Home Walk Through

Home Walk Through

In addition to comparing the home to your minimum requirement and wish lists, consider the following: Is there enough room for both the present and the future? Are there enough bedrooms and bathrooms? Is the house structurally sound? Do the mechanical systems and...
Home Walk Through

Home Warranty Coverage

A home warranty, or home protection plan, is a service contract, normally for one year, which protects homeowners against the cost of unexpected repairs or replacement on their major systems and appliances that break down due to normal wear and tear. A negotiable...
Home Walk Through

Securing a Loan

The first step in securing a loan is to complete a loan application. To do so, you’ll need the following information: Pay stubs for the past 2-3 months; W-2 forms for the past 2 years; Information on long-term debts; Recent bank statements; Tax returns for the...
Home Walk Through

Closing Costs

There may be closing costs customary or unique to a certain locality, but closing costs are usually made up of the following: Attorney’s or escrow fees (yours and your lender’s if applicable). Property taxes (to cover tax period to date). Interest (paid...
Home Walk Through

Reverse Mortgages

If you own your home, a reverse mortgage loan will pay you in monthly advances or through a line of credit. Reverse mortgages convert home equity into cash with no repayment required for as long as borrowers live in their homes. Because of the complex nature of...
Home Walk Through

Renovation Value

Renovating your home can increase its resale value. But don’t expect a dollar-for-dollar return. Some upgrades (an extra bathroom, for example) pay off; some (like swimming pools) don’t pay off at all. If you want fine marble in the foyer, spend away. But...