Financing

Owning vs Renting

Owning a home is possibly one of the best financial decisions that you can make.  The investment that you will make in your home will continually build equity, and provide freedoms that renting can not offer.

Closing Costs

Real property in most jurisdictions is conveyed from the seller to the buyer through a real estate contract. The point in time at which the contract is actually executed and the title to the property is conveyed to the buyer is known as the "closing". It is common for a variety of costs associated with the transaction (above and beyond the price of the property itself) to be incurred by either the buyer or the seller. These costs are typically paid at the closing, and are known as closing costs. This section will help you understand more about closing costs and there purpose.

Seller Paid Closing

As a buyer, you may not have the funds that are needed for the down payment, or the closing costs.  A possible solution is for the seller to help by paying part of this expense.  This is called a "Seller Paid Closing" and this section will help you learn if this is something you may want to consider as a buyer.

Mortgage Saving Tips

A mortgage may feel like a never ending expense to some home owners.  This section describes an easy way to shorten the length of a 30 year loan, and lower the principle that is outstanding on your mortgage.

Mortgage Shopping

The same care and consideration you give to finding the right house should be applied to your search for the right mortgage lender.  This section provides some useful tips to help you find the perfect loan for your home.

Applying for a loan

For many buyers, applying for the mortgage loan is one of the more stressful aspects of buying a home. The loan application need not be a stressful time. This section explains a few easy steps which will help you sail through the loan application process.

Get Pre-Qualified

A number of factors determine the price range of homes you'll want to preview - one of these factors is loan pre-qualification.  Knowing what you can afford before you begin the buying process will prevent many of the holdups that can occur during the buying process. This section will explain more of the advantages of getting pre-qualified.

Creative Financing

This section provides some innovative home-financing arrangements that help finance a property.  This section is useful for understanding the different financial issues that can arise when financing a new home.