Dual agency in real estate transactions should be avoided at all costs. A buyer and the seller hire a real estate agent for guidance and expertise. When you agree to a dual agent, you give up what you want from an agent.
We strive to provide the best Mortgage and Real Estate information on current programs, news, and the industry at large. Please subscribe to our blog to receive updates via email. Follow the conversation at #MortgageUpdated on twitter or #MortgageUpdated on Facebook for the latest industry updates and helpful articles from around the blogosphere!
The focus of #MortgageUpdated is to be a source of material that can used by everyone. For example, real estate agents can find useful tips on improving their marketing, staying up to date with social media changes, and developing a plan to set themselves apart from their competition.
In addition, mortgage lenders can stay up to date with changes in mortgage rules, learn about new programs and find out how peers are creating a lasting impression on their clients.
Lastly, people who are buying or selling a home are the most important part of our focus. We want to educate our clients, and the clients of our peers, so that they can enter into a real estate transaction armed with the best knowledge for their situation.
Before you consider buying a condo, it is important to find out if the condo has been approved by Fannie Mae or Freddie Mac, if you are going to use a conventional loan. If you are using a government-insured loan from the FHA, VA, or USDA, the condo project has to be approved by their requirements.
We look at the things you can do to get ready to move out of your parents house less scary and more successful. Easy steps that anyone can follow.
We look at the best questions to ask before making an offer so that you can be more confident in your choice.
The option of using a non-occupying co-borrower on FHA, Fannie Mae or Freddie Mac mortgage loan opens up homeownership to more borrowers. These are often first-time home buyers who wouldn’t otherwise be able to qualify so soon.
We look at how you can tell if it’s a buyer or seller market you are dealing with, and more importantly, what you need to do to buy or sell a home.
For the right borrower, a WHEDA mortgage can be an excellent way to before a homeowner. Take a look at the following pros and cons of the WHEDA loan!0
We look at FHA, VA, and USDA, which are the three main government-insured loan programs, to help you pick the right program for your situation.
While buying a home for the first time is very exciting, it can be a stressful experience. We look at the essential things first time home buyers need to buy to make life easier.
When you buy a home, you will be expected to pay an earnest money deposit, and if something goes wrong, you could lose this cash. Contingencies are a way for buyers to protect their earnest money when making an offer.