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Buying A Condo/Townhome Vs. A House

Buying A Condo/Townhome Vs. A House

One of the best things about living in an urban area is the many choices you get when it comes to housing, including condos, townhomes, and single-family homes. While single-family homes are the traditional choice of most Americans, more and more homebuyers,...
Buying In An Area Slated For Redevelopment

Buying In An Area Slated For Redevelopment

A redevelopment area may be defined as any of the following: A site with existing buildings where infill housing and/or new buildings, whether residential or commercial, are expected to increase density Previously occupied vacant sites where new construction will take...
Land Lease: Benefits and Drawbacks

Land Lease: Benefits and Drawbacks

Traditional home ownership involves owning both the house and the land where it sits. But on land lease deals, you’re only buying the house and not the land. In most cases, you enter a land lease paying for the lease of the land, possibly as part of an HOA fee. The...
Shopping For A “Good” Interest Rate

Shopping For A “Good” Interest Rate

Mortgage interest rates have been at historically lowest levels in recent years, but while they’re expected to remain relatively low in the near future, some increases appear to be forthcoming. Given this, it has become even more important to shop around for a “good”...
Understanding Loan Terms And Conditions

Understanding Loan Terms And Conditions

In buying a home, finding the right mortgage loan is an important step. Lenders offer various loan products to match their clients’ preferences and financial profiles. You need to understand the options available and decide which one best suits your situation and...