-When you ask for a copy of the board minutes, you should also request a copy of the rules and regulations of the building. many properties have pet restrictions, which you’ll want to know before make your offer.
-you can’t escape property taxes, but you can fight them.
-It’s a good idea to use a professional home inspector or structural engineer to give your home the once-over before you buy. But if you’re purchasing an older home, an inspector is a “must”, even if you.re buying in “as-is” condition. A good inspector ( and real estate agent) should point out the age of the home and remind you that you might have to replace that roof or other appliances and mechanical system within the next few years.
-EVEN IF YOUR LOAN IS SOLD, IT DOESN’T MEAN YOU HAVE TO PAY BACK THE LOAN ALL AT ONCE. WHAT THE NEW LENDER IS BUYING IS EITHER THE RIGHT TO SERVICE YOUR LOAN (TO COLLECT THE FUNDS) OR TO HOLD YOUR MORTGAGE NOTE OR BOTH. IF YOUR LOAN IS SOLD, THERE WILL A PERIOD OF 60 TO 90 DAYS WHERE RECORDS GET TRANSFERRED OR MERGED AND THERE MAY BE SOME CONFUSION. BE VIGILANT AND KEEP CALLING FOR MORE INFORMATION IF YOU’RE NOT SURE ABOUT YOU MORTGAGE BALANCE OR ACCOUNT. IT’S UP TO YOU TO MAKE SURE YOU’RE PAYING THE RIGHT LENDER.
-Be sure to ask your loan officer if your loan carries a service fe premium that is been paid to him or her. the service fee premium should be disclosed The higher the fee, the greater the chance that your loan’s interest rate is actually above the market going rate.
