The Kyle Coover Team - Iron Valley Real Estate

Buying

Understanding the Difference Between Mortgage Interest Rates and APR

When you're shopping for a mortgage, two key terms will come up repeatedly: interest rate and APR (Annual Percentage Rate). While they may seem similar, they represent different aspects of your loan, and understanding the difference can save you thousands of dollars over the life of your mortgage.What Is a Mortgage Interest Rate?The interest rate is the cost you pay each year to borrow the money, expressed...

Types of Mortgage Loans – Which Home Loan is Right for You?

Looking to buy a home? One of the most important steps in the process is choosing the right mortgage loan. With so many home loan options available, understanding the differences can help you make an informed decision. Whether you're a first-time homebuyer, upgrading, or investing, this guide covers the most common types of mortgage loans and how to qualify for each.1. Conventional LoansConventional...

Why It’s Important to Interview Your Buyer’s Agent — And What You Should Ask

Buying a home is one of the biggest financial decisions you’ll ever make, and having the right real estate agent by your side can make all the difference. While it might be tempting to work with the first agent you come across, taking the time to interview buyer’s agents is a crucial step in ensuring a smooth and successful home-buying experience.Why You Should Interview Your Buyer’s AgentNot all...

What Is a Home Appraisal? Everything Buyers and Sellers Need to Know

If you’re buying or selling a home, chances are you’ll encounter a home appraisal during the process. It’s a critical step in most real estate transactions—but many people aren’t quite sure what it involves or how it can impact the sale. Whether you’re a first-time homebuyer or preparing to list your property, here’s what you need to know.What Is a Home Appraisal?A home appraisal is a...

The Pros & Cons of Owning a Short-Term Rental Property

In recent years, short-term rentals (STRs) have become a popular way for homeowners to generate extra income. Platforms like Airbnb, Vrbo, and Booking.com have made it easier than ever for property owners to rent out their homes to vacationers, business travelers, and other guests. If you're thinking about investing in a short-term rental property, it's essential to understand both the benefits and the...

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