What is a Reverse Mortgage? Should You Take One?

4 years ago

A reverse mortgage is a loan that allows seniors 62 and older to generate income off of their homes. Reverse…

What is Real Property?

4 years ago

Real property is defined as the ownership of a property (also known as a parcel), including the land and everything…

What is a Mortgage Broker? And What Do They Do?

4 years ago

A mortgage broker is a person that comparison shops home loans for you so that you can save time and…

What is an Escrow Agent? How Are They Part of Real Estate?

4 years ago

An escrow agent is the person who handles all escrow services when you buy or sell a home, such as…

What is Ownership Interest in a Property?

4 years ago

Ownership interest in a property defines your rights as an owner of a property or that you have a claim…

What is a CLUE Report? And How to Order One.

4 years ago

A CLUE Report, otherwise known as a Comprehensive Loss Underwriting Exchange Report, is a document that provides a list of…

What Does Pre-Foreclosure Mean? And How to Avoid It.

4 years ago

Pre-foreclosure means that your lender has issued a notice of default (a public notice filed with a court) and that…

What is Off-Market in Real Estate?

4 years ago

Off-market in real estate means that a house is for sale but is not listed on multiple listing services (MLS). …

How Much Does it Cost to Buy a House?

4 years ago

The cost to buy a house varies depending on where you live, the demand for the type of house you…

What is Escrow Balance?

4 years ago

An escrow balance is the amount of money a lender sets aside to pay for homeowners insurance, mortgage insurance, future…