by luxretail | May 15, 2016 | Home Buying, Investors
What is the difference between a second home and an investment property? Although they sound very similar, the two types of homes are actually quite different – especially when it comes to their financing. Oftentimes people will use the terms “second home” and...
by luxretail | May 10, 2016 | Home Buying, Market News
Where is the US real estate market really booming? These five markets are seeing things heat up amid the spring/summer buying season. San Antonio, TX During the recession and housing downturn of 2007-2008, Texas seemed to fare pretty well, with several cities bouncing...
by luxretail | May 6, 2016 | Home Buying
When it comes to finding the best home mortgage for their needs and budget, most borrowers focus their attention on the interest rate. Understandable, since the interest rate can dramatically affect the affordability of a loan. So when looking at home loans...
by luxretail | Apr 29, 2016 | Home Buying
PMI, an abbreviation for private mortgage insurance, is an insurance premium charged by mortgage lenders and paid for by the mortgage borrower. Do I have to pay PMI? PMI is generally required on conventional home loans with an LTV (loan-to-value) ratio of more than 80...
by luxretail | Apr 25, 2016 | Home Buying
Homeowners insurance gives you more than just peace of mind. It provides financial protection against damage to your home and property, as well as legal protection for you and your family if they are held liable for injuries to others while in your home. For these...
by luxretail | Apr 18, 2016 | Home Buying, Refinancing
According to best-selling author and financial guru Dave Ramsey, more than 20 million Americans own their homes outright. If your goal is to join their ranks, there are a number of ways you can achieve it. Let’s explore some of the options… 1. Making extra payments...
by luxretail | Apr 12, 2016 | Home Buying
Getting a mortgage is a big step in any homeowner’s life. Not only is it often necessary for buying a home, it is also a very important financial commitment. And since you, as the mortgage borrower, will be contractually obligated to repay a very large amount of money...
by luxretail | Apr 6, 2016 | Home Buying
Pre-qualifying for a mortgage is usually the first step people take when they begin the journey of home financing. In order to become pre-qualified, you’ll need to provide certain information to your lender. In this post, we’ll review which information and...
by luxretail | Mar 28, 2016 | Self Employed
“Can I really get a mortgage if I’m self employed?” We come across this question often. And the answer is yes – as long as you meet the necessary criteria. For self employed mortgage applicants, the process may be a little different, maybe with a few extra hurdles to...
by luxretail | Mar 20, 2016 | Market News
Thinking of buying a home in Connecticut? It could be a really smart move, as The Constitution State is steadily seeing improvements in their real estate values. According to data from Zillow, Connecticut’s median home value is expected to increase 0.3% within the...
