Summary · Selling a house with a mortgage is easy to do, provided there's enough equity to cover the loan at closing.· Negative equity situations may require lender approval for a short sale or personal funds to cover the shortfall.· Key steps include obtaining a...
Despite higher interest rates, the current real estate market has a surplus of buyers, and even more are sitting on the fence waiting for interest rates to drop into the 5% range. To secure victory in this competitive real estate market, prospective buyers need a...
Building equity through homeownership is the primary way most people build wealth to achieve financial stability and security. Each monthly mortgage payment that pays down the principal of your home loan adds equity. The more equity you have in your home provides a...
Do you dream of building your dream home or just want to be the first person to live in your home? Maybe you're finding it challenging to locate an affordable contemporary home that checks off all your boxes? If you've answered "Yes" to any of these scenarios, you...
In many parts of the country, winter can be a challenging season to sell your home. However, with fewer homes on the market, you can be successful with the right strategies. Let these tips guide you on how to appeal to buyers over winter so you can quickly finalize...
While spring and summer have proven to be peak seasons for real estate, the winter season also has advantages for homeowners who need to sell. While you should probably tone down your holiday decorations while your home is on the market, if you follow these tips,...
Most people buy a home to provide a safe, secure and comfortable place to live and make memories. If you're balancing home life with work and raising a family in one place, you may have outgrown common living spaces. If you love your home and neighborhood, now...
Homestead exemption can protect a portion of your property's equity from certain creditors if you file for bankruptcy. In many U.S. states, it can also help you save on your property taxes. While some states provide both the property tax deduction and equity...
Finding areas to save money in an already over-committed budget to put towards a down payment and closing costs is one of the biggest challenges for many first-time home buyers. Start implementing these energy-saving tips to see savings on your utility bills....
A Home Equity Line of Credit is a loan that establishes a line of credit (amount you can borrow) based on the equity in your home. You borrow the amount you choose for the purposes you choose when you choose to, with no impact on your current first mortgage. Many...