Land Contracts: What Are They?

Land Contracts: What Are They?

Land Contracts: What Are They?   Even when the real estate market is challenging like it is right now, there are many different financing options. One such option is the Land Contract. Let’s see if a Land Contract is right for you. What is a Land Contract? A Land...
Mortgage Assumptions: What Are They?

Mortgage Assumptions: What Are They?

Mortgage Assumptions: What are they? An assumption clause in a mortgage allows the owner/seller of a home to pass the responsibility for their existing mortgage to the buyer of the property. Let’s assume you have a home worth $400,000 with a 30-year FHA loan on it....
Purchase Money Mortgages: How Do They Work?

Purchase Money Mortgages: How Do They Work?

Purchase Money Mortgages: How Do They Work? When you are looking to purchase a house and get a mortgage you are agreeing to repay a borrowed amount of money to a lender in a certain amount of time. You are also subject to paying a little more than the original loan...
What Is Title Insurance and Who Needs It?

What Is Title Insurance and Who Needs It?

Who Needs Title Insurance?    When you’re in the market for a new home, you may be curious about the age of the property’s roof and windows, or you might want to know when you’ll need to replace the furnace. The last thing on your mind is likely any problems that...