Everything You Need to Know About Lender LTVs

Everything You Need to Know About Lender LTVs

We love every opportunity to show our guests the many Hot Springs Village homes for sale. We enjoy introducing prospective buyers to both the community and the surrounding area. But sometimes those buyers aren’t exactly sure what they are getting themselves...
Tips for the First-Time Homebuyer

Tips for the First-Time Homebuyer

There is nothing more fulfilling than finally owning your own home. It’s like a rite of passage into “adulting!” But it can also be a little overwhelming, and let’s face it, you weren’t prepared for this by your high school economics class. We’ve put together a...
What are “seller concessions”?

What are “seller concessions”?

Sellers may offer concessions to incentivize buyers to purchase the home or sweeten the deal. There are usually limits to what a seller can contribute, which will vary based on the type of loan. Typical seller concessions for an FHA loan may include: Loan discount...
What is “Equity”?

What is “Equity”?

Equity is the investment a homeowner has in their home. To calculate equity, take the market value of the home and subtract any mortgages or liens against the property. The amount leftover is the amount of equity you have in the home. It’s important to build equity as...
Spring is the Best Time of Year for the Real Estate Market.

Spring is the Best Time of Year for the Real Estate Market.

Spring is a time for new beginnings, including finding the perfect home or selling the one where you currently live. As the days get longer and the temperatures get warmer, it’s a great time to get out and look at homes, as well as to get properties ready to sell. For...

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