Flagler County Real Estate Blog
 

Pre-approval is a letter from a lender indicating that you qualify for a mortgage of a specific amount. It's based on an evaluation of your creditworthiness and financial situation. A pre-approval is not a guarantee that you will get the loan, but it does show sellers that you are serious and capabl

An HOA fee is a regular payment made by homeowners to a homeowners association (HOA) to cover the cost of maintaining and improving shared amenities and spaces within a condominium, townhome, or single-family home community. These fees can cover things like landscaping, maintenance of common areas,

A home inspection is an examination of the condition of a real estate property. This usually takes place in connection with the property's sale. A qualified home inspector assesses the condition of a property, including its heating and cooling systems, plumbing, electrical work, water, and sewage, a

An adjustable-rate mortgage is a type of mortgage loan where the interest rate on the note periodically adjusts based on an index, which reflects the cost to the lender of borrowing on the credit markets. The loan may be offered at the lender's standard variable rate/base rate.