The Ultimate Guide To Hard Money Loans

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There are multiple types of loans out there and one of the easiest to get is called a hard money loan. On the other hand, it is also important for people to avoid being lured in by an attractive loan offer because it might be expensive. When it comes to a hard money loan, there are a few important points that people should note. These can be an essential tool for investors. What Is A Hard Money Loan? As a rule of thumb, most people look at a hard money loan as a tool of last resort. This is usually…
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A Guide To Everything Regarding Instant Pre Approved Home Loans

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There are many people who set buying a home as one of their major life goals. There is a lot that comes with owning a home including a major investment opportunity, a sense of stability, and a feeling of pride; however, homes are also expensive. It can be challenging to find a home loan. A traditional mortgage requires a thorough credit check and could take a long time to get approved. Some people might not even qualify. On the other hand, there is also a helpful alternative called an instant pre-approved home loan. There are a few important points that…
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Target The Lowest Borrowing Costs Possible When Applying For A Mortgage

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When someone is applying for a mortgage, it is important to consider the other costs that go along with taking out this type of loan. While many people focus on the down payment, the size of the loan, and the interest rate, there are other costs that might go along with taking out a mortgage. These hidden fees are sometimes referred to as "nickels and dimes" that the lender tacks on to the loan to try to make some extra money. When compared to the size of the loan, many borrowers shrug this off because the loan is so big; however,…
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What Is Mortgage Insurance?

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When it comes to putting a down payment on a house, most lenders are going to ask for 20 percent; however, some lenders will be willing to accept a smaller down payment in exchange for something else. That something else is usually mortgage insurance. If a lender says they are asking for mortgage insurance, which is also shortened to PMI, it is important for everyone to know what this means. An Overview Of PMI PMI stands for private mortgage insurance and is usually required if the borrower is putting down less than 20 percent. The lender will usually go out…
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Should You Buy A Home Warranty?

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When you buy a new house, the first thing you want to do is protect your investment. You already have property insurance. Should you also buy a home warranty? What Is A Home Warranty? A home warranty is not the same thing as insurance. Home warranties are service contracts. If a covered item breaks down and it is covered in the terms of the warranty, the home warranty company will pay to fix or replace that item. What is Covered Under A Home Warranty? Every home warranty contract is different but generally, a home warranty may cover items like major kitchen appliances,…
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How To Tell If A Home Has Been Well-Maintained

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As a homebuyer, your real estate agent will do their best bring you to see homes that meet the criteria you asked for. However, there's no guarantee that a home will have a history of being properly cared for. Your real estate agent can choose the homes you see, but they have no control over the property owner's homeownership habits. Why Home Maintenance Matters Home maintenance should matter to you as a homebuyer and later on as a homeowner. A home needs consistent and proper maintenance in order to run efficiently, and that doesn't only apply to moving parts like…
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