a large portion of the purchase price will be financed using some sort of financial instrument or debt, such as a mortgage loan collateralized by the property itself. The amount of the purchase price financed by debt is referred to as leverage. The amount financed by the investor's own capital, through cash or other asset transfers, is referred to as equity. The ratio of leverage to total appraised value (often referred to as "LTV", or loan to value for a conventional mortgage) is one mathematical measure of the risk an investor is taking by using leverage to finance the purchase of a property. Investors usually seek to decrease their equity requirements and increase their leverage, so that their return on investment (ROI) is maximized. Lenders and other financial institutions usually have minimum equity requirements for real estate investments they are being asked to finance, typically on the order of 20% of appraised value. Investors seeking low equity requirements may explore alternate financing arrangements as part of the purchase of a property (for instance, seller financing, seller subordination, private equity sources, etc.) If the property requires substantial repair, traditional lenders like banks will often not lend on a property and the investor may be required to borrow from a private lender utilizing a short term bridge loan like a hard money loan from a Hard money lender
A realtor typically charges a commission fee, which is usually around 5-6 of the final sale price of a property.
While it is not required to use a realtor to sell your house, having a realtor can provide valuable expertise, guidance, and assistance throughout the selling process.
up to 1 million dollars !
The additional money paid for the use of a large sum of money is typically referred to as "interest." Interest is the cost of borrowing money, calculated as a percentage of the principal amount over a specific period. It compensates the lender for the risk and opportunity cost associated with lending the funds.
You need to check out both and see if they are reliable. The realtor is going to be a middleman unless he has the money to lend. He would have to get a loan and then loan that to you. Check the Better Business Bureau and see what the ratings are on both the bank and the realtor.
A local realtor can answer your question.
A realtor typically charges a commission fee, which is usually around 5-6 of the final sale price of a property.
There is no standard. A local realtor can help you price the condominium that you want to purchase.
a good Realtor maximizes the money you get, net of commission, for your home.
Speak with a Realtor, ask for a recommendation from a friend or family member on which Realtor to use. The cost of having a Realtor on your side as a buyer is little to none. They will help you find the right property for you and can recommend a reputable mortgage lender.
No it doesn't cost money to answer questions on, it is a fantastic little tool to use, i use it a lot
A local realtor can answer your question.
A local realtor can answer your question.
A local realtor can answer your question.
A local realtor can answer your question.
A local realtor can answer your question specifically.
it cost money