Should I Have My Home Inspected Before I List It You may be wondering if should I have my home inspected before I list it in Albuquerque NM. In most cases, homeowners should have their homes professionally inspected before listing the home to sell. However, most homeowners do not want to pay the expense upfront before listing their home. It is customary for homeowners to pay for home inspections in the Albuquerque real estate market. Some homeowners want to wait to receive an offer before they pay for a home inspection. Many homeowners feel they are saving money by waiting for an offer to … Continue reading...
What Is The First Step In Home Buying Process Albuquerque
What Is The First Step In Home Buying Process Albuquerque NM I am often asked "What is the first step of the home buying process in Albuquerque. For most home buyers, the first step of the home buying process is to get pre-qualified for a mortgage. Getting pre-qualified for a mortgage is the first step in the home buying process unless you are paying cash for your next home. Why do I need to get pre-qualified? Quite simply, unless you are paying cash, you must qualify for a mortgage. Mortgages for homes are heavily regulated by the federal government and you need to find out if you meet … Continue reading...
What is PMI or Private Mortgage Insurance? Albuquerque
What Is PMI? Private Mortgage Insurance, Albuquerque Real Estate You found the right place is you want to understand what is PMI or Private Mortgage Insurance. There are many types of mortgage products on the market at any one time. In Albuquerque there are mortgage products that allow you to purchase a home with as little as $500 down payment. FHA or Federal Housing Administration allows home buyers to purchase a home for 3.5% down payment. Lenders are concerned about whether or not they will be paid back when they make a mortgage to a home buyer. PMI or Private Mortgage Insurance is a … Continue reading...