As opposed to a fixed rate mortgage where all the payments are the same over the mortgage lifetime, adjustable rate mortgage means your payments will vary over time. The mortgage payments will fluctuate according to the interest rates. When the interest rate is adjusted your mortgage payments will be adjusted…
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Getting a low interest rate mortgage rate is the dream of every home buyer. However, while you try to negotiate a good rate with your lender, it may be a better idea to get in touch with a mortgage broker who will have more contacts and more influence with the…
Mortgage generally refers to a loan that is obtained in order to purchase real estate property. Since many of us will not be able to pay cash for a home, it is important to learn the fundamentals of a mortgage. Here are the basics: Interest Rate – Once you find…
Buying a home or a property is a long process and winning the financial battle is just another milestone in the process. Following are a few steps that you need to follow to make sure you get the best possible deal. Utilities – The attorney will need to send letters…
The current property market is a buyers market, and you can easily find great homes that were not affordable before. But, what about the down payment? You can now buy a home by just putting 1% down. If you want to buy a home in Virginia and are a first…
Real estate investment deals can often be confusing, especially to someone who is new to the game. Property prices vary according to locale, rate of development and proximity to amenities. Therefore here are seven types of investment land. 1. Land for sale in huge cities is a great investment opportunity,…
A lease purchase agreements is an agreement that allows the lessee or tenant to purchase the property after the lease has expired. The price of the property is defined in the lease purchase agreement. A lease purchase agreement is often beneficial to both the tenant and the owner. Here are…
It’s unfortunate, but many unscrupulous people are using the current economic situation as an opportunity to make a quick buck off of unsuspecting people. One of the most common areas for fraud is with home insurance online. While most companies provide reputable services, there are some people who will hide…
Late rents are one of the most common problems faced by property owners. No matter how careful your screening process might be, there is still a chance you might pick a ‘late rent payer’. Importantly, don’t hang around waiting for your tenant to pay his rent. Make sure you carry…
One of the biggest mistakes potential buyers make is letting their emotions make the decision. However it is important to look at the practical aspects of buying a property, since they are long term, high value investments. Here are five valid reasons why you should back out of the transaction:…