Whenever you make a large purchase, such as a house or a car, you will likely need to make a down payment. How much down payment do you need? It depends on the purchase and who is giving you the loan. What happens if you change your mind on your purchase? Will you lose your down payment? Learn the ins and outs of down payments here.
Buying A Home: Prepare Final Documents For Mortgage Approval
When you're in the final stages of buying a home, prepare the final documents you need for mortgage approval. Most people don't realize all the detailed documents that are necessary for mortgage approval when buying a home. Not having all the final documents available can delay mortgage approval and ultimately the home buying process.
Down Payment And Closing Cost Financial Assistance
When you're a first time home buyer you can potentially find money for a down payment or closing costs through a community group that helps promote home ownership. When you're a first time home buyer you should look at what local consumer groups offer to help with down payments or closing costs. Some groups offer second mortgages instead of direct down payment or closing cost assistance.
Second Thoughts On Timeshare
Timeshares are a horrendous business for consumers as there is typically is no ability to resell or even abandon the property (without causing huge problems for your credit history). Consult a real estate attorney to find out about your options for getting out of timeshares.
Home Inspection Contingency Essential To Deal
A home buyer deposits earnest money and signs an amendment to remove the inspection contingency rider to the contract. Later, an engineer inspection finds problems in the foundation and the home buyers want to back out. If the buyers signed away their rights to have a home inspection, then they cannot walk away after a poor inspection report.