Top 5 Tips When Buying A Condo

Take a look at the association budget – are there adequate reserves being set aside for future major repairs and maintenance? If the association isn’t saving up for future repairs, then what typically happens is that owners are socked with “special assessments” which can range from a few thousand dollars to literally $60,000 or $100,000. …

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Gift as down payment: What you need to know

Gifts from relatives and domestic partners are an acceptable source for both down payment and closing costs when financing a primary residence or vacation home. Gifts cannot be used when financing a rental property.

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Why a 4.0% increase in Wisconsin home values may not apply to YOUR home

Home Prices up 4% in Wisconsin The Federal Housing Finance Agency’s latest Home Price Index for the second quarter of 2015 (Q2 2015) shows home values are up 4.0% on average on Wisconsin residential properties. But that varies from a low of 1.8% in the Superior/Duluth Metropolitan Statistical Area (MSA) to a higher of 5.9% …

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Will your down payment be a gift?

Gifts from relatives and domestic partners are an acceptable source for both down payment and closing costs when financing a primary residence or vacation home. Gifts cannot be used when financing a rental property.

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