Tag

new construction home

Building, Buying

New Home Construction Loans: What They Are & How They Work

Understanding your available loans and financing options, how they work, and what works well for you is a critical step to realizing your new home dream.

So, if you’re thinking about building a new home or buying new construction, you should know that there are specific home construction loans and financing options available to help you do just that – in fact, there are a lot of loans and options for that!

Buying, Research, Unsyndicated

What is Proof of Funds in Real Estate?

homebuyers will find themselves being asked for is a POF, or proof of funds letter. The POF is a document, provided by a bank or other financial institution, which proves that the buyer has the funds required to cover their share of a given transaction, like the purchase of a home.

Buying, Research, Unsyndicated

What is an HOA? Benefits, Fees & More

What exactly is an HOA? It’s generally defined as a private, self-governing organization in common-interest communities, like neighborhoods of single-family homes, condos, high rises, and townhouses. While the ins and outs of one HOA to another can vary wildly, they are typically devoted to managing, overseeing, and developing the community, both by upholding rules and regulations, and maintaining shared amenities and services.

Buying, Research, Unsyndicated

What is a Gated Community?

If you’re a prospective homebuyer, you may find yourself debating the appeal of life in a gated community. Like so many questions you’re likely facing, this one is complicated and hinges a good deal on personal preference – but we can help you get started by defining what this type of community actually is.

Building, Buying, Research

When is Down Payment Due for New Construction Home

What can be more exciting than being able to design your new home, select the exterior and interior materials and finishes and then watch your dream home take shape before your eyes? Before starting on this exciting process, it’s a good idea to get educated on the financial aspects of buying a new construction home.