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Thursday, July 15, 2021   /   by Ray Lumenario

5 Essential Tips For First-time Homebuyers

There's a lot to anticipate as a first-time homebuyer, from searching houses online to visiting prospective neighbourhoods. But after the underlying energy of choosing to dive in, what comes next? How long will it be before you're choosing paint tones and acquainting yourself with the neighbours?
Here are the 5 essential tips to assist you with your homebuying
Determine how much you can afford

Consider what your monthly payments are today and what they will be after you bought the house. These includes:
Income
Debt
Credit Score

Closing Cost

Get Pre-approved 

Getting pre-approved means that a lender has reviewed your income, expenses, and credit report and has conditionally agreed to approve you to loan an amount of money for a mortgage. Here are the 5 things you'll need for pre-approval:
Proof of Income
Proof of Asset
Good Credit
Employment Verification
Documentation 

Find A Realtor
Most first-time homebuyers want to work with a real estate agent. An ...

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  real estate, home, home for sale, buy a home, home renovation, mortgage, renovation

Thursday, July 8, 2021   /   by Ray Lumenario

4 Things To Do Before Selling Your Home

Find A Real Estate Agent
Don't simply hire a realtor who always sent you a flyer or one of your uncle's companions or a cousin's friend. Do some research to find a knowledgeable realtor in a specific market, and interview the realtor to make sure that he/she is a good fit.
Your realtor ought to be somebody you feel open to working with, whom you trust to sell your home for as much as possible. Try not to be hesitant to converse with a couple of realtors before picking one.


Understand The Market Value Of Your Home
Your realtor will help you with this. As an expert in this area, your realtor can tell you how much your home's worth is. Realtors have the right tools and resources to find different information about your home, the current market situation and other things related when selling a home. Alternatively, you can always go and check the internet and see what your home worth is.

Make Necessary Repairs
You don't want to put off a buyer because of minor repairs be; ...

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  home, real estate, home for sale, home selling

Thursday, May 13, 2021   /   by Ray Lumenario

5 Common Real Estate Investing Mistakes

Although real estate may seem to be a safe bet for anyone, many investors make the same mistakes. Eliminate these errors from your investment activities and you will be well on your way to accumulate the wealth you want. 

1. Poor search. Most of us do a lot of research when planning our vacation or buying a new TV. If you were buying one worth 100k, you can bet you would do even more research! Well, you should do that when you buy a piece of real estate, too. 

2. Insufficient funding. Real estate investors often like wheels and transactions, and their transactions can have a lot of moving parts. Balloon payments, interest payments only, owner financing, subject to, and many others are ordinary. 

•To make a deal, we can get carried away doing everything in our power. Getting a great price does not always justify the treatment if funding is inadequate. 

3. Trying to do everything yourself. Although all real estate investors try this one time or anothe ...

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  investing, real estate, home, investing in real estate, real estate investment

Wednesday, January 20, 2021   /   by Sonny Bhinder

Upgrading / Renovating Your Home

When it comes to mortgages and renovations it is important that you have your financing in place before you take the sledge hammer out of the garage! Lenders do not like coming into play half way through a renovation. Planning is essential to ensure you will have enough funds to cover the renovation costs. 

Did you know there are mortgage products available that may help you with the costs of renovations above the 80% loan-to-value refinancing rule. The Refinance Plus Improvements Mortgage is a great way to incorporate the costs of improvements into your mortgage. 

Here’s a list of typical Refinance Plus Improvements Guidelines: 

1. The improvement funds above the 80% loan-to-value mark for the current as-is market value of your home will be held back by the lender until your renovations are complete. 

2. Lending value is based on an Appraisal that states the As-Is Complete Value 

3. You will need quotes upfront for the proposed improvement ...

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  home renovation, mortgage, refinance, renovation