All Things Home
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Understanding Subprime Mortgages
Mortgages are a necessity for the enjoyment of homeownership. Unfortunately, they are also a popular target for fraudulent individuals, who lie to borrowers and sellers, extort them with high-interest rates, and take away their homes in the form of foreclosure. As a result, many home buyers and homeowners are enticed into purchasing loans that are later discovered to be either high risk or misfiled. On a similar note, have you heard about subprime mortgages? What Are Subprime Mortgages? Subprime mortgages are loans that are given to people with bad credit. Basically, a subprime mortgage is a loan that is given to someone who usually has less than perfect credit. This…
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Can You Buy a House with No Credit?
Buying a house is a scary, confusing, and often complicated process for many. Both buyers and sellers are often left with the task of understanding their financial situation so they can make the best possible decision for their situation. When looking for a house, you need to know whether you have enough money to make a down payment, how much you can realistically afford monthly, and how much you can handle if the house value goes down. In such cases, people prefer taking the help of a real estate agent who can find suitable homes depending on the client’s financial condition. As an example, if you want to buy a…
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Top Tips to Keep Your Cost of Living Down
If you’re struggling to make ends meet, it’s important to find ways to reduce your cost of living. Fortunately, there are a number of simple things you can do to cut down on your expenses. From getting a roommate to using public transportation, here are some top tips for saving money. Move to a new neighbourhood The area you live in may be expensive, so moving to a cheaper neighbourhood may be an option. This can be a big decision, but it can be the best way to reduce your cost of living. Keep in mind that you may need to find a new job or find a new school…
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Tenant Screening: What to Know
A tenant screening service can be a valuable tool for prospective tenants. A tenant screening company can provide valuable background information about a tenant, including criminal, financial, and medical history. They could verify the accuracy of information provided by an applicant, which may provide peace of mind to the landlord. When you’re buying a home, you’ll typically find that your real estate agent or lender has everything they need to know about your habitability, including credit scores, rental history, and even public records. But what about your tenant? This piece of information can be as important as your home’s address. Yet, many homebuyers don’t know the key takeaways, such as…
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Home Renovation Tips + Dos and Don’ts
Your house is more than a place to sleep, eat, and shower; it’s where you spend most of your time, and because of the significant investment you’ve made, it’s important to maintain it, both inside and out. Whether you’re thinking about renovating your humble abode or you’re just making a few tweaks here and there, an important component of home renovation is learning what not to do. Renovating your home can greatly increase its market value and turn it into your dream home. But it can also be a very expensive and time-consuming endeavor. In order to make sure any renovation project you undertake runs smoothly and that you achieve…
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How to Calculate Real Estate Taxes on Your Property
There are 3 main types of property taxes: federal, state, and local. The first two are imposed by the federal government, while the states impose local property taxes. If you’re a homeowner, you have to pay real estate taxes for the properties you own. What is Real Estate Tax? Real estate taxes are an essential part of your rental property income. In the United States, the federal government issues a tax on the real estate called real property tax (RPT). This tax is based on the market value of the real estate minus any improvements. Real property tax is based on the property’s value – the market value – and…
