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 […]
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 […]
Does property investment makes sense to you? Smart investors have made property the cornerstone of their wealth growth strategy for years. However, timing is important, and you are naturally hesitant to buy in US real estate right now. At this point in the cycle, foreign markets are substantially less risky. The US real estate market, […]
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 […]