Market Value Vs. Appraised Value: Know The Difference

If you are in the search for a home, you might encounter the terms market value and appraised value while perusing the listings. Knowing how these terms affect things like selling price, property taxes, homeowners' insurance, and more are a vital part of the home-buying process. Read on to learn more about these two terms and be ready to snag a deal on your dream home. Market Value When you find a home listed at a certain price, you are probably looking at the market value.

What's The Maximum DTI You Can Have And Still Get Approved For A Mortgage?

When qualifying people for mortgages, banks typically look at how much debt a person has relative to their income. Called the debt-to-income ratio (DTI), this number should be—at maximum—43 percent, according to most experts. In some cases, however, you can have a DTI ratio much higher than that and still get approved for a mortgage. Here's more information about these exceptions. Exception #1 – High Credit Rating A good credit rating can open a lot of doors and allow access to a lot of opportunities, and qualifying for a mortgage while you have a high debt-to-income ratio is one of them.

3 Things To Look For When Choosing A Home In A Golf Community

If you love to golf and if you are the process of purchasing a home, then one thing that you might be looking for is a home that is located in a golf community. To help ensure that you are happy with the home and neighborhood that you choose, you should know that there are a few things that you should look for. These are some of the things that you will probably want to look at when choosing a home in a golf community.

A Few Things To Take Into Consideration When Looking For New Office Space To Lease

If your small business is outgrowing your current office space, you'll want to start looking for a new place a few months before your current lease is up. This gives you plenty of time to scout out a new location and settle on terms of a new lease. Finding a new place for your business takes a lot of thought because you want a place that is convenient and safe for your employees and clients as well as a place that is good value for your money.

Looking At Homes For Sale? Consider A Few Benefits Of A Multi-Story House

When you begin the process of buying a home, you will find out how exciting it is to look at so many homes and realize that you can pick one from a vast number of options. This means you do not have to worry about putting an offer on a home that you only think is satisfactory. If you are open to many homes as long as they meet a few basic needs, you should consider a few of the major benefits that come from purchasing a home with multiple stories.