5 ways maintaining your home can help keep it’s value

You routinely take your car for oil changes. You make time out of a busy schedule to work out or routinely go for annual checkups. Why? Because you understand how important it is to maintain your body and car to keep things in shape year-round. Yet, most homeowners overlook routine maintenance of their largest financial asset- their home.

How to get a mortgage without a W-2

Providing a W-2 to a potential lender is a common way of substantiating proof of income for full-time and salaried individuals, but it is by no means the only way of proving to a lender that you can handle a mortgage payment. Lenders want to see that you are creditworthy and will be able to keep up with monthly payments for the foreseeable future. If you do not have a W-2, there are several other ways to give lenders a snapshot into your financial situation.

How does getting a vacation home work?

Are you considering getting a vacation home? Owning a vacation home can be a great investment and provide a place to relax and enjoy the company of family and friends. Before making the decision to purchase a vacation home, it is important to do your research and understand the differences between a vacation home and a primary residence.

Co-op vs Condo vs Townhouse

When it comes to purchasing a home, there are many options to choose from, including co-ops, condos and townhomes. Each type of home has its own set of benefits and considerations, and it’s important to understand the differences between them before making a decision.

What is a Co-operative and an Underlying Mortgage? 4 Things You Should Know

If a Co-operative Association needs major renovations/repairs on the building then the shareholders/Owners vote and authorize their elected Board of Directors to sign and obtain an Underlying Mortgage secured by the “building and land”. Even though the shareholders/owners personally did not sign the Underlying Mortgage loan documents, it becomes an obligation to all shareholders of the Co-operative in the form of an underlying mortgage.

Deed vs Deed of Trust

When buying a new home, there are a lot of legal documents to navigate, and it can be easy to get confused. Two documents that are often mentioned in the home buying process are a deed and a deed of trust. While they may sound similar, they are actually very different.