Wednesday, October 23, 2019 / by Suyapa Sauceda
How Do Mortgages Work?
When you take out a mortgage, you borrow money from a lender to buy your home. A mortgage is a secured loan with your home as collateral, so the lender will hold the title to the property until the loan is paid in full. You will make payments on the loan each month, including interest, until it is paid off. At that point, you'll hold the title and own your home outright.
When you choose a mortgage, you have four major decisions to make: the lender, loan type, loan term and interest rate type.
Types of Mortgage Loans
There are two major types of mortgage loans: government-backed and conventional. Government-backed mortgage programs offer guarantees to lenders that reduce their risk and can make it easier for borrowers to qualify for a mortgage. Conventional loans do not offer the same guarantees but may have lower interest rates.
Government-Backed Mortgages
FHA loans. The Federal Housing Administration, part of the U.S. Department of Hou ...
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buying a home, financing, mortgage
Wednesday, September 18, 2019 / by Suyapa Sauceda
Infographic created by Ward North American
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buying a home, real estate, moving
Monday, October 22, 2018 / by Leon Zhivelev
Contributed by Jim McKinley
How to Give Your Bathroom the Upgrade You Deserve for Less
When you think about remodeling your bathroom, you may feel those pursestrings instinctually tighten. That’s understandable; the average price of a full-scale bathroom remodel is over $19,000, and that figure can hit upwards of $25,000 for fancier projects. That’s not too friendly to the homeowner on a budget. However, the good news is you don’t have to spend anywhere close to that. Here’s what you need to know if you want to give your bathroom a significant upgrade without breaking the bank.
Set a Realistic Budget
Don’t do anything before you figure out a realistic budget — don’t call a contractor, don’t knock out a single piece of tile, and don’t change your toilet seat. A proper budget is crucial to getting your remodel done at a reasonable price. First, you have to decide exactly what you’ll be DIYing and what youh ...
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investment, single-family homes, buying a home, remodeling
Thursday, October 18, 2018 / by Leon Zhivelev
Yesterday, the Julie's Realty Team made their way over to the YotelPad Sales office to preview their brand new pre-construction bringing their one-of-a-kind brand to Downtown Miami.
YOTELPAD in downtown Miami, this project is perfect for the foreign or local buyer, the new innovative way to condo in Miami.
YotelPAD is the latest residential extension to the YOTEL & YotelAir brand, bringing to the market efficiently designed units to utilize the space in a way to fit everything you need without compromising on luxury.
Sales Executive, Mellisa Pardo, gave an excellent presentation explaining exactly how unique, innovative and cost-effective thee YotelPad project vision and lifestyle will be.
This development is perfect for the international and local US buyer giving them the opportunity to purchase a residential unit with the convenience OF NO RENTAL RESTRICTIONS allowing the buyer to have the freedom to optimize his rental capacity through numerous options.
Perfect for invest ...
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investment, market update, pre-construction, downtown miami, sales presentation, buying a home, mortgage, yotelpad
Monday, June 25, 2018 / by Leon Zhivelev
Written By: Jim McKinley
According to a 2017 report, about one-third of homebuyers aged 18 to 36 said their desire to
have room for their pets influenced the decision to buy a home. Experts recommend the
following tips if you have or plan to get a dog.
Inside and outside space to zoom. Wider hallways and open spaces give dogs plenty of room to
play. See if your new home will accommodate an area you can fence off for the dog to call
“home,” especially when you’ve first moved in.
Backyard size. Some dogs require minimal space to toilet and zoom. Other breeds like lots of
room to stretch their legs. Examine home backyards for landscape designs that might be dog-
incompatible. If you’re downsizing, check for other areas where you can get your dog the
exercise they need.
Durable floors. Dog claws do a number on hardwood floors. Carpet’s practical, if it’s a durable
style that doesn’t show wear and tear. Also, it cleans easily, asm ...
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investment, single-family homes, buying a home, dog
