The average mortgage balance in America is $208,185. For most people, their mortgage is the biggest financial obligation they have from the largest purchase they will ever make. This can create anxiety and stress. Knowing what to expect from a home buying loan can help ease these feelings. 1. Are You Prequalified? Getting prequalified for [...]
About 40% of co-signers find themselves responsible for at least part of the primary borrower's debt. While this can sound alarming, this is the very reason why there are co-signers. Some borrowers are not in a financial situation to secure a loan, so a co-signer gives them access to the funding they wouldn't otherwise have [...]
Signing and closing on your dream home is a big step and one worth celebrating! However, it's also an important time to get some crucial tasks done. This guide will help you understand what to do after signing so that you can officially own and live in your dream home. Make a Home Maintenance Plan [...]
It's exciting and nerve-wracking to buy a home. It's probably the largest purchase of your life, and that means that you want it to go smoothly. Avoid these five home buying mistakes and have a better real estate purchase experience. 1. Not Knowing What You Can Afford There is more to buying a home than the [...]
At the end of 2018, 4.3% or 2.2 million homes had negative equity. This is a significant improvement from 2008 when more than half of mortgaged homes experienced negative equity. So, what is negative equity, and how does it affect your mortgage? This is just one of many situations that you can face when you [...]
You may think you have found your dream home, but the biggest mistake you can make is rushing the purchase process. A home is one of the biggest purchases you will make in your life. You need to do your due diligence and research before you commit to the contract. This is why real estate [...]
About 200,000 people pass away in Florida each year. For each one of these people, there is an estate that must be handled. There are three methods for handling a deceased's estate in Florida, formal, summery, and disposition without administration. Not every estate goes through probate. However, knowing the probate process can help you understand [...]
One out of every 700 deaths results in paying federal estate taxes. While this is a small fraction of the US population, it isn't the only source of end-of-life expenses. If you want to know how to avoid high pay-outs, learn about these five common mistakes. 1. Taking the DIY Approach With so many resources [...]
You aren't alone in getting your estate planning documents in order. Individuals making between $40k-$80k who have a will increase from 33% in 2020 to 39% in 2021. That's an increase of 18% in just one year. One of people's biggest struggles is what to include in a will? Once you've figured out whom you are [...]
Real estate lawyers and their services account for about 10% of the US legal industry. They serve everyone from private individuals buying a family home to corporate investors looking to expand their territory and market share. While many real estate transactions could be considered routine, a few situations require special attention. If you find yourself [...]
