Homesmart

Tag: Financing

Posted on 11/20/2022
Unconventional homes: How to fund a mobile, modulary or manufactured home purchase
Homes come in a variety of sizes, shapes, types and mobility options. And, while mortgages or saved monies are required to purchase all types of homes, it’s always a good idea to know what’s required for your specific home transactions. What better place to start than identifying the type of home you’re searching for? For those searching for...
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Posted on 09/20/2020
Should You Finance with a Mortgage Lender? Pros & Cons
Photo by Helloquence on Unsplash When financing a home purchase, one of the most basic decisions to make is where to get your mortgage from. The basic options are whether you should go to a mortgage lender or not. Financing with a mortgage lender has both pros and cons. Pro: Many Loan Options If you go to a...
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Posted on 01/19/2020
Negotiating a Land Contract Vs. a Mortgage
Image by Shutterbug75 from Pixabay With a mortgage, a buyer is applying for financing to purchase the property in its entirety. They're relying on their credit and assets for approval before assuming responsibility of the full property. In a land contract, you're cutting out the need for a formal lender and relying on the seller to approve or...
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