Sometimes in life we may face situations where it is best to cut your losses and run. If the loss is your home, it is likely that the decision to do this is understandably made almost too late. If you are in the unenviable position of having to sell up and … Read The Full Post
Tips To Consider Before Getting Reverse Mortgages. Reverse mortgages are becoming one of the most popular options for many people who need money as a supplement for their current income. You right hear so many success stories and good things about this type of mortgage, but don’t leap just yet. Though … Read The Full Post
Who buys home for the first time will face many difficulties not only having to understand the process of buying a home but also having to know which type of loan suits them the most. Advice from well meaning loved ones can be helpful, but buying a home is a major … Read The Full Post
Once you reach an agreement on the purchase of a home, things start moving quickly. In the chaos, it is important to remember to budget for closing costs.
Budget for Closing Costs – Loan Origination Fees and PMI.
Closing costs are fees associated with miscellaneous events associated with a home purchase, … Read The Full Post
Changes in the threshold for stamp duty failed to stop the inroads made by the tax, a new study by a leading mortgage lender reveals.
Portman Building Society shows that in the following months after the rise in the exemption threshold from April 2005, British homeowners paid almost £60 million more … Read The Full Post
If you are facing a foreclosure, there may be options to negotiate a workout program with your lender. To get help with a foreclosure you have to start by talking to your lender. Help is available if you are willing to workout a reasonable repayment plan with your lender, while this … Read The Full Post
Selling a home can quickly become frustrating when buyers claim financial delays. Here is how to eliminate these excuses up front.
Weeding Out Buyers with Financial Excuses.
If you have ever put your house on the market, you know the frustration potential buyers can cause you. It is fairly shocking how … Read The Full Post
Buying Pre Foreclosures. Pre foreclosures are known as properties that have reached the final stages before they get repossessed or taken back by the lender or bank. The owner is still in complete control of the property or home, although the bank or lender will repossess the home if the owner … Read The Full Post
So what is the actual process that occurs when your home sells?. The act itself is known as Conveyance. This is the legal and binding transfer of property from one individual to another. The process of transfer involves a number of contracts and additional parties such as attorneys. The end goal … Read The Full Post
Buying a home is euphoric and scary. On one hand, you are moving into a property you own. On the other, you are committing to the repayment of a lot of money.
How to Avoid Buyer’s Remorse.
Buying a property can throw your emotions all over the place. First, you are … Read The Full Post