Buy a condominium or get a starter home?

Written by Syd Johnson


Continued from page 1

Also, beware of communities in transition. If a community is onrepparttar decline, you can often find a lot of condo openings but you can end up losing big when you try to unloadrepparttar 112104 property later on. Do your own market research and don’t rely solely on your broker to figure out ifrepparttar 112105 rate of appreciation would be conducive to condo ownership in your area.

Also, watch out for oversupply. If developers get ahead of themselves and floodrepparttar 112106 market with empty condo units, it can take a long time for you to recover your investment.

However, if you live in densely packed, affluent urban area like parts of New York City, Miami or Los Angeles, a condo can yield almostrepparttar 112107 same rates of return asrepparttar 112108 average single family home.

Do some research, get professional advice and weigh your long term goals carefully if you are thinking about purchasing a condo.

This article may be freely distributed as long as there's an active link to http://www.rapidlingo.com Syd Johnson Editor


Mortgage brokers can help you save time and mone

Written by Syd Johnson


Continued from page 1

There is usually a lot to learn before you close on your home loan. A mortgage broker has a built in advantage of years of training and experience. He or she can look at your loan documents and spot troubles ahead of time. As with any type of major contract, it is much easier to spot and correct problems up front than three or four years downrepparttar line.

Mortgage brokers usually have one of two types of professional arrangements: they can make money from borrowers by charging a fee for their counsel, or they can make money from mortgage lenders for bringing in new clients. Neither arrangement is free from abuse.

So ask a lot of questions up front, and ask for referrals from other home owners who have used their services inrepparttar 112103 past. In addition, takerepparttar 112104 time to read every document that comes your way and ask questions if you’re not sure, or if you’re feeling pressured.

To find a qualified mortgage broker, do a quick search online or ask for referrals from homeowners in your town.

This article may be freely distributed as long as there's an active link to http://www.rapidlingo.com Syd Johnson Editor


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