Home Equity Loan Not Just For Home Repairs, And Tax Deductible, Too!
Thanks to the combination of low interest rates and skyrocketing property values, home equity loans are more popular than ever. The value of home equity loans taken out by Americans has doubled in the last two years, and the market for them shows no signs of slowing down. Obtaining a home equity ... more...

How to Complete a Mortgage Application
Once you have decided to purchase your dream home and have selected a mortgage lender, it is now time to fill a mortgage application. Most people would wonder how to complete a mortgage application. It is not that difficult, once you have all the information at hand. There is a Uniform Residential ... more...

Selling by Owner Escrow or Closing Checklist
Home sellers should keep on top of their pending sale; especially when selling without the assistance of a real estate agent. Sometimes busy real estate agents forget to monitor all aspects of a pending sale.Heres a checklist for home sellers:Selling Escrow ChecklistProperty Address:Date escrow ... more...

Real Estate Terms From Appraisals to Comps
When youre selling your home or other real property on your own, you dont have to know everything about the process. It does help to have a practical knowledge of the terms that come up during the process.Keep in mind, these arent intended as be all, end all, penultimate definitions. Theyre ... more...

Home Buyer 10 Extra Costs Above the Sales Price
1)Mortgage Application, Brokers Fees, and Points These costs can amount to thousands of dollars some like the application fee are poc (paid outside of closing) $200 to $500 depending on the lender. Broker fees a percentage of the loan are sometimes waived or rolled into the mortgage. Points .5% to ... more...

New or Old House?
A lot of buyers think that a new house is the way to go but it's important to have some knowledge of quality and of the builder. New paint, carpet, doors, windows and cabinets are a quick and easy sell. But are the cabinets even level. I have seen cabinets in a $300,000 house that the dishes would ... more...

Real Estate Terms From Pre-Approval Letter to Townhouse
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with Pre-Approval Letter.1) Pre-Approval Lender Letter a writing from a lender stating that a potential buyer has ... more...

A Home Equity Credit Line
1 way to borrow against the value of your home is a home stock line of credit, which is a form of revolving credit where your home serves as collateral. With a home stock line, you will be approved for a specific amount of credit -- your credit limit -- meaning the maximum amount you are able to ... more...

Real Estate Value: Knowing yours is Key to Mortgage Success
The value of the real estate you own, whether it is your personal residence or an investment property, is critical to your mortgage and financial success. If the balance on your mortgage is close to or higher than the value of your property, your real estate is not the financial machine it should ... more...