Learning about Escrow and its relation on Mortgage process
LEARNING ABOUT ESCROW AND ITS RELATION ON MORTGAGE PROCESS During the Rent To Own process at Home Buyers Inventory and toward the end of your term to lease option your home with us, you will be encountering some mortgage terms and as a newbie in this field you will ask yourself, What is the meaning of this term and how does it work? In this article we will be encountering new words and will discuss them further. So the main topic will be, what is an Escrow and how will it affect your mortgage? What is Escrow, and will it affect my mortgage? When borrowers take out a mortgage, lenders…
Decorating a Rent To Own Home
DECORATING A RENT TO OWN HOME Decorating a Rent To Own Home Those who opt to rent a house as opposed to an apartment may still be held to certain restrictions regarding the type of decorating which can be done on the property. These restrictions may be stricter or more lenient than those typically enforced when a renter is renting an apartment property. This will largely depend on the preferences of the homeowners. Homeowners who do not want to see major modifications done to the property may place strict restrictions while those who want to see the property improved may allow the renter a great deal of freedom in their…
Risk of Mortgage vs Owning a Home
RISK OF MORTGAGE VS OWNING A HOME For the first time home buyer, buying a home, can be a bit daunting. It can also be very exciting. New ideas, changes and the opportunity to plant roots for you and your children. As a buyer, you must keep in mind that the advantages of homeownership overshadow the risks of having a mortgage There are many advantages in owning a home. Although there may be some obstacles to get there, taking it one step at a time will ensure you have a clear focused path. . One of the obstacles is people don’t want to invest all of their money into a…