How does getting a vacation home work?

Touring vacation home

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

Townhomes

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

home build

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.

5 Benefits of Buying a Home

Neighborhood

A home is a big investment and can be a daunting process to go through, but there are many reasons why buying a home is the best decision you can make. There are many reasons to buy a home, but here are 5 benefits that you may not have considered.

The 5 Myths of Buying a Home

Happy couple moving in

Unveiling the truth behind the myths, this article will provide you with a comprehensive breakdown of some of the most common homebuying myths. You’ll be better-equipped to make an informed decision and take the first steps toward homeownership.