05
Jun
By Adrian Willanger
Real Estate, ,

What Does “Sale Pending” Mean To Homebuyers?

Navigating the real estate market can be a complex journey, especially with the variety of terms and statuses you encounter during your search for the perfect home. One such term that often confuses homebuyers is "sale pending." What does it mean when a property is listed as "sale pending," and how should you approach these listings? Let's break it down. What Does "Sale Pending" Mean? When a property is marked as "sale pending," it indicates that the seller has accepted an offer from a buyer, and the home is in the process of being sold. However, the sale has not…
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09
Apr
By Adrian Willanger
Real Estate, ,

Essential FAQs for Homebuyers

Join us as we navigate through the common queries that may emerge throughout your mortgage journey. Remember, your quest for homeownership should be illuminated with comprehension and direction. Let’s discuss the primary 4 mortgage inquiries and decode the secrets to unlocking the gateway to your ideal home. What Sets Fixed-Rate Mortgages Apart from Adjustable-Rate Mortgages (ARMs)? A fixed-rate mortgage boasts a steady interest rate over the loan period, ensuring consistency in monthly payments. Conversely, an adjustable-rate mortgage (ARM) features a fluctuating interest rate that may shift periodically. While ARMs often commence with lower rates, they can escalate, potentially impacting monthly…
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27
Mar
By Adrian Willanger
Homebuyer Tips, ,

Insider Tips for Buying a Foreclosed Property: Your Ultimate Guide

Foreclosed properties can be diamonds in the rough for savvy homebuyers and investors alike. These distressed properties often come at discounted prices, presenting an opportunity to snag a great deal. However, navigating the process of buying a foreclosed property can be tricky and requires careful consideration. To help you make the most of this opportunity, here are some insider tips to keep in mind: 1. Do Your Research: Before diving into the world of foreclosed properties, it's crucial to arm yourself with knowledge. Research the foreclosure process in your area, understand the legalities involved, and familiarize yourself with the terminology…
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02
Nov
By Adrian Willanger
1 Comment
Homebuyer Tips, ,

How to Go From Renting to Owning a Home

Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current expenses and income to determine how much you can afford to spend on a home. Consider factors such as down payment, closing costs, monthly mortgage payments, property taxes, and homeowner's insurance. Save for a down payment: A down payment is typically required when purchasing a home, and the larger the down payment, the lower your monthly mortgage payments…
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08
Sep
By Jim Hasek
Homeowner Tips, ,

Does Your Homeowner’s Insurance Policy Cover Storm Damage?

If you own a home, you must make sure it is properly protected. Hazards can change throughout the year, and one of the biggest threats during the spring is the arrival of frequent thunderstorms. If your home is damaged by a severe storm, it might be covered by your homeowner's insurance policy. You need to take a closer look at your policy to see if you have the right coverage. An Overview Of Home Insurance An insurance policy is supposed to protect you against potentially severe financial consequences. For example, if your home is damaged, the repair bills could be…
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08
Jul
By Jim Hasek
Mortgage, ,

You Closed On A House: Do You Or Your Lender Own It?

You were able to find a house and successfully close on it, so congratulations on becoming a homeowner! Then, you pause for a second and think: does your lender own your house? Some people believe that if they only put 20 percent down on a house, the lender actually owns the other 80 percent. Does this mean that your lender still owns a large portion of your house? This is not the case, but there are some caveats that you need to keep in mind. Your Name Is On The Title First, you are the one who owns the house.…
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