The demand for Private lender financing is increasing and is becoming a more favorable method for consumers who are looking for an alternative to traditional lending. A private mortgage is a loan whereby funds can be obtained by a private entity rather than borrowing from a bank or other finance provider. In many cases, private mortgages are a mutually beneficial solution for both the investor and the borrower. Frequently, the mortgage rate is high, and the payback period is shorter than a traditional mortgage but qualifying for a private mortgage is far easier then qualifying for a traditional loan, instead ...
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If you are buying a property under a condominium corporation, it is important to consult with a real estate lawyer to ensure a proper review of a status certificate is complete prior to firming your deal. A well-drafted agreement will ensure that an offer to purchase is conditional on the buyer’s review of a status certificate. A status certificate is a document that gives important details as to the status and financial health of a condominium corporation for both the specific unit and the condominium building in general. A status certificate will provide your real estate lawyer pertinent information that ...
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#AskIsaacZisckind Buying a home may offer distinct advantages over paying rent to a landlord. For one thing, at the end of your rental, you have nothing to show for the money you paid each month. When you own the home you live in, increases in market value and reduction of the mortgage through your monthly payments increase the equity you have in the home. There are a few things you need to know before you begin your search for the home of your dreams to make your quest a successful one. Arrange for a consultation with a real estate lawyer ...
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#AskJoshuaHimel A home is more than just a place to live. For most families, it represents a dream come true. Years of financial sacrifices to save enough money for a down payment seemed worth it in order to provide your family with a place to live and grow for many years to come. It is probably the largest investment you will ever make in your life, so it’s understandable that don’t want anything to go wrong. Hiring a real estate lawyer who is committed to ensuring your dream purchase does not turn out to be a nightmare can turn what can be ...
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