Tag: Loan

Posted on 12/12/2021

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 09/26/2021

New Homes: The "Before" Checklist You'll Want to Consider

Photo by PhotoMIX Company from Pexels Sometimes getting ready to buy a home feels stressful. But it doesn't have to be when you take clear steps to get financially ready for the exciting world of homeownership. Here are a few quick items to consider before stepping into your new home. Do You Have a Down Payment? Depending on...

Credit

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Posted on 06/13/2021

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...

Home Loans

Loan

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Posted on 04/25/2021

Mortgage vs Construction Loan: Understanding Key Differences

Image by pasja1000 from Pixabay Most homeowners have a mortgage against their house, and homebuyers who purchase existing homes usually secure a traditional mortgage before closing. When building a new house, however, you’re likely to need a construction loan before getting a home mortgage. Here’s a breakdown of each, including how they’re used in the new home building...

Construction Loan

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Posted on 02/23/2020

Home Buying Journey: 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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