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Understanding Mortgage Terms for Home Buyers

Realty Biz

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home.

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5 Killer Tips For Beating a Cash Buyer

Realty Biz

To make an informed decision, it’s important to understand the following: 1) What is the inventory of houses for sale? You don’t want to hang your hat on a seller looking at a pre-approval letter from some no-name lender. One of the bigger stumbling blocks in any home purchase is the home inspection.

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Is The “Assumable Mortgage” Ready For A Comeback?

Toronto Realty Blog

by WATA, which not only sold for $870,000 last year, but which is now being offered for sale again at a reasonable $1,305,000. and there’s a person out there who values this game and would consider purchasing it, then there’s both supply and demand, and thus we have a market. For a goddam video game! Well, rate-holds!

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

Source: (LinkedIn Sales Solutions / Unsplash). Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Mark Moskowitz is a top-selling agent in the Agoura Hills area of Los Angeles, where he completes 17% more sales than the average agent.

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What Causes Pre-Construction Condo Cancellations?

Toronto Realty Blog

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

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Who Wants To Talk About Interest Rates?

Toronto Realty Blog

I would say that 7/10 of them are hearing me and in agreement…” She laughed. Of course, I looked up the history of the home and saw that he purchased it in 2009 for $752,000, and offered, “You know, you’re doing pretty well here, all things considered.” She understood. “You know, I found you online.

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Home Buying Checklist: A Survival Guide for Buyers

Redfin

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. Research mortgage options and get pre-approved for a home loan. Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.