Re/max Excalibur Realty

Tag: Financing

Posted on 11/14/2021
How Sellers Can Reduce the Risk of Financing
Seller financing is an excellent option for some property buyers and sellers. However, no matter the type of financing the seller offers, they are taking on a sizable amount of risk. Underwriting and supplementing a mortgage means dealing with the consequences if the buyer defaults on the loan. This is one reason many sellers hesitate to offer financing....
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Posted on 09/26/2021
Funding Options for Home Building Lots
Image by Peggy und Marco Lachmann-Anke from Pixabay You’ve decided it’s time to build the dream house you’ve always wanted. An exciting time! Prior to hiring builders to construct your home, it’s critical to understand the financials involved before you start the planning process. Securing funding for land is different than obtaining a traditional home mortgage. For starters,...
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Posted on 05/30/2021
When You Can Use a VA-Backed Loan
Photo by Brett Sayles from Pexels Before you can get a VA loan or a VA-backed loan through the Department of Veterans’ Affairs, you'll first apply for a Certificate of Eligibility (COE). You must have served a certain number of days, depending on when you served, and you must have an honorable discharge if you are a veteran....
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Posted on 11/29/2020
Finance Your Second Home Affordably
Photo by Vlada Karpovich from Pexels Buying a second home is an exceptional opportunity. You can expand your real estate portfolio, creating an investment strategy for building wealth over the long term. It’s also nice to have a home, one you can use on the weekends to get away. Whether you want to buy a home on the...
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Posted on 10/25/2020
How to Pick the Right Financing for Your Home
Photo by Vlada Karpovich from Pexels While your credit score will play a role what your mortgage interest rate will be, there are also various types of loans that can increase or lower your monthly mortgage payment. In general, there are two specific loan types, adjustable rate loans, known as an ARM and fixed rate. However, within these...
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Posted on 09/20/2020
How to Get Home Financing as a Freelancer
Photo by 200 Degrees via Pixabay The gig economy has exploded over the past decade. Today, around 36% of the US workforce is freelancing and many more or self-employed small business owners. While being your own boss does afford you great freedom to set your hours and often work where you want, you may face extra scrutiny when...
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Posted on 05/17/2020
Financing Your Mortgage through a Credit Union
Image by Burst from Pexels Buying a home is an exciting time. As you start to comb through listings and decide you’re ready to take the plunge to purchase, you’ll want to pursue getting pre-approved for a mortgage. This way, you'll know how much you're approved for and can shop for homes within your price range. Additionally, having...
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