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should you buy a condo

what is the difference between refinance and home equity loan Fortunately, selling your home isn’t the only way to tap your equity. You also have the option of getting acash-out refinance or a home equity loan. Although both achieve a similar purpose, one choice may be a better fit for your circumstances. Therefore, it’s important to recognize the differences between a refinance and a home equity loan.

Condo: According to Franklin, buying a condo is a great way to stop renting, get equity, and save for a single-family home. "They also then make a great long-term investment if you can pull the equity out of the home to purchase a single-family home in the future, but keep the condo for a rental property," she says.

Buying a condo typically involves all of these things plus a whole lot more. There are questions that every buyer should ask before buying a condominium. One of the biggest things customers fail to understand about buying a condo is that they will usually be buying into a community where some rules and regulations must be followed.

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Condo Buying Still Requires Real Estate Agents Whenever you shop for a purchase as large as a home or condo, consulting the experts is a must, especially for first-time buyers. Finding a real estate agent who has experience in matching condo sellers with condo buyers can mean the difference between a long and frustrating process and a.

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Having lived for some time in a condo, my wife and I woefully underestimated the. depreciates the second you drive it off.

Condo vs. Apartment: Which one should you choose? Are you torn between buying a condo or renting an apartment? While each offer a similar living style and architectural format, choosing one over the other presents a much different type of lifestyle and it can be hard to even know the difference between a condo and an apartment for rent.

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When it comes to buying your first home, you might think your first home should be a single family home. http://persingergroup.com But here are 5 reasons you.

You should be well aware of those before you buy a condo and find you can’t live with their rules. What to Know About Buying a Condo. In addition to a condo’s rules, you should also be aware of the condo association’s budget. That way you can know what kind of money you’ll need to contribute, as well as where the money is going.

Interested homebuyers often ask me, "Should I buy a condominium or a house?" Before I can tell them which one I’d recommend, I need to understand their circumstances, including budget, expectations.

home buying calculator Texas Determine what you could pay each month by using this mortgage calculator to calculate estimated monthly payments and rate options for a variety of loan terms. Get a breakdown of estimated costs including property taxes, insurance and PMI.