What Is a Subordinated Loan Agreement?
Real estate rights and interests just usually boil down to priority and timing. The subordinated loan agreement allows interest holders to change the general principles of priority by allowing a second-in-time creditor to take priority on a first-in-time lender. In […]
How Can Rent-to-Own Work When Buying a House?
When the market is saturated with homes for sale, rent-to-own becomes a popular alternative. It solves several issues for both the buyer and the seller. Rent-to-own is a contract to buy, but the final date was extended a couple of […]
Can a Mortgage Pre-approval Function?
Oftentimes, a home buyer with a pre-approved mortgage in her hands has an advantage over one who doesn’t. That’s because typical home sellers tend to look more favorably on purchase offers backed by a pre-approved mortgage. Pre-approval indicates to vendors […]
What Impact Does the Prime Rate Have on Mortgage Interest Prices?
The prime rate has little direct effect on most mortgage interest rates. Only home equity loans and lines of credit are usually tied to this”Wall Street Journal’s” printed prime rate. However, the prime rate does apply some indirect influence on […]
The Way to Work Estate Salesperson Commissions Out
When you hire a real estate agent to sell your house, one form of reimbursement to the broker is a commission, paid on a proportion of the last sale price. In this kind of arrangement, the homeowner generally does not […]
Could a Seller Refuse to Accept a FHA Mortgage?
FHA (Federal Housing Administration)-insured mortgages are often used by several prospective buyers. This is particularly so when they are buying a home for the first time. Keep in mind is that no dwelling seller is under any duty. Reasons vary, […]
Tips on Mortgage Origination
Applying for a mortgage loan for the first time can be a challenging experience. You are going to need to sign a mountain’s worth of paperwork, answer personal questions about your work experience and financing and come up with large […]
Does Buying a House Improve Your Credit Score?
Lenders examine your credit history when determining whether you qualify for a home loan. If approved, your credit history and credit score play a significant part in the interest rate your lender will provide you with. Once you close on […]
How to Recover to Traditional From FHA
FHA loans offer a excellent way to purchase a home with a low down payment. One drawback to FHA loans is that the mortgage insurance premiums required on them. Lenders who underwrite loans to Fannie Mae or Freddie Mac, the […]
How to Fill Out an Offer
When you are ready to generate an offer to buy property, present a realistic, comprehensive document to the vendor that shows you’re serious and you’ve done your homework. Include all that you want to address, even if it seems insignificant. […]