Safety Inspection Tips

By Mary O'Neil

Before you buy a home, you’ll want to know exactly what it is you’re getting. An inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction, and mechanical…

Negotiating Tips

By Mary O'Neil

These tips will help you get the very best deal and write the best possible offer. Always remember to have the home inspected – you can deal off any flaws! Ask for advice! A seasoned…

Closing Costs Explained

By Mary O'Neil

The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child…

What Is Escrow?

By Mary O'Neil

Escrow – A neutral third party holds documents and money for a real estate transaction and ensures that all conditions of a sale are met. Also refers to a special account that a lender uses…

What Is Involved With Closing?

By Mary O'Neil

There may be closing cost customary or unique to a certain locality, but closing cost are usually made up of the following: Attorney’s or escrow fees (Yours and your lender’s if applicable) Property taxes (to…

Tax Benefits of Owning a Home

By Mary O'Neil

The purchase – The IRS says you can deduct interest in the year that it is paid, and that is usually part of each monthly loan payment. Mortgage interest – In general, you can deduct…