When You Invest in Homer,
You Invest in a State of Mind
Welcome to our blog, where we go in-depth about current market trends, offer tips and information for Buyers and Sellers, answer frequently asked questions, and more.
Latest from the Blog
What’s the Difference Between Prequalified and Preapproved?
When you get prequalified, you get an estimate of an amount you may be able to borrow based on the information you provide regarding your finances. Prequalification also allows you to discuss your goals and needs with your lender to find the right mortgage option. Once you’ve been prequalified, you will usually get a letterContinue reading “What’s the Difference Between Prequalified and Preapproved?”
Appraisals
How do you make sure you are not overpaying for a home? If you are a Buyer who willneed a mortgage, your lender will require an appraisal of the property. An appraisal is an unbiased professional opinion of the value of a home. InAlaska, certified residential appraisers have more than 200 hours ofqualifying education andContinue reading “Appraisals”
What is Seller or Owner Financing?
Seller financing is when the Seller of a property agrees to act as the bank and directly finances a purchase for the Buyer, most common in land purchases. Usually, the down payment is at least 20% The interest rate and the amount of payment are all negotiable The remainder can be spread over 5, 10,Continue reading “What is Seller or Owner Financing?”
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Homer Real Estate 