Have you just heard about this type of condo and are wondering what it means and how it works? Understanding Non-Warrantable Condos and their financing challenges is crucial when purchasing a condominium. Non-warrantable condos fail to meet requirements set by agencies like Fannie Mae, Freddie Mac, and the FHA. Factors that make a condo non-warrantable include incomplete projects, short-term rentals, and developer control. Usually, more than 50 percent of the condos must be owner-occupied in ...| Maximum Real Estate Exposure
Are you wondering how long it takes to close on a house? The time to finalize a real estate transaction can be a mystery to many buyers who have never purchased. One of the questions I get from home sellers is what they can expect the time frame to be from start to finish. Those who are buying a home for the first time also ask as well. Closing on a house can be a tense experience and one you might want to be over as soon as possible. Getting an accepted offer is exciting, but all the hard work| Maximum Real Estate Exposure
A seller assist, also known as a seller concession or seller credit, is a feature of loan programs that allows the seller to help the buyer by covering a portion or the entire closing costs. This option is desirable for buyers with limited cash and sellers facing challenges selling their properties. It's essential to note that a seller's assistance is not free money, as sellers may compensate for this assistance by increasing the sale price. Different loan types have specific rules regarding ...| Maximum Real Estate Exposure
What Are The Advantages of an FHA Loan? See all the reasons why an FHA could be beneficial when buying a home.| ActiveRain
Do you know the most common first-time home buyer mistakes? You probably feel overwhelmed if this is your first time buying a house. There is a lot to learn, and it can feel like a bit of a juggling act—which can be hard to do when you’ve never juggled before. Fortunately, plenty of people have gone through the home-buying process you are dealing with now, and you can learn from their mistakes. Check out the following list of common first-time buyer mistakes so that you can spot them befo...| Maximum Real Estate Exposure
Get a Good Credit Score When Buying a Home Are you wondering what a good credit score for buying a house is? A healthy credit score is a vital factor when buying a house. A good credit score can mean the difference between getting the most favorable interest rate and terms from a mortgage lender. With a better score, you will pay less for the home you purchased. Potential buyers need to remember that the actual cost of owning a home is directly tied to the mortgage terms you receive. Many pro...| Maximum Real Estate Exposure
Understanding what to know before buying a house in Massachusetts can be daunting. There are many things for potential buyers to research. Knowing the home-buying ...| Massachusetts Real Estate News