“I don’t have a problem with credit,” a potential new home buyer says. “I pay my bills on time. I never have trouble getting a loan.” That may be true. However, according to several surveys, most people are surprised by at least one piece of information in their credit report. ...
Continue ReadingTHE FOLLOWING ARE GENERALLY THE RESPONSIBILITY OF THE BUYER: Bank costs, including application fee, credit report, appraisal or inspection fee, processing fees and bank attorney fees. Attorney fee for representation of Buyer’s interests at passing of papers (ranges from $300 up.) Tax escrow to bank if bank is paying taxes. ...
Continue ReadingHabitability Requirements for FHA and USDA Loans Home buyers who are looking to purchase a home using an FHA or USDA loan may be surprised to learn that there are certain restrictions or criteria a property must meet in order to be eligible to receive this type of home financing. ...
Continue ReadingAs you tour a potential new home, you notice that the carpeting in the living room is stained. “Don’t worry about that,” says the homeowner, who senses your disapproval. “We’re going to get the carpeting professionally cleaned before we move.” Should you take their word for it? Regardless of how ...
Continue Reading“Can we afford it?” That’s the first thought that comes to mind when shopping for your next dream home. Fortunately it’s an easy question to answer if you consider your lifestyle, financial goals, expenses and mortgage eligibility. Lifestyle There’s more to life than just paying the mortgage and other living ...
Continue ReadingWhat is Radon? Radon is a naturally occurring invisible, odorless, tasteless gas that is emitted from the ground and can be found anywhere with no real rhyme or reason to where it may turn up. The gas derives from the natural breakdown (radioactive decay) of uranium and is usually found ...
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