If you inherit a property in which there is a mortgage, under the federal law called the Garn-St. Germain Act, you are entitled to take over payments on the existing mortgage. This act prevents a lender from enforcing the “due on sale” clause which may have been in the mortgage which was on the property.
As a potential Buyer, you may have have no reason to suspect that an outstanding permit exists on…
When a borrower signs a promissory note, he is agreeing to pay the lender a specific amount of…
Your lender or mortgage broker may refer to “Fannie Mae Guidelines” when asking you for documentation supporting your…
With home prices on the rise, it’s easy to assume that property appraisal levels will increase accordingly. But…
When you sit down for your closing, whether it is at a title company, an escrow office, an…
While there is no “best” way to improve your credit score, as each of the three main credit…
