Category: Home Buying

Condo Vs. Apartment: Which One Should You Choose?

Condo Vs. Apartment: Which One Should You Choose?

Nomenclature The name 'apartment' has French and Italian origins, and means to separate or divide. The name 'condominium' originates from the Latin words - 'con', which means together with, and 'dominion', which means right of ownership. There are different kinds of people in this world; and while it ...

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Pros and Cons of Buying HUD Homes

Pros and Cons of Buying HUD Homes

"Across the country, HUD is providing help and hope. The best place to start is homeownership. When done responsibly, it strengthens communities and boosts our economy. It helps families put down roots and secure their financial futures." ― Julián Castro, United States Secretary of Housing and Urban Development ...

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Things You must Know Before Buying a HUD Home

Things You must Know Before Buying a HUD Home

Did You Know? As of July 2014, the U.S. Department of Housing and Urban Development (HUD) has initiated a venture called Good Neighbor Next Door (GNND). Through this initiative, HUD sells houses for 50% of the listed price, and that, with the current mortgage rates. And the down payment is just USD 100. HUD ...

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How Does Rent-to-own Home Work?

How Does Rent-to-own Home Work?

There could be a house in a neighborhood that you really want to settle in but for whatever reason you can't qualify to buy a home. Instead, you can qualify to rent one that you'd like to be able to buy in the future. Thus, rent-to-own especially appeals to former homeowners who want to get back into ownership. ― ...

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Minimum Credit Score Needed to Buy a House

Minimum Credit Score Needed to Buy a House

Now, That's a Good Score! On the FICO scale of 300 to 850, the median credit score is 720. According to Fair Isaac, the company that created FICO scoring, 40% of the US population has a score above 750 and 13% have a score over 800. Your credit score can significantly highlight your ability to qualify for a ...

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