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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

He agrees that new real estate investors need to think of rental property as a long-term investment and that they must educate themselves about legal issues they’ll likely face as a real estate lessor, particularly if you’re interested in multifamily properties. Speak with a Pennymac Loan Officer to explore your financial options.

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10 Simple Steps to Purchase a Home in 2020

PennyMac

Your FICO score will impact which types of loans you qualify for, so getting your credit into great shape is an investment that can offer great returns. By law, you’re entitled to one free credit check per year , per reporting agency, so obtaining your current score should be the first step in the home buying process.

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What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. The owner’s title insurance is optional but highly recommended by most legal experts. Courier Fee.