Home ownership is one of this American Dream’s badges. Owning your own house provides you a fiscal reservoir for future needs and investment. It gives you a sense of accomplishment. It provides you with a place to settle into and build a life around. Home ownership appeals to many people, but it is also very […]

Throughout home sales and refinance transactions, the dilemma of paying debt via escrow often comes up. A frequent reason is property proprietor debts, e.g., taxation, contractor liens, utilities and association dues. These are exemptions from the property. Before closing the trade, the property has to be rid of all judgments and liens. Another main reason […]

Finding out the sales cost of a house in your area can be achieved with a call for your county tax assessor. Real estate sales information is public record, available for free to anyone who wants it. Your county tax assessor maintains a database of sales information and property values which it uses to compute […]

Obtaining preapproval rather than simply being prequalified is important when looking for a house. A preapproval will be accepted by sellers more frequently than a prequalification. A preapproval is when the loan is credit approved before a property is found. The mortgage lender actually looks at the loan and gives a conditional approval based on […]

Trading potential equity to get a smaller payment now is not always a wise idea. Negative credit loans require minimal payments which are less than the true amount of interest owed, causing the loan balance to grow with every payment, not diminish. These loans were popular in the mid-2000s when dwelling values were climbing consistently […]

Most insurance protects you against problems that may happen in the long run; title insurance protects you against problems from yesteryear. Buyers take insurance out to protect them in case the seller doesn’t have a valid title to the property due to fraud or due to legal problems that go back to long before the […]

With mortgage interest rates at their lowest point since Richard Nixon was president, many homeowners are contemplating refinancing to take advantage of the rates. For some homeowners it's perfect decision and will enhance their fiscal outlook, however for many others it doesn't make sense and it can be wise for them to stick with their […]

Earning monthly payments for many years at a time eventually reduces the principal amount owed on the mortgage and builds equity, the distinction between the appraised value of your house and the amount of money you still owe on the principal. In case you have a fixed-rate mortgage, then the total amount of each monthly […]