What is an appraisal gap? An appraisal gap is the difference between what you agree to pay for a home and what an appraiser deems the fair market value. If the home is not worth as much as you’re seeking from a lender, you may… Read Full Article Share FacebookTwitterLinkedIn
What is a home inspection and what does it include? A home inspection is a thorough examination of a property by a trained professional before a sale is completed. The inspection is focused on the quality and safety of the home and the many systems installed within it. Drainage, structure,… Read Full Article Share FacebookTwitterLinkedIn
How much does a home inspection cost? A home inspection will typically cost you between $450 – $1,000. Location, size and age of the home will impact the price. You might be overwhelmed by the number of closing costs required before you move into your new home,… Read Full Article Share FacebookTwitterLinkedIn
Should I get a home inspection? This may be one of the most important things you do throughout the home buying process. An inspection is your first line of defense against potentially costly issues hiding within your home — from the structure itself to plumbing, electrical,… Read Full Article Share FacebookTwitterLinkedIn
What happens if I want to sell my home before my mortgage is paid off? Don’t worry — this is common because many people have to move or want to sell before their mortgage is paid off. When you sell your home, the goal, of course, is to sell it for more than you paid…. Read Full Article Share FacebookTwitterLinkedIn
Is there anything I should keep in mind after closing? Closing on a home mortgage loan is a big deal. This might also be a good time to begin (or continue) planning for the future by creating a financial planning checklist. Have you thought about life insurance, creating a trust,… Read Full Article Share FacebookTwitterLinkedIn