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So far Charlotte Yilk has created 78 blog entries.

What is LTV?

If you are financing the purchase of your home, you will likely hear the term LTV from your lender. It stands for loan-to-value ratio, and it refers to the amount of the loan compared to the value of the property securing the loan. The LTV is an essential factor in a mortgage transaction because


What is DTI?

If you are purchasing a home using financing, you will likely hear the term DTI from your lender. DTI stands for Debt-to-Income ratio, and it's one of the main factors lenders consider when evaluating a borrower's ability to repay a mortgage. Essentially, the DTI ratio measures the percentage of a borrower's monthly gross income


How Appraisers Value Your Home

When you purchase a new home and use financing, the lender will require an appraisal, or valuation of the home, to be performed. An appraiser is a professional who provides an objective and unbiased estimate of a property's value. Here's how an appraiser determines the value of the home you are looking to purchase:


What Home Inspectors Look For

When you buy a home, it is highly recommended that you get a home inspection done before you decide to proceed with the purchase A home inspector is a professional who examines the condition of a property and provides a detailed report of their findings. The report will include any defects or issues that


Buying and Selling a Home at the Same Time?

Are you buying and selling a home at the same time? Coordinating the timing of both transactions can be challenging, but it's not impossible.Here are some tips for buying and selling a home at the same time: Get your finances in order Before you start looking for a new home, it's essential to get


The Best Age to Buy a Home

There is no one-size-fits-all answer to the question of when the best age to buy a home is, as it largely depends on individual circumstances and goals. However, there are some key factors to consider when determining the ideal age to buy a home: One of the most important factors to consider is financial


Who Qualifies as a First Time Homebuyer in Florida?

If you're looking to buy a home in Florida, you may be wondering if you qualify as a first-time homebuyer. Many government programs and private lenders offer incentives and benefits to first-time homebuyers. Definition of a First-Time Homebuyer According to the U.S. Department of Housing and Urban Development (HUD), a first-time homebuyer is defined


Buyer FAQs for Real Estate Agents

Thinking about buying a home? Here are the most frequently asked questions buyers have for their real estate agents: What should I look for when buying a home? This is perhaps the most common question that buyers have. Your real estate agent can provide you with a list of things to look for when


Seller FAQs for Real Estate Agents

Thinking of selling your home? Here are the most frequently asked questions sellers have for their real estate agents: How should I price my home? One of the most common questions that realtors receive from sellers is how to price their home. A realtor will provide you with a comparative market analysis (CMA) that

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