Your preapproval letter says, in effect, you are eligible to borrow up to a certain amount. That makes it more useful when you’re looking to make an offer on a home: It shows sellers that you can afford the purchase. Basically, a preapproval better indicates your ability to get a ...
What is the first step in selling the house during a divorce? Before you can take part in selling your home as part of a divorce in California, you’ve got to make sure that you own the house in the first place. Sounds simple. But that isn’t always the case. California courts oper...
vying for your business via online ads, yard signs and even billboards. And with so many professionals to choose from, finding the right one can feel overwhelming. Follow these eight steps to learn how to find a good real estate agent, so that you hire the perfect pro for your purchase...
6 Ways We Can Help You Buy Your First Home, Just A Little Easier We cover everything you need to buy your first home. If you don't see something that you need,just click here to Ask David. Buy A Home We guide you through everything it takes to purchase your first home so you ca...
An auction of property for any type also happens to have its own disadvantages, too. For one, each state has very specific rules about how property is purchased in these auctions. You will also need at least a portion of the purchase price when you win the auction and may have as little...
loans with down payments less than 20 percent of the purchase price. It costs homeowners between 0.58 percent and 1.86 percent of the loan amount each month, according to 2023 data from theUrban Institute. However, you can request to have it removed once you have 20 percent equity in your ...
traditional purchase and sales. However, these deeds do have their purposes.Quitclaim deedsare most often used for real estate transfers among family members, in divorces, or between related businesses and entities. They are also used in New Jersey to correct errors in deeds or to resolve title...
By entering your purchase price, down payment, and loan term into the calculator, you can estimate monthly payments and see the income requirements for different home prices. Check your home buying options. Start here (Mar 1st, 2025) How to improve your income to qualify for a mortgage If...
A lender must go through a court proceeding to finalize a foreclosure and eviction notice. Some lenders will let you make back payments to get out of pre-forclosure. How Pre-Foreclosure Works When a home buyer takes out a loan to purchase a property, they sign a contract with the lending...
Consensual: This type of lien occurs when the debtor consents to the lien, such as in a loan or an advancement of a line of credit. Consensual liens can be further broken down into purchase money security interest lien, in which a creditor lends money to the debtor to buy the property ...