Homebuyers are often warned to check for liens on a property before making an offer. What is a lien on a house? Are there different kinds of liens? Why would a lien be an issue? Here’s what you need to know to protect yourself and your home purchase.
How Long Does It Take to Buy a House?
Many questions have both short and long answers. The short version can be satisfying but may lack nuance. The long answer is more to sift through, but it tends to come with useful details. How long does it take to buy a house? That’s a question with both short and long answers.
What to Look for When Buying a Condo
If you want to be a homeowner but aren’t eager to embrace the many responsibilities that come with owning a traditional home, a condo may be the ideal solution. After all, condos offer a chance to own your own space in an in-demand locale while still keeping expenses and responsibilities down. However, condo ownership does …
What Is a Conforming Loan?
What is a conforming loan? The name offers a clue. According to Merriam-Webster, conformation can refer to (1) the structure of an object or arrangement, (2) how pieces and parts come together to form a whole, or (3) how well something matches the expected model. When you’re talking about conforming loans, the third definition is most …
How to Get a Loan for a Condo
Are you looking to buy an affordable home in an appealing area? A condo might be the perfect solution. Not only will you gain access to extra amenities and communal spaces, but also you won’t have to worry about many common maintenance chores, including yard work. If you would like to call a condo home, …
How Does a Reverse Mortgage Work?
There are plenty of jokes about what happens when you play a country song backward, but what happens when you switch directions with a home loan? How does a reverse mortgage work? Could this twist on a traditional home loan be a smart choice for you?
How to Get a USDA Loan
It’s easy to see why people get the wrong idea about USDA loans. After all, it’s only natural to associate the U.S. Department of Agriculture (USDA) with farms, farmland, and rural living. When you hear that the organization offers home loans to support rural development, it makes sense to assume that those loans are only …
What Is a Radon Test?
While manufacturers and wellness gurus often tout natural as the best choice, you don’t have to dig deeply into the dictionary to find evidence that even natural substances can pose a danger to your health. After all, both asbestos and arsenic are naturally occurring substances that have been linked to cancer and other maladies. Radon …
Setting Up an Escrow Account
When you buy a house, setting up an escrow account is part of the process. It’s not particularly glamorous or exciting, but it is easy and essential to protecting your interests. What are escrow accounts? How are they used in the real estate world?
Benefits of an FHA Loan
It’s a fairly safe bet that if the discussion turns to home loans for first-time buyers, FHA loans will be mentioned. In fact, the association is strong enough that some people mistakenly believe that the FHA’s loan program is only for novice buyers. In reality, the FHA loan program is used by a wide array …
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