There seems to be no end to the price boom in the housing industry. As the trend of rising home prices is yet to reach its peak, players in the market are having their own thoughts about the scenario. Discussed below are some exciting insights that demonstrate different perspectives on the market. However, irrespective of the differences in viewpoints, we can be confident about the market’s health, which is only getting stronger by the day.

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It is important to establish the authenticity of a real estate property before it is sold or mortgaged, which is determined by the documentary evidence. The process of retrieving and analyzing these credentials is commonly known as the ‘Title Search’, which ensures the title to an estate is legitimate and clear of legal and arbitrary issues.

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The interest rate is a proportion of the total amount loaned, customarily expressed in percentage of the sum. As the duration of most mortgage loans run for many years, even a minor reduction in the interest can correspond to significant savings in the overall repayable amount of the loan over its lifetime. However, it’s not the interest rate that can increase the projected monthly mortgage payment.

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Even with changing times, owning a home continues to be the primary goal of many Americans. However, the intricacies involved in the home buying process along with the effort to obtain a home loan can be an extremely stressful experience. It can be even more challenging for first-time home buyers. It can get even difficult for those who are not aware of the lesser-known aspects of the home buying process. Read More →