Foreigners Getting Mortgages Without Social Security Number and FICO? Are you a foreign national in the process of getting a mortgage in the United States but don’t have an SSN? Or a foreign national with no credit history or FICO looking for a mortgage? Continue reading “Foreigners Getting Mortgages Without Social Security Number and FICO?”

Can I Buy a House with My Friend? How Mortgages Work Without a Spouse. About 38% of homebuyers are now millennials, making them the largest group of homebuyers. As more millennials opt to leave the rental market and own their own home, an interesting trend emerges.  Continue reading “Can I Buy a House with My Friend? How Mortgages Work Without a Spouse”

Buying A Foreclosure Home At Auction: The Basics. If you’re interested in buying real estate for investment purposes, don’t just check out the nearest MLS listings. Technology has given entrepreneurs easier access to potential properties and information. Auction.com and especially the Auction.com app are here to make that connection more efficient than ever before. Continue reading “Buying A Foreclosure Home At Auction: The Basics”

The top five things home inspectors look for. The home inspectors we interviewed agree that there are a few things that top their list of importance when it comes to home safety and performance. Continue reading “The top five things home inspectors look for”

What Is a Home Mortgage? A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a residence—a primary residence, a secondary residence, or an investment residence—in contrast to a piece of commercial or industrial property. In a home mortgage, the owner of the property (the borrower) transfers the title to the lender on the condition that the title will be transferred back to the owner once the final loan payment has been made and other terms of the mortgage have been met. Continue reading “What Is a Home Mortgage?”

Who Pays the Real Estate Commission and Closing Costs: The Homebuyer or Seller?

Do you know how much an average real estate agent commission is? Or who pays these fees? Continue reading “Who Pays the Real Estate Commission”