by lizlaurenb | Nov 21, 2023 | Mortgage
A short sale is a real estate transaction in which a homeowner sells their property for less than the outstanding mortgage balance. While this option can provide relief to homeowners facing financial hardships, it also comes with consequences that may affect their...
by lizlaurenb | Nov 10, 2023 | Mortgage
Going from renting to owning a home can be a significant financial and personal milestone, but it requires careful planning and preparation. Here are some steps to take to make the transition from renting to owning: Determine your budget: Calculate your current...
by lizlaurenb | Nov 9, 2023 | Mortgage, Spanish
Al comprar o vender una propiedad, un paso crucial en el proceso es obtener una tasación para determinar su valor. Las tasaciones proporcionan una evaluación objetiva del valor de una propiedad, lo que influye en decisiones importantes como la aprobación de hipotecas,...
by lizlaurenb | Nov 9, 2023 | Mortgage
Securing a mortgage to purchase your dream home is a significant financial decision. One of the essential aspects of this process is locking in a favorable mortgage rate. A mortgage rate lock ensures that the interest rate on your loan remains the same for a specified...
by lizlaurenb | Oct 24, 2023 | Mortgage
When a borrower applies for a mortgage loan, the lender typically requires proof of insurance coverage before they approve the loan. An insurance binder is a document issued by the insurance company that provides temporary proof of insurance coverage until the...
by lizlaurenb | Oct 20, 2023 | Mortgage
As retirement approaches, many individuals find themselves faced with financial challenges and uncertainties. One option that is often overlooked but can be incredibly beneficial is the reverse mortgage. A reverse mortgage is a financial tool that allows homeowners...
