Pauline Dent

There are many things to consider when choosing the loan right for you. Having active military status opens up the possibility to compare a VA loan to a Conventional or FHA type loan to name a few. I would suggest you consider a comparison of interest rate, cash to close, to your monthly payment and consider how long it will take to get a loan closed when looking to lock in with the lender and program right for you. Happy to help if you would like a 30 year veteran agent!

An easement grants someone else the right to use a part of the property located within the boundary lines of your land. You own it but you are granting access. Easements are for many reasons and sometimes are needed or requested long after you purchased your property because something needs to happen for the greater good of others.

Contingent means someone wants to do something before an offer becomes firm.

Jenny this can vary tremendously dependent on what the lender or loan officer did to provide this status of pre-approval. Basically, nothing is solid until you get an underwriters approval...so use pre-approval as a basis to begin your search for a home but do not think this locks you in to any amount for any period of time at any price.

Real estate serves the needs of others...some "need" to sell quick, without repairs or costs and will take a quick sale for less money and save themselves the time and repair costs that may be needed in order to make a better margin. I advise to consider time over money and make the best decision for yourself. Sometimes...its better to take the cash for a quick sale..othertimes, the cost of repair is relatively lower than first thought and time is less than a month..so invest in the repair..make the greater profit on a fix up. No wrong answer..choose what you wish.

Keep it! This is what we call mailbox money! Its an investment that should bring you financial freedom over time. The only consideration of selling would be if its a money pit that will just cost you a ton to keep up with it and negative offset for rental income.

Another real estate term with several meanings. Escrow is what some call the period of time you are in waiting to go from contract to keys in hand and owning the home. For others..escrow is to deposit sums of money into an account to be used for the purpose of buying a property. And then there are escrow deposits made to your lender account for the purposes of paying taxes, insurance etc. Regardless of the meanings, you need escrow...and your local real estate expert will help you understand the term and when to do what and how.

Pending is usually the time between when a contract offer is accepted and the date you get keys to the property..it is pending settlement or closing.

I always say..it takes a village...the owner needs to give the agent a great property to market and show, the agent needs to bring the marketing, advertising and skill set...together they both expose it to social media sites to get as many folks as possible seeing it. Exposure is huge!

Do your home work. Not all land is buildable. I believe buying land is a huge value when you go about 30 miles out from where everything is happening...find land...buy it...hold it...and wait for development to catch up to it in about 10 years or so...then sell it for a mint! BUT...if you buy bad..its just not gonna go well. Go to your local zoning commission at your government office and ask what their plan is for the future...they will tell you where commerce is heading and go there.

In most cases, you cannot easily get a loan for a downpayment unless you ask the lender ahead of time and the lender approves it based on the type of loan you are seeking. A loan means it needs to be paid back, your parents may need to "gift" you the funds vs "loan" you the funds. Ask your lender, they will tell you. Then its up to your parental relationship how this works.