Buyer's Remorse Buyer’s remorse is the sense of regret someone has after making a purchase. This is frequently associated with... read more →
Tenants-in-common Tenants-in-common is an arrangement that is characterized by multiple people deciding to purchase one property together. This can be... read more →
Credit Counseling Credit counseling is used to help debt settlement through education, budgeting, and other tools to help reduce and... read more →
What is Bitcoin? Bitcoin, created in 2009, is a cryptocurrency that exists in a digital form. Recently, Bitcoin has become... read more →
How to Move in Bad Weather Moving is difficult, and can be even more so when your moving day falls... read more →
Withdrawn Listings A withdrawn listing means the home has been removed from the Multiple Listing Service (MLS) by the homeowners... read more →
Encroachment What is encroachment? Encroachment, also referred to as structural encroachment, happens when a property owner violates the property rights... read more →
Foreclose Property Home Buying Process When searching for a new home, it’s possible that you might come across a foreclosed... read more →
Verification of Employment When applying for a mortgage loan, a lender will have to verify your employment. The lender needs... read more →
Modified Adjusted Gross Income What is Modified Adjusted Gross Income? Modified adjusted gross income (MAGI) is used to determine whether... read more →
Basis Points What are basis points? Basis points are a common unit of measurement for interest rates. A basis point... read more →
Pests and Rodents in the Home Before you buy a home, you should always check for signs of pests and... read more →
Right of Redemption What is the right of redemption? The right of redemption is the legal right of a borrower... read more →
Replace your roof One of the most important parts of your home to be structurally sound is the roof. If... read more →
Mortgage Lenders A confusing part throughout the mortgage process is confronting the many different types of lenders that deal with... read more →
Alt-A Mortgage An alt-A mortgage lands somewhere in between a prime and subprime mortgage. Borrowers who have higher credit scores... read more →
Graduated Payment Mortgage A graduated payment mortgage (GPM) is meant for people who aren’t able to afford large monthly payments... read more →
What a home inspector can't check Before you purchase a home, a home inspection is a necessary step to make... read more →
Hazard Insurance Are hazard insurance and homeowner’s insurance the same thing? Well…not exactly. Hazard insurance protects the homeowner against any... read more →
Seller's Market A seller’s market happens when the demand for homes overcomes the supply. Typically, a market becomes a seller’s... read more →
Buyer's Market A buyer’s market happens when the housing market favors the home buyers. This occurs when home prices are... read more →
Pre-approval Letter Expiration A pre-approval letter is a conditional agreement that states how much of a home you are able... read more →
Vacant Homes When searching for homes, you may come across a few that have laid vacant for the past few... read more →
Bidding Wars A bidding war occurs when two or more buyers are interested in a home and continue to make... read more →
Loft Apartments When searching for a new place to live in, you’re probably going to come across many different types... read more →
Balloon Mortgages A balloon mortgage is a type of mortgage in which you make normal monthly payments for a set... read more →
Zoning Zoning is the regulation of the use of real estate property, restricting property to residential, industrial, and commercial uses.... read more →
Residential Mortgage-Backed Security A residential mortgage-backed security, or RMBS, is a type of mortgage-backed debt obligation. The cash flows come... read more →
What are lender credits? Not everyone has the ability to pay the closing costs. If you are in the position... read more →
Is a basement included in the overall square footage of a home? When researching new homes or you are about... read more →
Subprime vs Prime Mortgages There are two major categories for loans for borrowers, prime mortgages and subprime mortgages. Subprime mortgages... read more →
What is a chattel mortgage? A chattel mortgage is a loan agreement where movable personal property is used as security... read more →
Professional Staging and Photography With the proliferation of technology and new tools for finding properties, selling your home can be... read more →
What is an Easement? An easement is a property right that gives a holder nonpossessory interest in someone else’s land.... read more →
What is a second mortgage? A second mortgage, or junior lien, is a loan you take out using your house... read more →
Buydown Mortgages There are many different options when it comes to payment for a mortgage loan. One of those options... read more →
Proper Attic Ventilation Proper attic ventilation is important. Most experts say that a well-ventilated attic keeps homes more comfortable in... read more →
The Loan-to-Value Ratio The loan-to-value (LTV) ratio is a lending risk assessment that lenders use to examine before approving a... read more →
Alternative housing options have been gaining a lot of popularity recently. Nowadays, you can find people living in a variety... read more →
The Differences Between Conforming & Non-Conforming Loans Many people apply for loans when paying their mortgage. Two common types of... read more →
What is a reverse mortgage? A reverse mortgage is a mortgage loan for senior citizens which requires no monthly payments.... read more →
If you are looking to subsidize a large purchase or debt a high-interest loan may not be the best option.... read more →
Solar power is an easy way to not only become eco-friendlier, but to also possibly lower your energy bill. The... read more →
One offer on your dream home may not be enough. If a seller finds your offer undesirable, they may issue a... read more →
A real estate contract can be between a buyer and seller, an agent and broker, or several other parties. In... read more →