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


Stop Renting Your Home

There's no doubt that owning your own home has its advantages over renting. Here are a few reasons why you should stop renting and start looking to purchase a home: Building Equity One of the primary benefits of buying a home is the ability to build equity. Equity is the difference between the value

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