Yes you will, that’s because of the mortgage insurance involved! Private mortgage insurance, commonly shortened to PMI, is a common cost for homeowners who made a down payment smaller than 30 percent of the homes purchase price. What is PMI? Private mortgage insurance (PMI) is a type of insurance that conventional mortgage lenders require when […]
Paying off your mortgage early can be costly. Learn more about early payment on a mortgage. What is an early payment charge? An early repayment charge is a fee you might have to pay your lender if you want to end your mortgage deal before the ‘official’ deal term ends. For instance, you have a […]
Yes, however the property cannot be a refurbished building so that it can appraise for the price (valuation). Buying a home is becoming increasingly common these days. It has been standard practice for some time in the real estate world for sellers to skip the home closing by pre-signing paperwork and having sale proceeds wired […]
Ever since the dawn of the COVID-19 pandemic, the U.S. real estate market has been on a tear. In the twelve months between August 2020 and August 2021, American home prices rose by a national average of 19.8%—the highest annual increase ever recorded. But this national uptick in housing prices has hardly affected every place […]
We outline all you need to consider if you plan on letting out your new US property with Luvanex Realty once you have made the purchase. Many investors who buy property in the USA do this to earn rental income. The US, of course, has its own rules, regulations and requirements that you need to […]
Our Foreign Investors Program does not guarantee investors residence in the United States. To obtain citizenship by investment is one of the fastest and most reliable ways a foreign national can become a U.S. citizen. It requires becoming an EB-5 green card holder. Since the commencement of this green card program in 1990, investors from […]
As a smart investor you will want to buy a home as soon as you come across the right one. But it’s not always that simple. There are many financial issues that will determine whether you’ll be able to purchase the house, as well as the terms of your mortgage. Understanding the requirements to buy […]
The vast majority of real estate agents are commission agents. That means they get most (or all) of their income when they sell (or help buy) a home. Generally speaking, when a person sells a home with the help of a real estate agent, the seller pays a commission of 3%-5% on the sale price […]
Successful real estate investors understand that hiring a good property manager is more like an asset instead of an expense. The good property manager helps to keep rental property occupied year after year, increase return on your investment, and free up your valuable time so you can focus on growing your real estate business. DO […]
To become a U.S. citizen by investment, you may apply online or use the paper application. The steps are as follows: File the N-400, Application for Naturalization: Once you are certain that you have met the above eligibility criteria, the next thing is to file an N-400 with the USCIS. Make sure that you fill […]
A Power of Attorney (POA) is a legal document executed by a Principal (buyer or seller) that designates an agent, referred to in this document as the Attorney in fact, to sign on their behalf. It is suggest that you use a statutory POA form when such a power is need. Luvanex can prepare a […]
As much as we in the real estate industry like to believe that each real estate transaction is everyone’s top priority at all times throughout an entire transaction, the reality is that life does not stop just because you have signed a contract and will soon be closing on a home. What this means at […]