Closing Cost Rules
Buying a house can be expensive. You expect to have a large down payment, but sometimes the amount of the closing costs can take you by surprise. By the time you see the extra expenses, you may feel...
View ArticleWarranty Deed Information for Michigan
Property titles are held by the owners of the home and property. If the owners sell the home to someone else, the title is transferred by using a warranty deed. The state of Michigan accepts warranty...
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What Is the Process for First Time Home Buyers When Buying a Home in Minnesota?
Buying your first home is filled with excitement, anxiety and financial responsibility. Minnesota housing programs for first-time buyers can cut down on some of the out of pocket costs and prepare you...
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How do I Purchase & Finance a Mobile Home?
A mobile home, or manufactured home, offers a number of advantages to a consumer. The process of purchasing a mobile home can be very quick, allowing a consumer to be in a home in a matter of weeks or...
View ArticleHow Much of a Deposit Do I Need for a Mortgage?
Generally, homebuyers need to make a downpayment of between 3 1/2 and 20 percent of the home's purchase price. The downpayment goes towards the purchase of the home and does not include standard...
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What to Look for When Buying Real Estate
Buying real estate, whether you are looking for an investment property or a place to live, is a major financial commitment. Before you start signing a purchase agreement, there is a checklist of...
View ArticleThe Required Percentage Down on a Home Mortgage
There isn’t a standard required down payment to purchase a home. The down payment depends on many different factors. The lender creates minimum down payment guidelines that can change depending on the...
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How to Find Lease Options for a House
Lease options may provide flexible solutions for the acquisition of your first house. You may need to conduct extensive research in areas where you want to live, or contact a real estate professional...
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How to Find Fixer Uppers
Real estate investing can offer opportunities that enable small or large-scale operators to acquire, develop, rent or sell fixer-upper homes. To locate distressed properties, you may need to review...
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How to Read the Land Size on MLS
The multiple-listing service (MLS) is a database containing new and sold real estate property information. The data comes from submissions by real estate professionals and contains land sizes in the...
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Everything You Need to Know Before You Buy a Co-Op or Condo
Buying a co-op or condo is like buying a house, though there are a few key differences. Condos and co-ops are often less expensive than free-standing houses. Condos and co-ops are typically smaller,...
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What Is a Quick Land Deed?
A quick land deed is more commonly known as a "quit claim deed." A person transferring ownership of real property to another by deed is known as a "grantor." A person to whom real estate ownership is...
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How to Calculate Real Estate Commissions
Real estate agents are invaluable sources of information for first time home buyers, but they do come at a cost. According to realtor.com, real estate agents charge about 6 percent of the home's sales...
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First-Home Checklist
There are many reasons people decide to buy a home. Some wish to earn equity instead of paying rent, some are starting or expanding a family, and others want to take advantage of federal tax credits or...
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How to Give a First-Time Home Buyer Seminar
First-time home buyers need a lot of advice. From choosing a lender to getting a property inspection, new faces to the real estate market can benefit from informative first-time home buyer seminars. If...
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Affordable Retirement Living in the Caribbean
As many Americans travel extensively and see many parts of the world, it is no surprise that a growing number of retirees are choosing the Caribbean to live. The Caribbean offers many beautiful and...
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Pennsylvania Housing Grants
Buying a house can be a very exciting experience, but it is also a very costly one. There are a number of Pennsylvania housing grants as well as forgivable loans that can be used to defray various...
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Risks of Buying Timeshares
On the surface, buying a timeshare property may sound like a good idea. You gain access to a vacation property at a predetermined time of the year, often for a period of 20 years or longer. This can...
View ArticleHow to Find Out How Much You Can Afford When Buying a House
Purchasing a new home is a significant undertaking. Many prospective homeowners struggle with estimating a housing budget. According to CNN Money, most lenders won't lend you more then 36 percent of...
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How to Get the $7,500 Tax Credit When Buying a New Home
When Congress passed the Housing and Economic Recovery Act of 2008, it allowed families and individuals who purchased a new home between April 8, 2008, and Jan. 1, 2009, to receive a tax credit up to...
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