Browse through current real estate listings, and you’ll come across some homes marked as “short sales.” Don’t be put off by this description, but be prepared for the difference between a short sale and a normal home sale. A short sale occurs when a home
Once closing has been scheduled, this is likely to be your next question: How much money do I need to bring? It’s a natural question. After all, buying a home is probably the largest purchase you’ll ever make! There’s no one-size-fits-all answer to this question;
A lot needs to happen before you officially buy a house. Some tasks and services will be required, while others will be optional. One of those optional services is a home inspection. It’s not required, but we strongly recommend that you have your home looked
The longer you own your home, the greater your equity in the home becomes. But what does the term “equity” mean? Think of equity as the difference between the fair market value of your home and the amount you have left to pay on the
In real estate, a deed is a document that transfers ownership. This written document contains the names of the old and new owners and a legal description of the property, and it includes a reference to the previous deed to establish the chain of ownership.
When you’re asking to borrow a large amount of money, the lender isn’t going to just give you the loan. Lenders want large loans – for homes or cars, for example – to be secured by some kind of collateral. This is property that will
If you’ve never applied for a mortgage before, you might be surprised at the number of options you have. One choice you’ll have to make? How your interest rate will be determined. There are two common options: A fixed-rate mortgage or an adjustable-rate mortgage (also