07 Apr 2021
By RESCO Realty

Approved With Conditions: What Does It Mean?

Real Estate, ,
Applying for a home loan might not be the most exciting part of purchasing a home; however, many homeowners need to go through a lender to purchase a home. It is exciting to hear that the approval letter has gone through; however, it is also possible for someone to see that they have been approved with conditions. What does this mean? What are some of the most common reasons why someone might have conditions? It Could Just Be Standard Procedure Sometimes, people see that they have conditions to meet as a simple part of the approval process. For example, someone…
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02 Apr 2021
By RESCO Realty

Why A Carpet Change Can Boosts Your Home Sales Price

Real Estate, ,
When selling a home, it is rare for folks to see in bold big letters, "new carpet just installed". However, on a practical level, replacing the carpet in a home just before selling can go a long way to helping the deal close. A Brutally-Beaten Leftover In just about every used home, the carpet has taken a beating. Even if the home has only been owned for a few years, carpets have taken a tremendous amount of traffic, walked-in dirt, funky smells, and dust that build up over time. That not only changes the color of the existing carpet, it also…
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26 Mar 2021
By RESCO Realty

An Overview of Amortization: It Plays A Role In Monthly Mortgage Payments

Real Estate, ,
Even though this may sound like a fancy word, amortization is simply a long word for a straightforward topic. Furthermore, it plays a significant role in the determination of monthly mortgage payments. Before taking out a home loan, homeowners need to understand how their payment schedule works and what this means for the future of the home loan. Amortization refers to the way monthly payments are calculated to make sure that homeowners pay the same amount every month throughout the life of the loan. Even if homeowners do not stay in the house for the life of the loan, amortization…
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