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What are REO Homes?
If you’re looking at homes to buy, you might hear the word REO. You might also wonder what REO occupied means. This article will explain these terms in an easy way and why they matter if you want to buy a house. Get A Free Mortgage Quote What is REO? REO means Real Estate Owned. It is a term for a house that a bank owns because the previous owner didn’t pay their loan. Here’s what happens: * Someone borrows money from a bank to buy a house. * If they stop paying the loan, the bank
Who Qualifies for VA Loan?
In the USA, the Department of Veterans Affairs (VA) provides a special kind of housing funding called a VA loan. It was designed to assist veterans, active-duty service members, and authorized surviving spouses in purchasing a home without having a large down payment or flawless credit. Get A Free Mortgage Quote However, who is eligible for this benefit? What are the first steps you need to take? Everything is broken down in simple, clear language in this guide so you can figure out your
Tax Implications of Selling a House in a Trust Complete Guide
Can I Sell My House if It Is in a Revocable Trust? Yes, you can. If your home is in a revocable trust, you are still in control of it. This means you can sell it whenever you want, just like a regular homeowner. A revocable trust is a legal way to manage your assets, but it doesn't take away your rights to sell your home. Get A Free Mortgage Quote The main difference is that the home's title (the legal paperwork showing ownership) is in the name of the trust, not your personal name. So, wh
What Does HOA Cover for a Townhouse?
Quiet Title What It Is and How the Process Works
What Is a Mortgage Maturity Date and Why It Matters?
Special Warranty Deed What It Is and How It Works
Relocation Company Real Estate How It Works
Moving to a new state or city is an important experience. Selling your old house and finding a new one are only two of the many tasks you have to handle, whether you're leaving for another job, a better lifestyle, or family reasons. Moving companies can help with that. These companies assist relocation through assisting with something from arranging moving trucks to identifying real estate brokers. Get A Free Mortgage Quote In this article, we'll discuss what relocation company real estate
Rambler House What It Is and Why It's Popular
When looking at different house types, you may encounter the phrases rambler and ranch. They have a similar tone, and they often do. Are they identical, though? And why are these houses so popular? The meaning of a rambler house, its popularity, and the differences between ranch vs rambler houses will all be covered in this article. Get A Free Mortgage Quote What is a Rambler House? A rambler house is a long, low, one-story house. Usually, it has: * A broad, level perspective from
Mortgage Payoff Statement How to Request and Read It
If you're about to pay off your mortgage—whether you're selling your house, refinancing, or just want to be debt-free—you'll need a mortgage payment letter. It provides you with the exact sum that you must pay to pay off your debt. Get A Free Mortgage Quote This document describes a payment statement, discusses how to request one, and shows how to read one. It also offers a payoff statement example to help you understand. What Is A Mortgage Payoff Statement? The amount you must pay in
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Mortgage Myths: Debunking Common Misconceptions
Mortgage Myths: Debunking Common Misconceptions
How Much HOA Fee Is Too Much? Understanding the Costs
How Much HOA Fee Is Too Much? Understanding the Costs
How Long Is an Appraisal Good For? Key Timelines Explained
How Long Is an Appraisal Good For? Key Timelines Explained
Breaking a Lease to Buy a House: What You Need to Know
Breaking a Lease to Buy a House: What You Need to Know