Last week, you learned that a deed is a document that transfers ownership of a property. Both the seller and the buyer will need to sign the deed, and it will be notarized and filed with the county where the property is located. There are
To transfer ownership of the property you’re buying, you and the seller will both need to sign a document called a deed. The deed must be notarized and filed with the county in which the property is located. A deed is a legal document that
Before you can close on your home, your lender will want to see proof that you’ve purchased homeowners insurance for your new home. There’s a lot of confusion out there about what home insurance covers – and what it doesn’t. In short, houselogic says, home
Just about all homebuyers have to pay closing costs, which are due on settlement day. How much will you pay? It depends on your specific transaction, but you will find out when your lender provides you with a closing disclosure a few days before your
When you decided to place an offer on your dream house, you were probably thinking about the cozy fireplace, the spacious yard, or the updated kitchen. But that’s not all you’re buying, Alabama home inspector Bill Loden told Time magazine. “You’re also buying any problems
You’re buying a new home for a certain purchase price, but that’s not what you’ll actually pay for your home. You’ll need to add closing costs on top of your purchase price; these are fees, taxes, and other costs that you will pay on settlement
Going through a bankruptcy can do serious damage to your credit and, in turn, your ability to get a mortgage. It’s not impossible to get a mortgage after bankruptcy, but experts say you’ll fare better if you wait a bit before applying. How long? For
There are so many different kinds of mortgages out there! If you’re a veteran or active duty military, one of the loans available to you is the VA Loan. What is it? VA Loans are available to veterans, active duty military and reservists, and some
Being self-employed comes with a lot of benefits: Being at home, flexible hours, maybe even working in your PJs. But when it is time to apply for a mortgage, you might wonder whether you can get a mortgage and be your own boss. The good
When you apply for a mortgage, the lender is going to do a thorough review of your finances. You’ll need to provide proof and documentation of your income, debts, and assets. Here’s a list of just some of the data you’ll need to give the
