying A Fixer Upper

Buying A Home

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Posted on 03/28/2021

Should you Choose a Land Contract or a Mortgage?

Image by mohamed Hassan from Pixabay A land contract and a mortgage have a number of similarities. For example, you can use either option to purchase a home Both loans must be repaid on a monthly basis. Understanding the Differences A land contract is a legal agreement between a buyer and a seller. Rather than a traditional mortgage...

Financing

Loans

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Posted on 02/21/2021

Credit Scores & Your Monthly Payment

Photo by Lukas from Pexels Before you even start looking for a home, you should know what your credit score is. You can pull your own credit score from the three major bureaus without having points deducted from your credit score. You should know your score since it will affect how high your mortgage payments will be, and...

Credit Score

Mortgage Payments

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Posted on 08/30/2020

Mortgage: Fixed vs. Adjustable

Photo by NeONBRAND on Unsplash Once you are ready to buy a house, you need to check your finances to determine how much you can put down, and how much you can afford to pay on a monthly mortgage. Knowing this helps you determine how much house you can afford. However, your interest rate is going to play...

Fixed Rate Mortgage

Adjustable Rate Mortgage

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