03 May 2023
By RESCO Realty

The Benefits Of Working With A Real Estate Agent You Need To Know

Mortgage, Real Estate, ,
When it comes to buying or selling a home, working with an experienced real estate agent can be the difference between success and failure. Not only do agents possess access to the Multiple Listing Service (MLS) — a comprehensive database of properties for sale — they also provide invaluable insight into local markets, saving buyers and sellers time by handling many of the tedious tasks associated with transactions.  Access To The Multiple Listing Service: MLS From scheduling showings and negotiating offers to managing paperwork from start-to-finish, having an experienced professional on your side makes all the difference in navigating even complex…
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27 Apr 2023
By RESCO Realty

What Is A Mechanic’s Lien?

Mortgage, Real Estate, ,
A mechanic's lien is a legal claim placed on a property by a contractor, subcontractor, or supplier who has provided labor, materials, or equipment to improve the property. The lien serves as security for the payment of the debt owed to the party who provided the services or materials. Mechanic's liens are typically used in the construction industry, where contractors and subcontractors may perform work on a property and then have difficulty obtaining payment from the property owner. The lien provides the contractor with a legal means to collect payment for their work by placing a hold on the property…
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26 Apr 2023
By RESCO Realty

Mortgage Interest Rate Versus APR

Real Estate, ,
When you go through the process of applying for a mortgage, you need to make sure you understand all of the terms on the page. Two of the most common numbers you will come across include the mortgage rate and the APR. Many people associate both of these numbers with interest rates, but you will probably notice that they are not quite the same. What are the differences between these two numbers, and how are they going to impact your mortgage loan? The Mortgage Interest Rate The first number you are probably going to look at is the mortgage interest…
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