Buying A Rental Property with Current Tenants? Have You Heard of a Tenant Estoppel Certificate, and Why Do You Need One?

Buying A Rental Property with Current Tenants? Have You Heard of a Tenant Estoppel Certificate, and Why Do You Need One?

Article by – Vanessa Martin Introduction Simply put an estoppel certificate for landlords, often referred to as a “tenant estoppel certificate,” is a legal document used in commercial real estate leasing situations. It is typically provided to a tenant by the landlord or their representative, and it serves several important purposes. Verification of Lease Terms…

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Buying Property in a Condo Association or HOA Community, What is an Estoppel Letter and Why Should You Get one?

Buying Property in a Condo Association or HOA Community, What is an Estoppel Letter and Why Should You Get one?

Article by – Vanessa Martin The Need for Comprehensive Due Diligence If you’re thinking about buying an investment property and you find one in an HOA community, it’s crucial to do thorough research. Not doing so could lead to unexpected costs, and as the buyer, it’s your responsibility to avoid this. Conducting research involves more…

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Protect Your Home Title from Scams: Essential Tips by LendingGig

Protect Your Home Title from Scams: Essential Tips by LendingGig

Article by – Vanessa Martin In an increasingly digital world, safeguarding your home and property has never been more critical. Scammers are continually finding new ways to exploit vulnerabilities, and one area where you need to remain vigilant is the security of your home title. In this article, Vanessa Martin from LendingGig shares essential tips…

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What You Should Know About Home Appraisals

What You Should Know About Home Appraisals

Home appraisals performed by professionally certified appraisers are required in most real estate transactions and mortgage refinances. When a lender is involved in loans that use a property as collateral, they order an appraisal to ensure the property meets or exceeds the loan amount. Appraisals protect the lender in case of subsequent default by the…

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What Is the Difference Between an HOA and a POA?

What Is the Difference Between an HOA and a POA?

If you’ve searched for homes or other real estate properties, you’ve probably heard about a Homeowner’s Association (HOA) and Property Owner’s Association (POA). What Is a Homeowner’s Association (HOA)? Generally, a homeowner’s association is a collection of similar houses or residences in the same geographical area, conforming to the same rules and regulations. Developers usually…

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What Is Delayed Financing?

What Is Delayed Financing?

Delayed financing allows homebuyers to purchase a property with cash, then obtain a cash-out refinance mortgage to recoup all, or most, of the money used for the purchase. This strategy lets the buyer make a cash offer on a property, which is more attractive to sellers, especially in a bidding war. Why Use Delayed Financing?…

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What is the Difference Between Pre-Qualified and Pre-Approved for a Mortgage?

What is the Difference Between Pre-Qualified and Pre-Approved for a Mortgage?

As you prepare to purchase a new home, you’ll hear the terms “pre-qualified” and “pre-approved.” These are key steps in the mortgage application process. However, there are important differences in the two terms that every homebuyer needs to understand. Briefly, being pre-qualified is a first step in the mortgage process that gives you an idea…

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What Are the Requirements for a Mortgage Pre-Approval?

What Are the Requirements for a Mortgage Pre-Approval?

A pre-approval letter is a document from a lender based on certain assumptions, stating the maximum the lender is willing to lend to purchase a home. When applying for a mortgage pre-approval, the lender typically requires information about your credit, employment, income, debts, and assets to determine your creditworthiness. Documents Needed for Mortgage Pre-Approval Here…

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