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Home Inspections Checklist  for New Home Buyers If you are  looking to buy a new home , usually you need to know everything about the house you are wanting to buy. The interiors, the paint, the heating system, the roof, the air condition, etc all these need to be checked and made sure it is in a perfect working condition So today, we will understand different types of  home inspections checklist  for  new   home buyers . This will help you to assess the actual value of the home you are buying before signing the contract. General Home Inspections A  general licensed home inspector  goes through around 1600 points checklist and inspect your new home and share their concerns with you. That’s when you will come to know if you need to call these additional home inspectors to come in and take a closer look. Chimney Inspections Some older homes may or may not have flues or liners inside the chimney. So having a certifie...

Are you are in the process of refinancing or will be soon? the following  appraisals  tips may help you to get through the process smoothly. It is essential to know information about appraisals before you  refinancing home loan . So that it could enhance the property of your house and make sure that you don’t have any surprises at closing. It depends a lot on location and the type of property. Let’s see a few tips about appraisals. Property Inspection Waiver (PIW) While Refinancing Home Loan This is a new term available for borrowers through the lender since the last couple of years.  PIW  is only available for conventional mortgages through  Fannie Mae or Freddie Mac . PIW means you get a complete waiver for a  property inspection , which usually is a part of the refinancing process. The benefit of getting a PIW are;  a) It speeds up the process of refinancing, and you would be able to close about a week to 10 days early....

How to Use a  Mortgage Payment Calculator ? There is numerous  mortgage payment calculator  out there. Some may be specific while others are more generic! Most accurate mortgage payment calculator is the one, which gives you results based on the lender’s point of view. The intention to use a mortgage payment calculator is to anticipate your mortgage payments when you are refinancing or buying a new house. You might feel the need to do to see if your payments fit your monthly expenses. Let us understand a few tips, on how to use a Mortgage Payment Calculator to its best. Finding the right Mortgage Calculator It is imperative to know if you have the right mortgage calculator based on what you are using one for. Are you looking for  Rate and Term Refinance  (RTRF), a  Cash-out Refinance  (CORF) or a new Property Purchase, the type of calculator you might want to use for payment calculation would vary For example, if you are looki...