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 ...
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...
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...
Your home equity, which is the difference between what your home is worth and what you owe on your mortgage. Your HELOC will never be more than this amount. Your LTV, which is a ratio that compares your mortgage balance to your home’s value. This gives lenders an idea of how much mo...