When you apply for a mortgage you might come across the abbreviation “PITI.” Here’s what it means… PITI stands for Principal, Interest, Taxes and Insurance. Mortgage lenders want to be sure…
Browsing Tag
buying
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After having an offer to purchase accepted, a home buyer will typically hire a home inspector to thoroughly evaluate the major components of the home they are purchasing. While the buyer…
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Real estate advertising often includes lots of abbreviations. While this is done to communicate as much information as possible about a property in a limited amount of space, the abbreviations can,…
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The Federal Housing Administration (or “FHA”) was established in 1934 to advance opportunities for Americans to own homes. The FHA provides private lenders with mortgage insurance that gives them the security…
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Is it better to sell your current home first and then look for a new one – or to buy your next home first and then look to sell? The answer?…
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A home inspection is an important part of the home buying process. We recommend including it in any offer to purchase as a condition of the sale. Problems discovered during an…
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When selling your home, what items are legally included – or excluded – from the sale? In the simplest terms, home fixtures are included. If it’s nailed down… it comes with…
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The Multiple Listing Service – or “MLS” – is a database system most real estate companies use when they market and sell properties. REALTORS® developed the MLS, and other real estate…
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The federal Fair Housing Act was first enacted as part of the Civil Rights Act of 1968. The Fair Housing Act protects people from discrimination when they are renting, buying or…
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If you are looking to buy a home but plan to make a down payment of less than 20%, most lenders will require private mortgage insurance. Mortgage insurance protects the lender…