Archive for the ‘Questions’ Category

What mortgage covers

Tuesday, June 3rd, 2008

Most loans consist of four parts: Principal: the amount you actually borrow; Interest: payment to the lender for the money borrowed; Homeowners insurance: a monthly amount to insure the property required by most lenders; Property taxes: the annual city/county taxes assessed on your property. Most loans are for 30 years, 20, ...

Finding a lender

Wednesday, May 28th, 2008

You can finance a home with a loan from a bank, credit union, private mortgage company, or various state government lenders. When you decide to buy a house you will have to shop for a loan, which like a regular shopping for any other large purchase. You have to ...

Real estate brokers

Saturday, May 17th, 2008

Using a real estate broker is always a very good idea because all the financial details involved in buying a house can be rather confusing. A good real estate agent can guide you through the entire process since he/she is well-acquainted with all the important things. The broker can give ...

Special homeownership grants or programs for single parents

Tuesday, March 11th, 2008

There is help available for single parents who want to become homeowners. Although as a single parent, you don't have the benefit of two incomes, which can qualify for a bigger loan, you may consider getting pre-qualified, so that when you find a house, the buying process will be much ...