How to Get A Home Loan

How to Get A Home Loan

Not all lenders are created equal! Find out how to secure the best home loan to fit your needs. If you are thinking about buying a new home, one of the first steps is to establish your price range.  The best way to determine your home buying power is to speak with a lender or mortgage banker/broker.  S/he will ask you for information to determine your debt to income ratio (DTI).  You will need to provide tax returns, W2s, pay stubs, and bank statements, and they will also need to obtain your credit score.  There are usually no up-front fees...Read more
Is an Encumbrance Affecting the Value of Your Property?

Is an Encumbrance Affecting the Value of Your Property?

Find out how non-possessory interests, or encumbrances, can affect the value of your property. An encumbrance is an interest in real property that is held by someone other than the owner of the property.  Anything that affects the use or the title of a property is an encumbrance.  Encumbrances are very common and while it is not always a problem to purchase an encumbered property, it is important to understand the type of encumbrance you are dealing with to know how it may limit the use or transferability of your property. Encumbrances fall into two general categories: financial encumbrances and...Read more