An escalation clause in real estate is a section in the contract where a potential homebuyer states that they’re willing to increase their offer if[…]
What Is an Escalation Clause in Real Estate? When To Use One
Category: Power Tips
Power Tips
What Is a Primary Residence?
A primary residence is a home that you live in a majority of the time. Understanding the official primary residence definition and how lenders and the[…]
What Is a VA Cash-Out Refinance Loan?
A VA cash-out refinance, guaranteed by the U.S. Department of Veterans Affairs, allows borrowers to tap into their home equity while refinancing a[…]
What Is an FHA Streamline Refinance?
An FHA streamline refinance gives borrowers a way to refinance their mortgage with minimal paperwork and qualifications. Because of the limited[…]
FHA Cash-Out Refinance: What It Is and How It Works
An FHA cash-out refinance can help you tap the home equity you’ve built up over the years if you have specific financial goals in mind. Since[…]
How to Get Rid of PMI on a Mortgage
Borrowers wondering how to get rid of PMI, or private mortgage insurance, may be surprised to learn there are multiple ways to cancel it. PMI is[…]
Non-QM Loans: What They Are and How They Work
After the Great Recession, the federal government created stricter underwriting rules to ensure mortgage borrowers have the ability to repay their[…]
Rental Property Loans: How to Finance Your Investment Property
Many people begin investing in real estate by taking out a rental loan to purchase a property and renting it out. If you’ve found a house that[…]
4 Eco-Friendly Home Upgrades for 2022 (and How to Pay for Them)
Making eco-friendly improvements to your home can be good for the environment – and your wallet. If you’re looking for ways to go green at home,[…]
Is It Better to Rent or Buy a Home? Tips on How to Decide
Is it better to rent or buy? This is a common question among consumers considering homeownership. To answer it, you’ll need to look at your current[…]