FAQ
Am I Ready to Be a Homeowner?
Understanding your financial situation, including your credit score, debt, and more, can tell you whether you’re ready to start the home search or if you need to do a bit more prep work first. Ensure you’re on solid ground before you start your home search.
Is Renting or Buying Better?
Owning a home may be a lifelong goal for many Americans, but that doesn’t mean it’s for everyone. Renting does have its advantages, too. For some people, renting might make more sense for their financial circumstances. Below, we’ve listed 10 of the main advantages of renting instead of buying a home.
What Is the Lender’s Formula?
The “lender’s formula” typically refers to the formula used to calculate the Equated Monthly Installment (EMI) of a loan, which is a common method used by lenders to determine the regular payment amount for borrowers. It essentially breaks down how much of the loan payment goes towards interest and how much towards the principal.
Do I Need a Home Warranty?
A home warranty reassures a home buyer and provides the seller with a measure of protection against complaints about home defects that arise after the sale …
What Should I Expect at Closing?
At closing, expect to finalize the real estate transaction by signing all the necessary legal documents and paying the remaining closing costs. This typically includes reviewing and signing the mortgage agreement, deed, and other related paperwork. You will also hand over the funds for the down payment and closing costs, and in return, you will receive the keys to your new home.
What Is Pre-approval?
In lending, a pre–approval is the pre-qualification for a loan or mortgage of a certain value range.
What Should I Offer?
The question “What Should I Offer?” is too vague. To provide a helpful answer, it’s crucial to know what you are offering and what the context is. For example, are you making an offer on a house, a job, or something else? Once the context is clear, the “what” and “how much” of the offer can be determined.
Can I Ask You for Advice?
The question “What Should I Offer?” is too vague. To provide a helpful answer, it’s crucial to know what you are offering and what the context is. For example, are you making an offer on a house, a job, or something else? Once the context is clear, the “what” and “how much” of the offer can be determined.