A homeowner might consider getting a home equity loan if they need access to a lump sum of cash, but don’t want to sell their house. Is it time to tap your equity?If a home equity loan isn't the solution, refinancing might be. Compare mortgage refinance rates to better understand you...
as the entire purchase price of the house doesn’t have to be provided up front. But because the lender actually holds the title for as long as the mortgage is in effect, it has the right toforecloseon the home (seize it from the homeowner, and sell it on the open market) if the ...
Real estate deals aren't personal, they're business, and working with a friend might blur the lines. Robyn A. FriedmanApril 9, 2025 Miami Housing Market Forecast Driven by high demand and limited single-family inventory, Miami-Dade County remains a seller's market, though the same cannot b...
The most notable advantage of a life estate is that it simplifies the transfer of a home to the next generation. The probate process may delay the transfer if the home is included in the homeowner's will. The transfer is automatic with a life estate when a death certificate is filed. The...
Typically, the lender gives the homeowner a lump sum or monthly payment. The homeowner makes no payments against the loan until they pass away, sell the home, or move. At that point, the home is sold to cover the loan’s balance.