Renting Or Buying? Which is Better?
It’s hard to say what is better: to rent or own a house? With today’s market you never know. This video will give you the numbers behind renting and owning. Make up your decision after you see this.
Why Not Rent-To-Own?
Did you know that you can rent your place and put that towards owning it one day? Rent to own leases are more common these days and prove to be beneficial in the long run. This type of lease is easy to come by and easy to do. Simply go to your mortgage broker and talk to him or her about wanting to get a lease-to-own purchase.
What Is Rent-To-Own Purchase?
Simply put, a rent to own purchase is a lease which is combined with an option to own your home in a set time period, usually 3-5 years for a specific price. The borrower will pay an option price of 1% or up to 5% of the price of the house. This is then credited to the purchase of the house. The borrower will continue to pay rent and a rent premium which will all go towards the purchase of your home. Continue Reading »
Get The Basics On Renters Insurance
When you are renting you probably don’t even consider getting renters insurance. I mean, the landlord has insurance so why should you? Because your landlord only has insurance on the building and not what’s inside it. Your personal property is not covered. So what would happened if there is a robbery or fire? Renters insurance can protect you against these perils. Continue Reading »
Condo Living – What You Need To Know
Nowadays, condo living is becoming more and more popular. Many people today are bypassing purchasing a home altogether in favor or a condo. There are many benefits to having a condo. However, there are facts to consider before purchasing your condo. Continue Reading »
Two Ways To Make Your Home More Affordable
With the recent economy being what it is, more and more Americans are having trouble staying afloat and, therefore, struggling to make house payments. While the government is realizing this they have made some changes to loan modification and refinancing.
More than ever millions of Americans may be eligible for refinancing their home or modifying their loan as a means to make their home more affordable. This can help lower your fixed rate and payment even if you couldn’t qualify before. Some homeowners who tried before may have had lower equity, undervalued homes and even low credit scores. If these problems still exist, but you have been making your payments on time and in full, you may be eligible for a government plan of a streamlined refinance. Continue Reading »