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
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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[…]
8 Ways to Win Housing Bidding Wars
Homebuyers in today’s real estate market are likely to face bidding wars. With more buyers out there than homes, most property listings receive[…]
Buying a House With Cash: How the Process Works
Buying a house with cash is out of reach for many homebuyers. But if you recently sold a home, inherited money, or made some successful investments,[…]
What Is a Cash-Out Refinance and How Does it Work?
If you have enough equity in your house, you can use a cash-out refinance to make a large withdrawal. With a cash-out refinance, you replace your[…]
Do I Need a Cosigner for a Mortgage?
Getting a cosigner for a mortgage may strengthen your loan application and allow you to buy a home if you have bad credit, a short credit history, or[…]