We all know that creditors want to see good things on your credit report before they’ll agree to lend you enough money to buy a home – but if you’re like most people, your credit could stand a little polishing-up. While a big overhaul will likely take some time, there are a handful of things […]
Why You Should Buy Land in North Florida
The cost of living is almost 10 percent lower than it is in the rest of the country. The air is clean and fresh, and the scenery is pristine and unspoiled. The public school system boasts happy children and individualized attention from well-qualified teachers. So what do all of these things have in common? They’re […]
What Makes a Good “Flip” in Real Estate?
If you’re like many people, you’ve considered buying a house at a really (really) affordable price, fixing it up, and selling it for a profit. But is house-flipping really all it’s cracked up to be? What Makes a Good Flip? First, you need to make sure you’re getting a good price for the value. You’ll […]
What is a Government-Insured Loan?
Whether you’re buying a large farm for sale in Lake City, a cattle ranch in Columbia County, or an estate home in Lake City, you may be interested in looking at government-insured loans. But what are they, and how do you qualify? What Are Government-Insured Loans? Government-insured loans are those guaranteed by the federal government. These types of […]
What Are Closing Costs All About?
When you borrow from a lender to buy real estate, whether it’s a land and home combo in Lake City, a tract of timberland for sale in North Florida, or cattle land in Lake City, you’ll have to deal with closing costs. But what are they, and how much money will you end up paying? […]
What Are Discount Points?
When you get a mortgage, you’ll be exposed to all kinds of new terminology. In fact, any time you borrow – whether it’s to buy timberland in Lake City, a home for sale in Columbia County, or anything else – you’ll have to familiarize yourself with a few terms. One of them is the term […]
What You Need to Know About Mortgage Interest Rates
Your interest rate on your mortgage is used to calculate your monthly mortgage payment. The higher your rate is, the higher your monthly payment will be. That’s true whether you’re buying property, like a timber tract for sale in North Florida, or a $500,000 home for sale near Lake City. Let’s Talk About Mortgage Interest […]
Why You Need Loan Preapproval
Before you start shopping for a home, timberland tract, or other property for sale in Lake City, you’ll probably want loan preapproval – and that’s to benefit you and home-sellers. What is Loan Preapproval? Loan preapproval is proof from your lender that you’re actually qualified to purchase a home or property, as long as your […]
Mortgage Basics
When you’re buying a home for sale in Lake City, timberland in North Florida, or a cattle ranch in Columbia County, chances are pretty good that you’re going to need financing from a lender. But how does it all work, and what do you need to know if you’ve never borrowed before? Financing Basics There […]
Residential Real Estate Investing vs. Commercial Real Estate Investing
When you’re investing in real estate, you’ll have to decide whether you want to make a residential investment or a commercial investment. (You may also want to make industrial, retail, or mixed-use investments, but those are a little more nuanced than residential and commercial are.) Residential Real Estate Investments Properties like houses, apartment buildings, and […]