October 2018

There are 3 blog entries for October 2018.

Home Buying Contract ClausesWhen a buyer makes an offer on a home, they'll usually include a number of clauses in the contract. These clauses, also known as contingencies, help protect the buyer at various stages of the home buying process. These clauses enable the buyer to walk away from the deal penalty-free, if certain conditions are not met. These protections enable the home buyer to determine for certain that the house they want to buy is right for them.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Home Sale Contingency

The home sale contingency is the clause that states the purchase of the house will only go through if the buyer is able to sell their existing home.

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What Is LMI and How Much Does It Cost New Homeowners?Lenders Mortgage Insurance (LMI) is a specific type of insurance policy provided to lenders to protect them. It's offered just in case the lender defaults on their payments. Learn more about when it's required, why lenders insist on it, and how homeowners can release their responsibility from its payments.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

The Basics of LMI

LMI is not paid to the insurance company directly by the homeowner. Instead, a homeowner will pay the lender the cost of the policy, and the lender will turn around and pay the insurance company to keep the policy going. As a general rule, all homeowners who are unable to produce a 20%

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The Home Warranty: What a Homeowner Needs to KnowThere are a number of great ways to protect a home and the investment in it. A lot of these ways can be handled by the homeowner themselves, through maintenance of the home after they purchase it and due diligence during the buying process. But there are some other things that can also be done, and they could go a long way toward making sure a surprise problem doesn't cause a big financial issue for someone who has recently purchased a new home. One of these protective options is a home warranty. Here's what homeowners should know about these.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

What Do Home Warranties Offer?

A home warranty is a good way

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