The Term Homeowners Insurance Explained

The Term Homeowners Insurance Explained

Insurance comes in many forms: automobile, renters, valuable property, boat, HOME. When you’re buying a house, one of the steps you must take before closing is providing proof of homeowners insurance. A piece of advice: follow what the commercials say and bundle! ...

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The Term “Home Inspection” Explained

Don’t judge a book by it’s cover and don’t buy a house just because it looks good! One of the most important steps you will take after your offer has been accepted is having an inspection done. It is always wise to get a home inspection. You will need to hire a home...

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The Term “Lender” Explained

The Term “Lender” Explained

You’ve just made a big decision… You’ve spoken to your spouse, your friends, your family, or someone you trust.. You’re going to buy a house!  The very first step you need to take to start the process of buying a home is to speak to a Loan Officer. Now, Loan Officers,...

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The Term “Lien” Explained

The Term “Lien” Explained

Everyone needs somebody to lean on, according to Bill Withers. Remember that old song, "Lean On Me"? But not everyone, actually, NO ONE, wants a “lien” placed on their property. According to Investopedia.com, a property lien is a claim or legal right against a...

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The Term “Loan To Value Ratio” Explained

The Term “Loan To Value Ratio” Explained

What are some of the best parts about buying a home? I’d say; the house shopping, the day dreaming, the excitement for something new, and the opportunity to design a new & fun interior space for yourself. Yes, buying a house can be amazing, but to buy a house...

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The Term “Market Value” Explained

The Term “Market Value” Explained

It’s not every day that you are willing to pay more than what something is worth. For instance: You go to the grocery store to buy some bubblegum. You know how much the bubblegum costs because you’ve bought it before and it’s always the same. If the store clerk were...

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The Term “Mortgage Loan” Explained

The Term “Mortgage Loan” Explained

Unless you are one of the few that don’t need financial assistance when making a big purchase, you will likely need a loan. There are many types of loans. Loans for businesses to buy equipment and loans for businesses to buy new commercial property. There are consumer...

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The Term “Nonrefundable Deposit” Explained

The Term “Nonrefundable Deposit” Explained

Anything is possible, right? Even being asked to put down a deposit on a house before you buy it. Not a down payment, a nonrefundable deposit. If you’ve ever experienced buying a home in a competitive market, there’s a chance you could be asked to put down a deposit...

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The Term “Property Owners Association” Explained

The Term “Property Owners Association” Explained

Welcome to the POA! If you’re here, that’s likely because you bought a house that is a part of a neighborhood that takes pride in its community, residents and amenities. I promise, the POA does more than just collect dues. Often the POA will set guidelines that you...

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The Term “Power of Attorney” Explained

The Term “Power of Attorney” Explained

Believe it or not you do not have to be an attorney to have a “Power of Attorney”. You don’t even have to go to law school. You will need an attorney who went to law school to prepare the document though. A Power of Attorney is a document that tells us a person can...

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