Unlocking Your Business Potential
What does PITI mean in real estate? principal, interest, taxes and insurance PITI is an acronym that stands for principal, interest, taxes and insurance. Many mortgage lenders estimate PITI for you before they decide whether you qualify for a mortgage. Lending institutions don’t want to extend you a loan that’s too high to pay back. … Read more
Can I pay estate agent with credit card? Some estate agents, therefore, have also decided to join in, and many now accept major credit cards. Some estate agents may accept credit cards to pay for the completion of a sale on a property, but not for a deposit on a rental, but this will be … Read more
Are real estate developers rich? When the question comes to making money in real estate, a real estate career as a developer can make you rich. Additionally, the profit a real estate developer makes may exceed $ 1,000,000. Still, you should understand that there are many factors that influence the profit of the developer. Read … Read more
Why do mortgages get sold? Lenders typically sell loans for two reasons. The first is to free up capital that can be used to make loans to other borrowers. The other is to generate cash by selling the loan to another bank while retaining the right to service the loan. Read more on www.lcsun-news.com Real … Read more
Can I buy a house with my EIN number? In some cases, a federal Tax ID number can be used to obtain financing. In the majority of cases, a Tax ID number will need to have some positive credit history in order for a borrower or business to get approved for financing. Read more on … Read more
Do you need an appraisal if you put 20% down? Fannie Mae requires that the buyers of most homes come up with a down payment of 20% of the home’s final purchase price to qualify for an appraisal waiver. Read more on www.rocketmortgage.com 20% down payment on a house is frequently regarded as the perfect … Read more
Can you get a loan to invest in real estate? An investment property loan is money you borrow to buy or build a property that has the potential to produce income for you by leasing the space out to a tenant, or by re-selling it after you increase its value. Investment property loans include construction, … Read more