Whenever you are trying to get a loan, the lender will evaluate your financial health. The lender performs this evaluation for many reasons, but it mostly comes down to their desire to cover their liability. In other words, they want to make sure that you will be able to pay them back. If you are…
What Is A Construction Loan And How Does It Work? A construction loan is pretty self-explanatory. As the name implies, it is a loan that is taken for the purpose of building a home. These loans are most often obtained from banks and other financial institutions. There are relatively few of us that can actually…
It’s time to make a move to your new home. According to Tim Ellis of Redfinblog.com, waiting for your property value to increase before selling is a mistake. There’s a high probablity that the price of the home you’re purchasing will increase faster than the price of the home your selling. Add current low interest rates…
In an analysis of whether renting or buying a home costs less, Chief Economist, Jed Kolko, finds that it’s 44% cheaper to own than to rent. In an article on Trulia Trends, Kolko outlines his methodology and results that may surprise you. Buying is currently cheaper than renting in all 100 of the larger metropolitan…