Topic: Mortgage
Prequalified vs Preapproved for a Home Loan: What’s the Difference?
Preapproved and prequalified are two similar but different financial terms. In real estate, you’ll want to deal with preapproved sellers.…
Traditional Financing Vs Owner Financing
If a buyer can’t find traditional financing, some sellers may offer owner financing. But how does it compare to traditional…
What You Should Know About FHA Loan Requirements for Sellers
Selling a home to an FHA buyer can be trickier than selling to someone with a non government-backed mortgage. Read…
Common Types of Real Estate Ownership: Do You Know What You Own?
Real estate ownership types can drastically change how you sell your house, or what happens when someone dies. Learn about…
What’s a Home Appraisal in Real Estate — and Can I Skip It?
Most mortgage lenders require a home appraisal — so buyers should be prepared. Learn the process and why it matters!
How Long Is a Preapproval Good For? Read This Before Applying for a Mortgage!
A mortgage preapproval letter tells sellers you’re a qualified buyer. Learn how long mortgage preapproval lasts and what to do…
Is Homeowners Insurance Included in Your Mortgage? No, But Here’s How to Simplify Paying
Is homeowners insurance included in your mortgage? Not usually, but you may be able to combine them.
Selling a Home? Here Are 14 Mortgage Finance Terms You Should Know
Selling a home and confused about home buyer financing? Read this guide to essential mortgage finance terms before you make…
Read This BEFORE Waiving Your Appraisal Contingency
If a home appraisal is lower than the sale price, buyers can back out of the deal. Learn how to…
Understanding Pre-Closing Lender Delays (& What You Can Do)
Most sellers feel at ease once inspections and appraisals are done and they’re deep into escrow. But things can still…