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Are There Special Mortgages For First-Time Homebuyers?

by Joshua Gerstin, Esq. | May 19, 2020 | Mortgages:

Yes. Like the video shows, lenders now offer several affordable mortgage options which can help first-time homebuyers overcome obstacles that made purchasing a home difficult in the past. Lenders may now be able to help borrowers who don’t have a lot of money...

What Are “Home Warranties”, And Should I Consider Them?

by Joshua Gerstin, Esq. | May 19, 2020 | Selecting:

You’ll see some pictures in this video to help you remember later, but essentially, home warranties offer you protection for a specific period of time, such as one year, against potentially costly problems like unexpected repairs on appliances or home systems...

What About A Home Located In A Flood Plain?

by Joshua Gerstin, Esq. | May 19, 2020 | Selecting:

A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense. If you live in a flood plain lenders will require that you have flood insurance before lending any...

What Is Earnest Money, And How Much Should I Set Aside?

by Joshua Gerstin, Esq. | May 19, 2020 | Selecting:

Like the video shows, “earnest money” is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price though the amount can vary with local...

What Does A Home Inspector Do, And How Does An Inspection Figure In The Purchase Of A Home?

by Joshua Gerstin, Esq. | May 19, 2020 | Selecting:

As we show you in this video, an inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction and mechanical systems of the house and will make you aware of only repairs that are needed. The Inspector does not...
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