If you’ve been honorably discharged from the military, or if you’re still serving, you may be entitled to use a VA loan to purchase a home in North Florida. The VA doesn’t issue loans, but they do guarantee them – and as an honorably discharged or currently serving service member, the VA is willing to […]
Do You Need to Hire a Home Inspector?
Many people who are buying a home – particularly first time buyers – aren’t quite sure whether they need to hire a home inspector. After all, it’s entirely possible to test outlets, visually inspect roofing materials and look for cracks that could betray a sinking foundation without adding the expense of hiring a home inspector. […]
What Are Closing Costs?
When you are buying a home, you’ll have to pay closing costs. However, the amount may vary; typically, buyers are responsible for paying closing costs that total between 2 and 5 percent of the home’s total value. But what goes into closing costs, and do you always have to pay them when you’re buying a […]
New Fannie Mae Rules – Do They Affect You?
It may have just gotten easier to buy a home. New Fannie Mae rules allow for “nontraditional” credit histories – and that means borrowers without a FICO credit score may now be eligible for Fannie Mae-backed loans. To understand how this all works, you first need to know what Fannie Mae is. What is Fannie […]
Buying Equine Property in North Florida: The Basics
If you’re like many people who would love nothing more than buying equine real estate in Florida, you probably have many questions about buying and owning a horse property. Before you find an equestrian property in North Florida, you have to know exactly what you want. Buying Equine Real Estate in North Florida It’s imperative […]
Seller Financing vs. Rent-to-Own
If you’re like many people, you’ve heard of both seller financing and “rent-to-own” financing, but do you know the difference between the two? What is Seller Financing? Seller financing, which is also commonly referred to as owner financing, is a loan that the seller provides to the purchaser. Generally, the buyer and seller reach their […]
Pros and Cons of Seller Financing
Seller financing can be extremely beneficial to both parties. However, just like any other type of financing, it can have drawbacks. So what are the pros and cons of seller financing? Pros of Seller Financing Typically, with seller financing, in the two parties negotiate everything on their own – and that means both parties can […]
What is Owner Financing?
Owner financing, commonly called seller financing, is a loan provided by the seller to the purchaser. In many cases, the purchaser will make a down payment and then make installment payments – usually on a monthly basis, just as he or she would with a traditional mortgage – until the loan is paid off. Generally, […]
Should You Invest in Timberland in North Florida?
According to Stansberry Research, one of the best investments you could make is buying timberland. In an interview with Dr. Steve Sjuggerud, the editor of True Wealth, the think tank outlines several reasons why timberland is such a great investment. What Dr. Steve Sjuggerud Says After studying timberland investing for hundreds of hours, Dr. Sjuggerud […]
Looking for a Library in Lake City, FL?
If you are looking for a library in Lake City, Florida, you’re in luck – we have two of them, and they both have spectacular collections of books. Columbia County Public Library The Columbia County Public Library is located at 308 Northwest Columbia Avenue in Lake City. They have more than 115,000 print materials […]