Homeownership is one way to grow your wealth. Most of the time property values tend to rise while you pay off the mortgage. When you pay off the principal on your home and the value rises, you gain equity in your home. This is the monetary value between the amount you owe and the possible […]
Buying an as-is home comes with some unique advantages. However, you’ll want to take some steps to ensure that you’re protected once you move in. What Does “Sold As-Is” Mean? A seller lists a home for sale as-is when they don’t plan to perform any repairs before the closing. When you buy such a home, […]
Almost everyone dreams of buying a home some day. The biggest hurdle, as you may probably have guessed, is financing. A home is a big financial commitment, and represents the largest transaction we’ll make in our lives. As a result, saving for a home is one of the biggest priorities for people. Given that financing […]
Resources: Reasons To Use Home Equity Reasons To Borrow Your Home Equity homeequityloan.asp Home Equity Loans What is Home Equity? In business speak, equity refers to an individual’s share or interest in an entity. The same applies when applied to home ownership, specifically mortgages. The way mortgages work, you make a down payment on a […]
Seeking a loan for any purpose is a long and gruelling process. This is especially true for home loans. The government recognizes people’s need for easy access to credit for such purposes. For this reason, many federal and state-level institutions have programs that assist in securing a loan. The FHA loan is a common example […]