You would totally appreciate your mortgage advisor if you knew all that goes into getting a mortgage loan today. There are numerous programs, underwriting guidelines, processing strategies and systems, rate-lock strategies and, last but not least, working with and coordinating the many professionals involved in a deal to
When I mention the name Mitzpe Ramon to most people, the first thought that comes to mind is either the Ramon Crater or the luxurious Beresheet hotel and spa. Undoubtedly, these attractions deserve all their accolades.
Clients who have visited the Beresheet spa, an ultramodern,
Title insurance is used to protect homeowners as well as to protect lenders when a mortgage is involved in a purchase. It is also used when a property is refinanced. There are two components of title insurance: the title search and its underwriting. Title insurance protects owners and lenders against property loss or damage due to
Real estate scams have been proliferating all over the country, and even the most astute and vigilant among us can fall prey to the scammers. From young people, seeking their first rental in Manhattan, to older folks facing foreclosure—all are potential victims. Never assume that you are too smart or too experienced to fall into a trap:
An Adjustable Rate Mortgage is a perfect solution for borrowers who are interested in saving money with a lower interest rate. In the past, the adjustable rate mortgage was the topic of many articles. Those articles pointed out the negatives, but overlooked the positives. Proper up-front analysis is the key. Some borrowers bought
They say, “Time is money”. On the surface it means time is a valuable commodity, so it’s best to do things as quickly as possible. When it comes to real estate and house-hunting, I would like to suggest that this expression means that one should spend the necessary time on things that get the best results while
This is it: 2017 is the year you will finally buy a home! But even once you’ve made the ultimate decision to make the leap into homeownership, your hard work is far from complete. Buying a home is a big commitment and costs a lot of money — and getting the mortgage you want at the best interest rate possible is enough to stress
In the course of buying a home, sellers may offer buyers home warranties as a means of inducing or sweetening a sale. Depending upon what is specifically covered in the warranty contract, buyers of older homes may find reassurance in the promise that, should the home’s named appliances and systems fail to function, the homeowner will be
My relatives recently sold their apartment, and the contract signing was delayed by over a month because their identification numbers on the apartment registration were from expired passports, which had since been replaced by new passports with new passport numbers.
Soon after this
(BPT) Cold temperatures, snow, sleet and ice can all wreak havoc on your home’s gutters, windows and gardens, but it can have even more harmful effects on exterior wooden surfaces, such as decks, siding or roof shingles. Residing in Rhode Island, Pete Flood, whose family founded the Flood wood care brand 175 years ago, knows this
Almost all purchasers of homes (and sometimes of apartments) want to have a professional evaluation of the premises. Some real estate agents refer to the process as “the engineering inspection” or simply “the home inspection” without differentiating between the two. In New York State, there are significant differences
OK, so what’s your excuse now? The election is past us, the new president-elect is to be sworn in on January 20, the stock market didn’t crash after all, mortgage rates are slowly increasing as predicted and spring is around the corner. So, ask yourself, why the wait? Your plans are to downsize, purchase a larger home