What Exactly is a Mortgage Transfer?

With the typical sale of a property, the new owners usually apply for a mortgage to finance the purchase. When the sale is finalized, the new owners begin paying their new mortgage with the set of terms and interest rate that were agreed upon with their lender. But in some circumstances, a mortgage may be transferred from the sellers to the new owners.
April 23, 2018/by admin

What Types of Liens Can Cloud the Title on My Property?

Real estate transactions aren't always free of unpleasant surprises. Sometimes a home inspection will uncover an unknown issue or the buyer won't be able to secure financing despite being pre-approved. But there's another potentially unexpected issue that can arise after an offer has been accepted: property liens.
April 19, 2018/by admin

Why Should Buyers Sign a Buyer’s Representation Agreement?

Buying a home is a big deal, and buyers are highly advised to have representation when they search for a home and negotiate a deal. Having a real estate agent represent you when making this massive purchase is certainly beneficial for many reasons, but the details of this professional relationship should ideally be outlined in a contract, known as a Buyer's Representation Agreement.
April 16, 2018/by admin

INFOGRAPHIC: First-Time Homebuyer Stats

What do today's first-time homebuyers look like? The following stats will help paint that picture, as compiled by the National Association of Realtors (NAR).
April 12, 2018/by admin

Pros and Cons of Buying in a Gated Community

A gated community is basically a neighborhood of homes that can only be accessed by residents and their invited guests. Before you decide whether or not a gated community is right for you, consider the following pros and cons first.
April 9, 2018/by admin

How to Handle the Final Walk-Through Inspection Before You Close

The final walk-through of a home is your last chance to make sure all is as it should be before you close on the deal. Here are some tips for conducting the final walk-through of the home you've agreed to purchase.
April 5, 2018/by admin

Is it Possible to Buy a Home With Bad Credit?

Getting approved for a mortgage can be pretty challenging these days. Lenders are rather stringent with their lending requirements and aren't in the business of loaning out money to just anyone. Nowadays, you've got to meet strict criteria in order to get approved for a conventional mortgage, and that includes having good credit.
April 2, 2018/by admin

What Can Happen if Your Remodel Without a Permit?

If you're thinking of renovating your kitchen, expanding the living room, or adding a completely new addition to your home, you'll need to apply for a permit before any work begins.
March 29, 2018/by admin
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