VA Loan Programs: Pros & Cons
VA home loans are guaranteed (but not made) by the US Department of Veteran’s Affairs (VA). The actual loans are underwritten and funded by private institutions (mortgage companies, credit unions and other lenders). The VA’s ...
Posted by Tony Mariotti on June 28, 2017 in Financing a Home
Definitions for Common Real Estate Terms | Real Estate Glossary
Active Under Contract The status of real property (single family home, condo, townhome, etc.) that has been put up for sale wherein a seller has accepted an offer from a buyer, but the deal has not yet closed.
Adjustable-Rate Mortgage ...
Posted by Tony Mariotti on June 25, 2017 in Buying a Home
Conventional Loan Guide: Everything You Need to Know
What is a Conventional Loan?
Conventional loans are mortgages made by private lenders that meet the underwriting requirements of Fannie Mae or Freddie Mac, two of the largest acquirers of mortgages on the secondary market. In fact, nearly 70% of ...
Posted by Tony Mariotti on June 21, 2017 in Financing a Home
What Should Home Inspections Include? [Checklist]
What is a Home Inspection?
A home inspection is an examination of a home for any structural or mechanical defects. They are carried out by professionally-certified inspectors, typically after an offer is made on a house that has been put up for ...
Posted by Tony Mariotti on June 1, 2017 in Buying a Home