Table of Contents

  1. What are the different types of financing available?
  2. Why do I need to get a home inspection?
  3. Why is it better to buy a home from a real estate agent rather than "For Sale by Owner"?
  4. Does LiteHouse Realty charge processing or administration fees?
  5. What should I do if I am about to lose my home due to foreclosure, bankruptcy, or other family crisis?
  6. How quickly can I close on my house?

What are the different types of financing available?

There are many types of financing available.  Fixed-rate loans are loans where the interest rate is locked in and doesn't change over the term of the loan.  Adjustable Rate Mortgages or (ARMs) are loans where the interest rate is a combination of a fixed interest rate and a variable interest rate.  These loans fall in to several different catagories:   FHA (Federal Housing Administration), VA (Veteran's Administration), and the rest are typically referred to as "conventional" mortgages. A mortgage professional like the one listed here can help you find the loan program which suits you best.

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Why do I need a home inspection?

A home inspection is one of the most important steps in purchasing a home.  It educates the buyer on exactly what condition the home is in.  A home inspection will ensure the home is within safety codes both inside and out.  The roof, furnace, attic and basement  are all areas that are given great care when doing an inspection.

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Why is it better to buy a home from a real estate agent rather than from "For Sale by Owner"?

A real estate agent is highly trained in negotiating the best price for a home.  Each year laws are added and taken away with regards to real estate transactions and real estate agents must remain current. 

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Does LiteHouse Realty charge processing or administration fees?

No.  LiteHouse Realty would rather see its customers invest these fees back into the home.

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What should I do if I am about to lose my home due to foreclosure, bankruptcy, or other family crisis?

The first thing to remember is that the bank does not want the property.  At LiteHouse Realty, we have years of experience helping homeowners through difficult times while helping keep their integrity up and their stress levels down.

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How quickly can I close on my home?

A normal real estate transaction can be accomplished within 3-7 weeks, but this is dependent upon the individual situation.

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Copyright © 2005  LiteHouse Realty. All rights reserved.  Revised: 01/17/05.