By: Ray Flynn of diyguys.net Maintaining your home’s HVAC system can be overwhelming if you aren’t familiar with the parts and how they work together, but it’s important for homeowners to understand how they can keep things running smoothly. Not only can it save you money — both in repair costs and over [...]
Written By Michael Longsdon Are you considering moving to a smaller, easier-to-manage home as you grow older? Many seniors want a property that is a lighter burden, both in terms of workload and finances. If you’re thinking a downsize is the right move for you or someone you love, here’s important information to [...]
1. Fannie Mae offers to pay your closing costs… With Fannie Mae’s HomePath Ready Buyer™ Program, First-Time Homebuyers may qualify for up to 3% closing costs, points, and prepaids. This may translate into thousands of dollars worth of savings. Restrictions apply, so always confirm with your Realtor that you and the HomePath property are [...]
Co-ops can be a strategic way to purchase a great piece of property for a substantial discount. If the shareholders of the co-op purchase the land from the landowner then property values could skyrocket, as the co-op converts to a condominium (to learn more about investing in a land-lease co-op, click HERE). For example, [...]
Co-ops can be a strategic way to purchase a great piece of property for a substantial discount. At first glance, the premise behind a co-op may seem rather intimidating and confusing. However, after fully understanding the terms and conditions, certain co-ops prove to be fantastic deals. Lisa Smith of Investopedia explains that, “Co-ops are [...]
Nowadays, it is sometimes challenging to find a condo eligible for conventional financing. Mortgage underwriters consider the following factors when deciding whether to fulfill a loan or not: 1. Do investors own 50% or more of the community? When investors own half or more of the units in a community, this to raises a red [...]
With Fannie Mae’s HomePath Ready Buyer™ Program, First-Time Homebuyers may qualify for up to 3% closing costs, points, and prepaids on HomePath properties. This may translate into thousands of dollars worth of savings. The amount Fannie Mae contributes toward closing costs is determined by the agreed-upon sales price. For example, if Fannie Mae agrees [...]
