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Well, here’s a topic we can argue over! Hahaha. “Running the numbers” (also known by industry pros as “underwriting”) is far an away the most subjective objective process in real estate. A deal underwritten by one investor may be a hard no, while the same deal underwritten by another investor is an impossible to miss investment. What makes the difference?
Money Problems When Utahans run into money problems, they may realize they cannot pay the mortgage. When a debt goes unpaid, there are serious repercussions. If the debt continues unpaid, the lender has no choice but to foreclose the home to satisfy the debt. Foreclosure is when a bank takes possession of a home to satisfy a mortgage that is
What’s Home Equity? Home Equity is the value of a property minus the mortgage. For many Americans, home equity is the largest asset they possess. Home Equity Makes Me Rich, Right? While your home equity makes a lot of people feel good, it’s NOT making them any money! Over time, your home increases in value, which adds more equity. This
If you’re like many home shoppers, you understand that there are differences between condos and townhomes but you may not understand what those differences are. This is because there are also similarities. For example, townhomes are frequently governed by a homeowner association (HOA) and condos almost always are. I don’t know about you, but when I think about condos, I