Key TakeawaysReal estate tax (also called real property tax) is levied on land and structures by local governments; personal property…
Key TakeawaysThe first steps to buying a house: check your credit, determine your budget (including down payment, closing costs, and…
Key TakeawaysThe FHA 90-day flip rule blocks FHA loans on properties that the seller has owned for less than 90…
Key TakeawaysMortgage insurance protects the lender, not the borrower, against default when a buyer puts less than 20% down.Conventional loans…
Key TakeawaysFSBO (For Sale By Owner) sellers save the listing agent commission but take on marketing, negotiation, contract management, and…
Key TakeawaysA warranty deed guarantees the seller owns the property and has the legal right to sell it — the…
Key TakeawaysApplying for a mortgage triggers a hard credit inquiry that typically reduces your score by 5–10 points temporarily —…
Key TakeawaysA reverse mortgage (HECM) lets homeowners 62+ borrow against their home equity with no monthly payments; the loan is…
Key TakeawaysReal property includes land and everything permanently attached to it — structures, crops, mineral rights, water rights, and air…
Key TakeawaysA mortgage broker is an intermediary who matches borrowers with lenders — they do not lend their own money…