September 17th, 2014
Before a lender can process a loan, the institution will need to verify your employment with a verification of employment form. Besides that, the lender will also need the following paperwork:
Current pay slips. The last two pay slips will be enough. Don’t hand out the origianls though; make copies.
W2s. This is the wage and tax statement given out by your employer for the calendar year. This is the form you also attach to your tax returns.
Bank statements. Your lender might want two or three months’ worth of bank statements. Make a copy from each bank and include all pages of the bank statement.
Federal tax returns. If you haven’t filed your tax return for the year, look for the last two years’ tax returns. Include all schedules and make sure all the tax returns have your signature.
Asset statements. If you own any mutual funds, bonds, or stocks, make a copy of each statement. Although lenders prefer hard copies over the ones you can get online, the online ones will do if that’s the way you receive your statements.
September 10th, 2014
Consecutively to advertise a home in numerous places all over the country, sellers require their homes to surpass the rivalry, be required to be extremely flexible on cost and be outfitted for a months-long reach on the marketplace. It is sufficient to put together a number of sellers to be found this term out, to come for situations to get better.
However several homeowners will seize it one step advance, believing that if they can’t persuade somebody to buy their home they could as well get to it more at ease at some point in time they’re residing in it.
September 3rd, 2014
Buying a house is a big deal, especially in these days. So, if you want to make the most out of your down payment budget, is there a good time in the year to buy a house? Some say there isn’t but others quote the end of the year as being a good time to make a purchase. Why is this?
The end of the year is usually a time when businesses want to close the books on the year’s products and this is no different for home sellers. Home sellers are sometimes more amenable to negotiations, more flexible with costing because of the desire to make quotas and to close sales on certain houses. For independent sellers, the idea of selling their house and completing this activity by the end of the year is a main factor in entertaining buyers and perhaps listening more to deals in order to close a sale.
August 27th, 2014
The last thing you want is for your hard-earned money to go to a house that’s in total disarray. That’s why it’s important for you to hire your own professional home inspector to go through the house’s structure and identify any major defects or potential problems. Even though the seller intends to make these repairs before handing over the house to you, at least you will be aware of any problems that may arise. Chances are, the seller will want the inspection to be done as quickly as possible so the rest of the purchase can move forward. Once the inspection is done, give yourself enough time to review the report. If you find it unsatisfactory, you can use this to negotiate with the seller about what repairs should be done and who will pay for them.
August 20th, 2014
The housing market is experiencing a very unusual phenomenon that my have to do with the current state of the global economy that has all but been rendered in shambles. Home prices rise slightly and then slump lower and this is a trend that has been seen to be continuous with no end in sight for the ailing economic unit. The many trending information has all but been rendered useless for they are so volatile they change by the day if not by the hour. The global economy is draining the resources of money markets so financing is not much of an option, with most have shed their many arms to strip down their operating expenses.
August 3rd, 2013
Planning to invest on a real estate but don’t have money? Worry no more! Yes, we can deny that the easy and fast way to get into the real estate market is by having cash for a down payment, its true…but it’s not the only option. Listed below are the two of best ways you can invest in a real estate even if you have little money and bad credit.
Your first option is to borrow money. You can find a lender who will allow you to take out a loan in low interest rate or ask friends, family members or business partners if they can help you have the start-up money you need for investing. Just make sure you pay back them as soon as a profit is made. Second, you can rent on the property and purchase it sooner when you have enough money to buy. Depending on lease agreement, your payments would (at least in part) be credited toward the purchase price.
Sure, there are plenty more ways you can do, such as joining a real estate investors club, taking over mortgage payments in exchange for the deed, paying through bartering other piece of property or a specialized skill you have, bringing in a partner provide the funding while allowing you to do the managing, it just takes some negotiating and research.
June 27th, 2013
There are so many things to consider when buying or selling a house. It can truly make your head spin. But if you are not yet in that place where you are ready to ask for some marketing tips or ready to get down to number crunching, then there are some things you can do to make sure the house you own now stays in tip top shape.
Take a look at your place and try to remember when the last time was that you redecorated. If it’s been about three years, there are some things you can do to spruce the place up and add value at the same time. If you like paint, getting new exterior and interior paint can make your place look brand new for at least the next couple of years. Look at windows and doors, repaint and replace fixtures or locks and bolts. Surprisingly, these two activities go a long way in the value adding of a home.
May 30th, 2013
Investing can be a nerve wracking thing. To be honest, anything that has to do with putting money elsewhere is nerve wracking. Even if we are slowly starting to rise out of the pits of economic hell, most people are still very careful about where they spend their money. So if property investment is something you are looking at, here are some basics to know before dropping your dollars.
Go where price and demand dictate. Look at the area you are considering and there will surely be some tell tale signs that this is a good place to invest. If taxes are lower, if school ratings are high or climbing are just two basic points you can easily find out. Additionally, look at the outskirt. If the properties in the suburbs are lower, then this will likely rise as demand will likely rise. Simple points like this can help anyone decide when looking at properly for investment.
April 23rd, 2013
So you have decided that condo living is for you. You have made arrangements to purchases your perfect unit. It is just the right size for you and your family. There is enough room for living and storage and you are really happy with your purchase. But there is one thing you want to do that you aren’t sure if you can in a condominium and this is to have a garden.
A loot of people think it is impossible to have a garden in a condominium. Developers argue that the reason why a lot of developments save a lot of area for greens is to make up for the fact that units cannot have gardens. But you can have your own mini-garden nevertheless. Choose the plants you want, 3-4 depending on the size of your balco0ny or window sill and get sturdy clay pots and a solid hanging structure and you are on your way. Yes, it isn’t a lawn, but you can have a veggie patch or a flower patch even in a condo.
February 24th, 2013
February can mean a host of things for different people. It cannot be denied that Valentine’s Day has cut across borders and has invaded many a country for quite some time now. You will see celebrations on small and large scales in most places of the world. Now, if you are trying to sell your house and find that you have some prospective buyers lined up for the month of February, you can actually make the Valentines holiday work in your favor.
Try to change the ambiance of your home to reflect the feeling of the month. A vase or two of colorful, pretty flowers here and there, a set of tasteful and mildly scented candles bringing in a safe corner, maybe a photo or two of you and your partner can all go a long way in presenting a story to buyers. This story may be the thing that convinces someone that your house can be their happy home. So, work the month to your advantage and you might just close that sale.