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Can Rental Income Help You Qualify For a Mortgage?
February 28, 2000 "I am looking to buy a property that I will occupy part of the year. The rest of the time it will be rented out for a guaranteed amount. Will the lender include the rental income in qualifying me for a loan?" Yes, the lender will include some of ... more... Do Mortgage Lenders Recognize Bargain Prices? October 9, 2000 "I am buying a house for $105,000 but it is appraised at $120,000. Can I use the difference as my down payment?" "I have no cash and lots of credit card debt, but I think I can purchase a house for less than its appraised value. Can I use the ... more... |
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palm beach property appraiser related definitions |
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Appraisal
Appraisal An estimate of the value of property, made by a qualified professional called an "appraiser". Before a lender will lend you the money for a home, they will first require an appraisal to be done by a qualified licensed appraiser ... more... Sheriff Sale Sheriff Sale The sheriff's sale is a public auction held at the courthouse door, and anyone can bid on the property. The property is sold to the highest bidder and the proceeds are used to pay for the costs of the sale and to pay off the mortgage. A deed given at the ... more... |
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More about palm beach property appraiser Why Invest In Property? Investing: Commercial Property Best Buy to Let Mortgage Calculators Landlord Insurance Top Ten Tips when Buying Real Estate! One Stop Shop for Buy to Let Mortgage Glossary of Terms Real Estate Stories that Show You How! Will a 1031 Property Exchange Solve Your Problems? Property Investment How to Calculate Rental Returns
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