Expert Insights: What Are Closing Costs?
Closing or settlement costs are expenses over and above the price of the property. Both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer or seller...
Expert Insights: Do I Need an Attorney to Buy a Home?
A lot depends on the state where the property is located. Some require an attorney; others do not. Most homebuyers can generally handle routine real estate purchase contracts as long as they read the fine print and understand all the terms, but pay close attention to...
Expert Insights: Can You Negotiate Interest Rates?
A few lenders will negotiate the mortgage rate and number of points on a loan; however, this is more the exception than the rule with established lenders. As always, shop around and know the market before you enter a lender’s office. Rates are often published in...
Expert Insights: Is It Possible to Buy a Home Below Market Price?
Certainly, but it takes a lot of determination and time to find a real bargain. But if you are adamant, here are some likely targets to pursue: -Foreclosed property -A fixer-upper -Hard-to-sell new homes in a housing development -Tenant-in-common partnerships With the...
Expert Insights: Is Private Mortgage Insurance Necessary?
Lenders require private mortgage insurance (PMI) on most conventional loans with less than a 20 percent down payment. They believe there is a correlation between borrower equity and default. They have found that the less money borrowers put down, the more likely they...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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