A reverse mortgage could provide much-needed funds for basic living expenses, medical care, and home maintenance. None…
September 30, 2022
A deed in lieu of foreclosure is a document which transfers the property's title from the owner to the lender in e…
September 30, 2022
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Federal Housing Administration-backed loan borrowers pay mortgage insurance premium (MIP) (FHA). Prior to the Tax Cuts …
September 30, 2022
A principal residence is the primary location where a person inhabits. It is also termed to as a primary residence or m…
September 30, 2022
A conventional mortgage or conventional loan is any type of homebuyer's loan that is not provided or guaranteed by …
September 30, 2022
When purchasing a home, borrowers are required to make a monetary contribution that is referred to as the minimum down …
September 30, 2022
A mortgage broker acts as an intermediary between those offering real estate loans and those seeking to purchase prope…
September 30, 2022
Escrow is a legal concept that describes a financial arrangement in which an asset or funds are held by a third party o…
September 30, 2022
Buying a home for the first time can be difficult. After all, there are numerous steps, tasks, and requirements, and yo…
September 30, 2022
The purchase of a home is likely to be the most significant investment you'll ever make in your life. You should th…
September 30, 2022
Selling a home can be surprisingly time-consuming and emotionally trying. It may occasionally feel like an invasion of …
September 30, 2022
Bank-owned property, also known as real estate owned (REO) property, refers to properties that were not sold during a …
September 29, 2022
Intestate refers to passing away without a will . When a person dies intestate, it is the responsibility of the state&#…
September 29, 2022
A testamentary will is a conventional will , also referred to as a last will and testament. It is a legal document used…
September 29, 2022
An alternative to a will drafted by an attorney is something called a holographic will, which is a document that is ha…
September 29, 2022
Escheat refers to a government's legal right to seize estate assets or unclaimed property. It occurs most frequentl…
September 29, 2022
Estate planning is the preparation of tasks to manage a person's assets in the event of incapacity or demise. Inc…
September 29, 2022
A grant is an award, typically monetary, that is given by one entity (typically a company, foundation, or government) t…
September 29, 2022
A trust is a fiduciary relationship in which one party, the trustor, grants the trustee the right to hold title to pro…
September 29, 2022
Grantee What Is a Grantee? The person who is awarded a grant , scholarship, or any other form of financial assist…
September 29, 2022
A company that engages in the business of dealing with financial as well as monetary transactions such as deposits, loa…
September 29, 2022
One type of auction is known as an absolute auction, and in this kind of auction, the sale is given to the person who…
September 28, 2022
The likelihood that a borrower may not be able to make scheduled repayments over a given period of time, typically one …
September 28, 2022
Creditworthiness is the method by which a lender determines whether you will default on your debt obligations or wheth…
September 28, 2022
A party that makes an offer to buy an asset from a seller at a particular price is referred to as a bidder in a market…
September 28, 2022
An insurer will only pay out an aggregate limit up to a certain maximum amount to a policyholder for all losses that ar…
September 28, 2022
The price at which a market maker is willing to purchase a security is also referred to as a bid. In contrast to retail…
September 28, 2022
The administrative aspects of a loan are referred to as its "servicing," and they begin when the proceeds of …
September 28, 2022
An issuer is a legal entity that creates, registers, and sells securities in order to finance its operations. These act…
September 28, 2022
A debtor is a business or an individual person who owes money. If the debt is in the form of a loan from a financial in…
September 27, 2022
A tax return is a form or forms that are submitted to a tax authority in order to report one's income, expenses, an…
September 27, 2022
What is a HUD dwelling? While there are many misconceptions, the answer is fairly straightforward. Under a program ad…
September 26, 2022
Looking to buy a property? In addition to traditional channels such as searching real estate listings and working with…
September 26, 2022
An individual tax return is a form that an individual or married couple submits to a federal, state, or local taxing a…
September 26, 2022
A beneficiary designation that can be changed at any time does not confer any automatic rights to compensation from an …
September 25, 2022
Probate refers to the legal procedure that determines the validity and authenticity of a will . Additionally, probate r…
September 25, 2022
If you are at least 62 years old and a homeowner, a reverse mortgage allows you to convert a portion of your home equit…
September 24, 2022
A Dutch auction is a market structure in which the price of an item is determined by aggregating all bids to determine …
September 24, 2022
A beneficiary is a person (or entity) designated to receive the benefits of another's property. These benefits are …
September 24, 2022
Asset Class Definition A grouping of investments that share similar characteristics and are subject to the same laws …
September 24, 2022
What is an Interest-Only Mortgage? An interest-only mortgage is one type of mortgage where the borrower ( mortgagor )…
September 22, 2022
The term " flipping " refers to the practice of purchasing an asset with the intention of selling it for a qu…
September 21, 2022
What is General Aggregate Limit of Liability? The maximum amount of money that an insurer is obligated to pay out to …
September 21, 2022
Flippers and would-be landlords both stand to make a profit from investing in real estate owned (REO) properties, but …
September 21, 2022
How property insurance provides protection for homeowners What is Property Insurance? Property insurance refers to …
September 20, 2022
Delinquency refers to the condition of being in arrears . When an individual is delinquent, they have failed to meet th…
September 20, 2022
Earthquakes will occur, but the exact timing is unknown. We are aware that they can cause extensive damage to your home…
September 20, 2022
A financial advisor provides customers with financial advice or guidance for a fee . Investment management, tax plannin…
September 19, 2022
