Pedro's blog

Rent-to-own is also called as a lease option. It is a legal contract by which a renter can lease a property and when the lease ends, the renter can purchase that home at a price that was fixed previously.

The perfect buyers for a rent-to-own option are those people who wish to purchase a home but don’t have enough money for paying a down payment. So, you must be wise enough to sign a rent-to-own contract being a renter.

Sometimes buying a home becomes so hard that it can be compared to a hurdle race in the Olympics. The paperwork is complex, so as the terminology and the fees structure along with the parties involved in the process. It’s natural to agree to anything, sign everything and just run through the procedure as quick as possible. But while that mentality helps you to get a success in a downhill skiing, it won’t help you to be a winner in life’s uphill financial battle.

Being a couple, if only one of you has a good credit score between you and your partner, there is little chance for you both to qualify for a mortgage. Mortgage lenders will consider both of your FICO scores in case of a joint mortgage application. So, as a couple, it is quite possible that you have to pay high-interest. For this reason, taking out a joint mortgage may become difficult for you.

Check out the options to consider if it happens with you:

1. Dispute if you have any credit report error

You must dispute errors on your credit report as soon as possible.

Britain’s historic decision to leave the European Union, in short, “Brexit”, has a huge effect on the global financial market. The Brexit has influenced vivid assets starting from federal bonds, Treasuries and certificates, gold, stock market, and even the US mortgage and real estate market.

One of the major causes for selling your home is shifting to a bigger home for accommodating a growing family. As your kids enter into their teen, they also demand more privacy and space for their own. They'll want separate bedrooms, study rooms, and play houses, etc. Your old two-bedroom home just can’t cope up with the load further.

So, what you must consider before upgrading or downgrading your house?

It's quite hard for kids to manage their finances after leaving their parent’s shelter. So, parents will also continue to support them financially. The best example would be paying the mortgage on behalf of their kids. However, if you are one of those parents, you're normally not getting a deduction, and you might even get a gift tax bill.

Moving to another apartment can be really exhausting and troublesome for first-timers. But you can reduce the stress and trouble that would cost you while moving to your new apartment just following the below-given points.

Selling your Long Island home is a tough call, especially in the winter months. You'll encounter a notoriously harsh beauty, and it'll be difficult to travel or navigate due to snow and ice in the roadways. Due to a heavy cold, the place becomes a barren landscape with leafless trees. In the winter days, the place loses its beauty and local houses looks dull. But, in the springtime, nature’s beauty regain it's charm and increases the amazing outside appearance.

The joys and excitement of buying a new home are sometimes ruined when your application for a mortgage is rejected by the lender. If your loan request has been denied, you must understand the reasons why the loan was rejected and what option you now have left to correct the problem again in the future. The following signs will help you to detect those common causes for loan denials and effective steps you can take to prevent it.

Buying a home with zero down payment facility sounds very attractive to most of the home buyers. But in an actual situation, it’s very difficult to get a zero down payment home loan or mortgage. Most of the banks aren't providing such loan to the consumers. However, there are some options where a homebuyer can go for a no down payment loan. Here’s how you can opt for a zero down payment mortgage and the good and bad side of getting it.