What is Proof of Funds?
What’s a Proof of Funds letter? Have you been asked to provide Proof of Funds but aren’t sure what funds qualify or where to get [...]
What is appraisal contingency?
What’s an appraisal contingency? Contingencies are common when buying a home. They just mean that certain conditions must be met by either the buyer [...]
What does approved with conditions mean?
Approved with conditions After mortgage pre-approval and contract acceptance, your loan is submitted to processing and underwriting. Before you get final approval, your loan [...]
What are seller concessions?
What are seller concessions? As a homebuyer, you're probably aware that you can negotiate your home's sale price. Did you know you can also negotiate [...]
Can you buy a house without a realtor?
Buying a home without a real estate agent While there’s no requirement to buy a home with a real estate agent, there are many benefits [...]
What is a restrictive covenant in real estate?
HOA restrictive covenants Congratulations! After weeks of searching, you’ve found your ideal home. Before making an offer, it’s a good idea to check whether [...]
Types of houses: A complete overview
Types of home structures and architecture styles In today’s competitive housing market, once you’ve found a home to buy, you need to move quickly to [...]
What do mortgage lenders look for on bank statements?
What do mortgage lenders look for on bank statements? When applying for a mortgage, you’ll be asked to provide documentation proving employment, bank accounts, [...]
Can you get pre-approved for a mortgage online?
Can you get pre-approved for a mortgage online? From clothing to cars, you can shop for almost anything without leaving the comfort of your [...]
What affects your mortgage application?
What affects your mortgage application? Have you taken an exciting step towards homeownership by filling out an application for a home loan? When [...]