Posts Tagged ‘Ownership’
What is an Appraisal Gap?
While an appraisal gap can feel stressful, it doesn’t have to derail your home purchase. Written by Shawnna Stiver for Zillow, Edited by Silvestri Properties An appraisal gap is when the home you want to buy appraises for less than the price you agreed to pay. Since mortgage lenders base your loan amount on the…
Read MoreWhat Documents Do I Need for a Mortgage?
If you’re wondering what documents you need for a mortgage? We have you covered. Here is a list of documents needed to apply for a mortgage loan. Written by Alycia Lucio for Zillow. Edited by Silvestri Properties. When applying for a mortgage, you’ll need to submit important documents related to your income, assets, and other personal…
Read MoreBuying a House with Cash vs. Mortgage
When purchasing a home, one of the biggest decisions you’ll need to make is how to pay for it. By Jennifer Lyons for Zillow. Edited by Silvestri Properties When purchasing a home, one of the biggest decisions you’ll need to make is how to pay for it. Should you buy with cash and own your home outright?…
Read MoreHow to Prepare for a Home Appraisal (and What You Need to Know)
If you’re planning to sell or refinance your home, understanding how to prepare for a home appraisal can make a big difference. By Allie Drinkward for Redfin. Edited by Silvestri Properties.An appraisal determines your home’s market value and can affect how much a lender is willing to finance or how much equity you can tap…
Read MoreHow to Save Money for a House
Saving to buy a house requires more than just saving for a down payment. Written by Alycia Lucio for Zillow. Edited by Silvestri Properties You’ll need to think about factors, such as closing costs and moving expenses, to name a few. If you’re worried whether you’ll be able to set aside enough — putting down 20%…
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