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 […]
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 […]
Investing in real estate is similar to shopping for a home in that it is all about location. Investing in real estate in the United States is a good method to diversify your portfolio. Foreign real estate can be a highly profitable long-term investment that generates passive income. When it comes to adding foreign properties to […]
The United States places a premium on entrepreneurial energy and ambition, and we at Luvanex Realty are well-versed in global interest in the United States. We understand how tough it was to obtain finance for real estate investment in the United State, most especially as a foreign investor. Foreign real estate investment in the United […]
One of the most difficult aspects of buying real estate in another country is raising the necessary funds to complete the transaction. Finance is difficult to organize in many parts of the world. Foreign purchasers may not be able to obtain finance in some areas. That isn’t to argue that raising funds in a foreign […]
In an earlier post on our site, we discussed certain city destinations that are ideal possibilities for investing in American real estate and earning rental income. We talked about various tourist sites that have developed their reputation and socioeconomic well-being on the backs of tourism. This article focuses on a different, but equally beneficial, strategy […]
Luvanex is committed to impacting lives and providing a quality experience for our real estate investors by providing each client a unique and outstanding level of service. As much as we enjoy working with savvy investors, we also find fulfilment in helping most of our long-term tenants switch over to homeownership. We’ve helped couples and […]