Mortgage companies Boca Raton

5 Real Estate Scams to Watch Out For

The real estate market is booming these days, and with that comes a higher risk for scammers looking to take advantage of unsuspecting buyers and sellers. Here are the five most common scams to watch out for in real estate.   1. The Bait and Switch This is when a scammer advertises a property for sale at an irresistible price only to switch the property for a less desirable one once you've expressed interest. For example, a scammer may advertise a property for rent at an unbeatable price and then claim that it has already been rented when potential tenants try to view it.   In other cases, a scammer may advertise a property for sale and then pressure the buyers into paying an inflated price. If you're looking to…

The Difference Between Fixed-Rate and Adjustable Mortgages

When buying a home, choosing the right type of mortgage is important. Fixed-rate mortgages offer stability and predictability, while adjustable mortgages can save you money in the short term but may cause your monthly payments to increase. Here's a closer look at the differences.   1. Initial Interest Rates and Monthly Payments With a fixed-rate mortgage, your interest rate and monthly payment are set for the life of the loan. That means you'll know exactly how much you need to budget each month, making it easier to manage your finances. And because your interest rate won't change, you'll have peace of mind knowing that your monthly payment will stay the same even if interest rates rise in the future.   With an adjustable-rate mortgage, on the other hand, your initial…

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