What is house inspection - Mortgage Tips from Me to You



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Mortgage Professor about house inspection:

Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Legal Thievery at the Closing Table
July 8, 2002 "I paid $2240 in lender fees when my loan closed, compared to the $880 I was quoted at the time my rate was locked. It was a total surprise that hit me at the closing table. With my house purchase at stake, there was nothing I could do. This is outrageous?why doesn?t ... more...

house inspection related definitions

Depreciation
Depreciation Decline in the value of a house due to wear and tear, obsolescence, adverse changes in the neighborhood, or any other reason. Depreciation is treated as an expense and is a line item on an income statement. Depreciation can only be applied to the building and not ... more...

Homestead
Homestead Status provided to a homeowner's principal residence - the dwelling (house and contiguous land) of the head of a family -in some states that protects the home against judgements up to specified amounts. Some states grant statutory exemptions, protecting homestead ... more...

More about house inspection

Get Free house inspection Quotes and Estimates
Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Mortgage Tips from Me to You
Our first suggestion is to save, save, and save some more. The idea behind this is to enable you to make the largest initial down payment on your new home as possible. We know how difficult it can be to save, but this could save you thousands of dollars in the long run. Wouldnt it be great to be ... more...

A Few Easy Ways To Take The Headache Out Of Moving
Moving from one house to another is always a challenge, but it doesnt have to be a nightmare. Here are some simple tips on how to get it done with minimal stress and strain.Look at all the alternatives: hiring a moving company, for example, versus renting a truck and doing it yourself. Whichever ... more...

Should You Refinance?
There are several reasons that might make someone consider refinancing their existing mortgage. One would be to get a lower interest rate than what they currently have, thereby reducing monthly payments and lowering the overall cost of the mortgage. Another is to shorten the length of the loan, ... more...

What's Missing on Most Home Buyer's Checklists?
In a search for "Home Buyer's Checklist," I found articles, spread sheets, and tips with differing advice. Some of this advice includes:1. Know your location2. Negotiate price3. Check for amenities and compare to other homes4. Inspect the house for defectsIt seems that the real estate websites want ... more...

Buying Country Acreage and Rural Properties, To Buy or Not To Buy
Almost anyone can become a rural property owner; if you are willing to set goals, establish what your purposes are, plan ahead and set targets that are all aligned toward the same result. And, if you can be patient instead of requiring instant gratification.There is no more $50-an-acre land; unless ... more...

How to Find and Buy a Distressed House (With Little or Nothing Down)
Real estate investors appreciate how to make fortunes buying distressed houses. Investors recognize that bargain houses offer the best way to make a return quickly.Distressed houses also open up a way for first-time home buyers to buy with little or no savings for a down payment. If you want to ... more...

How to Find and Buy a Bargain House with Little or No-Money Down
Real estate investors know how to make money buying distressed houses. Investors recognize that bargain houses offer the best way to make a return quickly.Bargain houses also open up a way for first-time home buyers to buy with little or no savings for a down payment. If you want to reduce the ... more...

Getting a Home Inspection
If you are in the process of purchasing a new home, it will definitely be in your best interest to have a home inspection done.Not only will you want to have a home inspection done for your own sake, and peace of mind. But most lenders will require that you have a home inspection before they will ... more...

Use the FHA Mortgage Specifically Created for Home Improvement
Almost everyone knows about FHA mortgages. They are tailor-made for first time homebuyers and others with less than perfect credit or other financial issues. You don't have to be low income or have bad credit to use FHA, but generally the loan limits prohibit high priced homes.What you may not ... more...

Home Buying Process: 15 Tips for First Time Home Buyers
As a first time home buyer, you probably need all the advice you can get. That's why I've collected what I feel are the top 15 pieces of advice for first time buyers. These tips will help make your home buying process a smooth one!1. Get a copy of your credit report. Obtain a copy of your credit ... more...

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