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Assessed Value: What Home Buyers Need to Know
It is a common practice for buyers and sellers to equate the assessed value of a home to its likely market value, but these two numbers are very different from each other. Assessed values have to do with tax collection while market values reflect a selling price to which a buyer and a seller have agreed. There is, however, a way to use assessed values to your strategic benefit. Madison Broker Jon Nelson discusses how.
FHA Financing for Madison Area Homes
FHA financing may be key for Madison, WI home buyers with less than 20% to put down. There are many advantages to FHA financing like a down payment as low as 3.5%. There are some limitations but most can be worked with fairly easily. Here’s a selection of some homes that may well be within reach with FHA financing in Madison. Check it out…
Getting a Mortgage to Finance your Home
If you are planning to finance your Madison home or any home for that matter and you want to know a little more (or a whole lot more) about what to expect, then this primer may help you out. Find out the difference between a Pre-Qual letter and a Pre-Approval letter and how both are quite different than a Commitment Letter…the thing that can remove your financing contingency. Understanding what these things are and what they mean to you, your bank or credit union and your seller is a good first step. Questions? Read on…