When the owner of a home passes away, his/her estate is responsible for the home. If there aren’t any heirs, the chosen attorney will handle the case. Either way, the home will likely be an estate sale. In other words, the home is sold ‘as is.’ The seller, who may be someone that never stepped foot Read more
What is Considered a Primary Residence?
How you use your home will determine the loan program you can use. It will also determine your interest rate and closing fees. Usually, the best rates and terms go to those borrowers that are borrowing for a primary residence.Looking for Current Mortgage Interest Rates? Click Here.Your Read more
How to Find out who Owns a House
If you want to know who owns a house, the resources are out there, you just have to know how to use them. Most of the information you need is located at your county courthouse. You may even be able to access the information online in many counties. With as little information as the address of the Read more
What is Gift of Equity in a Home?
Sellers that sell their home to a family member may give them what is called a gift of equity. This ‘gift’ can be used as the buyer’s down payment for most loan programs. This can help certain borrowers qualify for a loan that they might not otherwise have enough of a down payment to Read more
Here’s Why Buying a Home is Still Better Than Renting
Rent or buy. Which is better?This has always been a topic of discussion among real estate experts, mortgage industry players, aspiring home buyers and renters alike.A lot of individuals agree that renting is a better idea for a number of reasons. One of those reasons is that if you rent, you Read more
