Latest Questions


Recent Questions / Latest mortgage and renting questions

What is transfer value?

Transfer value refers to a property’s purchase price the last time it was sold. It’s a term often used in foreclosed properties or those in pre-foreclosure. For foreclosed properties owned ...
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Buying a short sale home

Purchasing a short sale home isn’t the same as buying a foreclosed property, since the owner is actually selling the home to avoid foreclosure. It takes longer than a conventional ...
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What to do if my mortgage application was denied?

While a denial of your mortgage application is disappointing, it’s not the end of the world. Find out why the application was denied and fix those issues. The lender must ...
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What do real estate agents do?

Real estate agents, in short, are licensed sales professionals in the real estate industry, who are in many cases, independent contractors. To sell real estate, your agent must wear many ...
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How long does it take to close on a house?

It depends on your situation. Your purchase contract should specify a closing date. Typically, the time from signing the purchase contract to the actual closing date ranges from one to ...
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What is the Home Mortgage Disclosure Act?

The federal Home Mortgage Disclosure Act (HMDA) requires mortgage lenders to report information regarding their mortgage activity. Report data to the HMDA Any financial institution that originated a minimum of ...
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Buying a home after bankruptcy

The desired result from a bankruptcy proceeding is to have all or at least some of your personal debt forgiven which is formally known as discharged. Chapter 7 allows discharge ...
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How do real estate agents get paid?

Real estate agents get paid by commission when they close a home for a buyer or seller. The percentage range from 1% to 4% of the transaction. Some agents may ...
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What is a real estate broker?

Real estate brokers are real estate agents that have decided to prove to their state of licensing that they have the educational "chops" to self-manage (as opposed to reporting to ...
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