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Local Articles in Reidsville
A home will likely be the most expensive purchase you make. Learn about the types of home loans available and the loan requirements you'll need to meet.
Getting preapproved for a loan before you go house hunting can make the process much easier, and prevent any last-minute mortgage surprises before you buy.
The housing bubble pop caused a nightmare for the housing market. Learn the basics of how to negotiate the healing mortgage industry and what to avoid.
As with anything like this, some are scams, some legit but poorly organized or run, some legit. There are a few new companies set up by hedge funds just getting into rentals and into buying foreclosed properties in good shape, which they then rent or lease and will, in some cases, allow rent to partly apply to purchase.
Before you even think about this type of arrangement, you should have it THOROUGHLY reviewed by a lawyer, because once you get into it you will be stuck, and most likely there will be a LOT of terms restricting your investment. Considering the average person moves every 5 years or so for employment or family or medical reasons, and generally these sort of arrangements have to be carried through to completion to get ANY of your investment back out of the deal, it is generally a losing proposition for almost everyone - a fact the companies count on.
Mortgage Brokering reviews in Reidsville
I read the awful reviews and know about the disgruntled people but I didn't have that kind of experience. I can't help but wonder if there were problems that arose with their finances in general. Our house appraised for what we thought it was worth so there were no problems there. As soon as they asked for a Bank Statement or Pay Stub I emailed over a PDF right away. Everything went seriously smooth so don't be afraid to give them a try. And if you are still nervous then ask to work the people I worked with then at least you know you aren't going to be dealing with total idiots.
the other parties involved - keeping us on task to get them the information they needed to keep moving forward. Cannot recommend them enough.”
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