As a loan officer, you will get clients who are looking into buying a home, be it their first or second, and find that financing isn’t available to them. Therefore, it’s up to you to help them find viable alternatives. For a potential home buyer, a wrap around loan offers a way to get into […]
A transfer on death account (TOD) is an investment account that is designed to make the transfer of an account to a designated beneficiary easier. Transfer on death accounts helps those who want to avoid going through probate. What is Probate? Probate is a legal process that takes place after a person passes away. It […]
When you apply for a mortgage, one of the first documents your loan officer will ask for is your bank statements. The main purpose of checking and reviewing all these document is make sure that you actually have the funds and means to pay your house payment without defaulting.
Community property is property jointly owned by a husband and wife. This typically includes all money earned, debts incurred and property procured during the marriage. There are eight community property states:
Your spouse has a lien or bank levy against them for an unpaid debt and creditors are insisting that you are also responsible for their debt. Are they right? When determining if you are responsible for the debt of your spouse, ask yourself these questions:
When you are a loan officer, you may have clients with money market accounts. It’s important to understand what a money market account is and how it works. That way, you can educate clients about the best investing options for them. What is a Money Market? A money market is a type of savings account […]
Is your mortgage company veteran friendly? Veterans have unique needs and requirements than civilians, so your mortgage company needs to be able accommodate them respectfully and efficiently. Here’s why you company should be veteran friendly: Veterans Have Different Needs Unlike civilian home buyers, veterans tend to have different and more unique needs. For example, the […]
A new home is one of the biggest purchases you can make. So to buy the home you want, it’s a good idea to start saving up early so you can cover the costs of buying a home. To start saving up, opening a savings accounts is a great first step for future homeowners. When […]
When you enter a real estate contract on the property you are considering buying, the sale is subject to a due diligence period where, the buyer has the opportunity to terminate the contract if they decide the home isn’t for them.
Purchasing a home is a huge investment and it’s important that your ROI (return on investment) will measure your investment’s profitability when it comes time to sell your home. However, many people expect their return on investment to be larger than what it actually ends up being. A variety of factors can explain why your […]