What is a lease purchase? A Lease Purchase Agreement is generally an agreement between two people regarding a piece of property. One person is the landlord (and/or the owner), while the other is called the tenant. The owner of the a of property, typically (but not always) a single family home, and decides to sell […]
How To Assure A Smooth Home Purchase
It is important to make sure the closing goes smoothly. There are a lot of people that will be involved in the transaction of buying your house. Here is a list of who these might include. • Mortgage broker • Loan processor • Realtor • Seller • Home inspector • Pest and dry rot inspector […]
Five Successful Home Ownership Cases
Successful Home Ownership I – “Qualify” vs. “Afford” In my many appointments with hopeful homeowners to be and with those hoping to make a transition to another home or purchase a second home, I often draw a simple distinction between two words—qualify and afford. The word qualify is my word. As the lender I need […]
Is Now A Good Time To Buy A Home?
Is now a good time to buy a home? Many are asking me this question. My answer has little to do with the fickle market and everything to do with you. Two or three polls are sending conflicting information to home buyers right now, and it’s time we had a heart-to-heart. Everyone wants to know: […]
Competing With All-Cash Buyers
We often hear phrases like “Cash is King” and “Money walks,” somewhat trite but true aspects of an active economy. However, when it comes to the housing market, the cash is king mentality has taken on a whole new meaning. In many cities, and even state-wide, a large percentage and even majority of all housing […]