Home Warranties in Real Estate
A Guide To Home Warranties If you’re buying or selling a home, you may have heard about home warranties. These handy plans can provide peace of mind by covering major…
What You Need to Know About Home Sale Contingencies
Home Sale Contingencies Navigating property ownership transfers can be complex, with possible pitfalls littered throughout the process. For this reason, it’s important to build “fail safes” into your purchase agreements…
What Is a Second Mortgage Loan in Real Estate?
Second Mortgage Loans If you’re thinking about tapping into your home’s equity for financial needs, a second mortgage might be on your radar. Second mortgages allow you to borrow against…
What Do Homeowners Need to Know About Homeowner’s Insurance?
A Homeowner’s Guide To Homeowner’s Insurance If you’re a new homeowner, you may be wondering how to navigate the space of homeowner’s insurance (HOI). With so many options for policies…
Everything You Need to Know about Good Faith Estimates for Reverse Mortgages
What To Know About A Good Faith Estimate (GFE) Reverse mortgages present an opportunity for senior homeowners to tap into the home equity they’ve built in their properties over the…
What Is a Land Lease Agreement?
Land Lease Agreements In a typical homebuying scenario, the buyer purchases both the home and the land that the home sits on. Many purchasers consider the land and the house…
Recognizing Functional Obsolescence in Real Estate
Functional Obsolescence in Real Estate Can you recognize a property with “good bones”? If so, then you’re likely familiar with the term functional obsolescence. Functional obsolescence refers to fundamental problems…
Essential Information about FHA Loans
FHA Loans FHA loans are a common way that many low- and middle-income families buy their first homes. From credit scores to mortgage insurance, the type of loan you ultimately…
Fannie Mae and Freddie Mac in Real Estate
Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac play a central role in mortgage lending in the U.S. These government-sponsored enterprises have been the foundation of the U.S.…
Fair Market Value: What Do Homeowners Need to Know and How Do You Calculate It?
What To Know About Fair Market Value If you want to grasp the true worth of your home and how it impacts your financial choices, understanding and obtaining an accurate…