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What Is Property Tax and What to Expect When Paying It

What Is Property Tax and What to Expect When Paying It

by Kevin M. Lyle | Apr 4, 2017 | Tools & Resources

So what is property tax? Answer this: do you own any land, an automobile, machinery, or equipment? Most of us own at least one of these, and all of them are taxed by our local municipalities every year. If you drive past some road construction, that is an example of...
The FHA Connection from HUD and How to Use It

The FHA Connection from HUD and How to Use It

by Kevin M. Lyle | Mar 28, 2017 | Borrowing, Buying Tips, Homes

If you are looking to fulfill the American Dream of homeownership, you are in good company. Millions of people each year take the leap into buying a home and seek out the best home loans to aid in their purchases. The Federal Housing Administration (FHA) connection in...
FHA Approved Condos 101: What Does It Take to Get One Approved

FHA Approved Condos 101: What Does It Take to Get One Approved

by Kevin M. Lyle | Mar 21, 2017 | Buying Tips, Tools & Resources

Gaining FHA approval for your condos takes a good bit of effort. You’ll be dealing with numerous departments within the Federal Housing Administration to increase your pool of potential buyers. Do remember that the FHA does not actually give loans, they simply...
What Was the First Time Homebuyer Credit and Other Options Today

What Was the First Time Homebuyer Credit and Other Options Today

by Kevin M. Lyle | Mar 17, 2017 | Buying Tips, Homes

The first time homebuyer credit was a wonderful credit that the government decided to provide to people who purchased a home during certain years. The credit allowed such people to receive a tax deduction to help them better their standings.The credit would allow the...
What Does the Fair Housing Act Comprise? Housing Law Explained

What Does the Fair Housing Act Comprise? Housing Law Explained

by Kevin M. Lyle | Mar 12, 2017 | Homes, Trends

As the name suggests, the Fair Housing Act is a federal act in the United States that prohibits discrimination in all matters related to housing. The main idea behind this act is that any person, no matter his or her race, religion, sexual orientation, and so on, has...
What Is a Mortgage Broker and Their Main Responsibilities

What Is a Mortgage Broker and Their Main Responsibilities

by Kevin M. Lyle | Mar 7, 2017 | Buying Tips, Tools & Resources

Utilizing a professional while purchasing a home has many advantages. They are convenient and help to make the home buying process as quick and easy as possible. A common professional that can help with the purchasing of a home is a mortgage broker. This article is...
What Is an HOA and What Do I Need to Know About HOA Fees?

What Is an HOA and What Do I Need to Know About HOA Fees?

by Kevin M. Lyle | Feb 28, 2017 | Tools & Resources

If you purchase a townhouse, condominium, or another home located in a planned development, gated community, or even an ordinary subdivision, you will likely be obligated to join the homeowner’s association (HOA) in your new community. In addition to joining, you’ll...
What Is HUD and What Does It Mean for a Home to Be HUD Approved?

What Is HUD and What Does It Mean for a Home to Be HUD Approved?

by Kevin M. Lyle | Feb 21, 2017 | Borrowing, Buying Tips, Homes

The United States Department of Housing and Urban Development, or the HUD, is part of the United States federal government. It’s a cabinet of the Executive branch, the same way the United States Department of Arts and Culture is, and its function is to improve housing...
The Top Differences Between Renting or Buying

The Top Differences Between Renting or Buying

by Borrowing Better Staff | Jan 21, 2017 | Renting

It’s the age-old question: what’s the difference between renting vs. buying? With the housing market clearly improving, but interest rates also on the incline, people wonder if now is the time to buy or if they should keep renting. There are some that believe renting...
Buying a Condo vs. Renting: Which Makes More Sense?

Buying a Condo vs. Renting: Which Makes More Sense?

by Borrowing Better Staff | Jan 21, 2017 | Renting

When deciding to buy, a purchaser needs to assess the pros and cons of the purchase of a condo versus renting an apartment or condo unit. Renting does have its advantages, but there are also big advantages to purchasing a condo that consumers may have overlooked. You...
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