Mobile homes put home ownership within reach of prospective buyers who lack the resources to purchase pricier, stick-built houses. They're also an affordable option for second-home buyers looking for a lower-priced alternative to expensive vacation homes.
Under the right circumstances, you can finance your mobile home using the same mortgage loans that finance traditional home purchases. The benefit is that you're likely to save on interest, and you may qualify for government-backed loans with low down-payment and modest credit requirements.
Read More
Are you thinking about buying a rental property? Investing in real estate can be satisfying and profitable. In particular, investing in a rental property can be a great way to produce passive income that can boost your bottom line each month. However, the key to success is finding the right rental property. If you choose one in a bad area or one that requires serious expenses, your rental investment could quickly become a money pit.
Read More
Home Owners Associations, or HOAs, help to maintain property values and neighborhood aesthetics by creating guidelines for communities. If you buy a home or a condominium governed by an HOA, your neighbors might have a set list of guidelines that you need to abide by. These guidelines might keep your neighbor from ignoring their landscaping or parking their broken cars on their front lawn. Here are a few other things that your local HOA might regulate:
Read More
Finding the perfect home for you to start or raise a family is only part of fulfilling your dream of home ownership. The other equation is obtaining a mortgage loan, so you can buy that home and pay if off by the time you've reached your golden years, if not before. There are many types of mortgage loans available, so it is important to have a basic understanding of the options out there for you.
Read More
Are you building a new custom home? Do you love to cook? If so, designing your home should be a very exciting experience. You'll have the opportunity to design a kitchen that perfectly meets your needs and gives you all the tools you need to create exceptional meals. You'll have a lot of options when it comes to designing the kitchen. If you'll use the kitchen a lot, you'll probably want to put a priority on functionality.
Read More