Tag: Financing

Posted on 01/16/2022

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 08/30/2020

Pros & Cons of Financing with a Mortgage Lender

Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...

Mortgage

Lending

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Posted on 07/12/2020

Funding Options for Home Building Lots

Image by Peggy und Marco Lachmann-Anke from Pixabay You’ve decided it’s time to build the dream house you’ve always wanted. An exciting time! Prior to hiring builders to construct your home, it’s critical to understand the financials involved before you start the planning process. Securing funding for land is different than obtaining a traditional home mortgage. For starters,...

Financing

Land

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Posted on 09/01/2019

Facts You Need to Know About a Reverse Mortgage

Many times, advertisements create a false impression about reverse mortgages. Marketing depicts them as a simple, cheap way by which older homeowners can finance their retirement. It is critical to understand how reverse mortgages work because failure to do so might harm your financial future. Studies show that many homeowners do not have a proper understanding of reverse...

Loans

Financing

+ 1 more