What does a person need to know before they buy a home? How much will it cost upfront and what will the monthly payment be? What other costs are associated with owning a home? What tax benefits might I reap? How can I determine if a home is a good value? How can I know […]
Just attended a great presentation by Secondwind Environmental Services about water quality and the real estate transaction. Here are a few of the things I learned: There are primary and secondary standards. Maximum Contaminant Levels are set for both. The primary standards are health related. Secondary standards have more to do with aesthetics and functionality […]
Thinking of an RD loan? 11 communities will no longer be eligible for RD loans as of 1/15/14. Originally this was scheduled to occur on Oct 1st but thanks to the government shut down the time frame was extended! In order to purchase in an eligible area that will be ineligible in 2014, you […]
Apply on line with Bookend LendingMortgage Company and we will obtain your 3 credit reports in a merged file, send you a consumer copy and review it with you. Everyone is entitled to a free credit report from each of the 3 bureaus each year! The one and only official site is www.annualcreditreport.com Read more about credit […]
Re/Max Connection, Bookend LendingMortgage and Horizon Settlement Services combine their many years of experience in the local market to bring a 2-hour seminar to first time buyers. Topics include a description of the home buying process, the requirements needed to qualify for a mortgage (you may be surprised by how affordable home ownership is […]
People who wish to purchase a distressed property and use a rehab loan to fix it up after closing have several options including FHA 203K and FHA 203Ks programs. Rural Housing (also known as RD, USDA or Farmers’ Home Loans) does have provisions for a minor amount of rehab money (under $10K) or ,when combined with […]
If you are thinking of purchasing a home or refinancing, this article provides some basic mortgage facts that will help the homebuyer understand more about their options: TERMS – the term of a mortgage is the number of years to repay the loan 30 Year Fixed Mortgage Rates This loan program is fixed for 30 […]
What is a reverse mortgage? A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash. The equity built up over years of home mortgage ownership can be paid to you. But unlike a traditional home equity loan or […]
Short sales can be great opportunities for you but they involve a longer wait period to find out if your offer is accepted. Lets define short sale and then discuss the process. A short sale occurs whent he seller owes more than he can sell the house for and he asks one or more lienholders […]
