Reverse Mortgages

A reverse mortgage is a home loan that provides cash payments based on home equity. Homeowners normally “defer payment of the loan until they die, sell, or move out of the home.” Upon the death of homeowners, their heirs either give up ownership to the home or must refinance...

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College Apartments

Every year, millions of college students flood into college cities and towns. Those students, along with the faculty and staff at their schools, have one common need: housing. Consistent demand for housing makes college and university communities attractive to people interested in real estate investing. Read on to find...

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Are You A Good Tenant?

[trx_audio url=”http://96.127.170.232/~westerlyhomes/wp-content/uploads/2015/02/laura.mp3″ controls=”show” autoplay=”off” width=”100%” title=”Insert Audio Title Here” author=”Lily hunter” bottom=”30″] The factors that make a good tenant can vary, based on the landlord and the individual renter. Few universal characteristics hold true – some pet owners are wonderful tenants; some quiet tenants are asking to be evicted....

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Real Estate Traps To Avoid

Since a home buyer apportions the bulk of his savings and income to a single investment, he wants to save as much as possible. Property developers exploit this penny-pinching penchant by offering various innovative schemes that are laden with freebies. At face value, most of these options appear tempting,...

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Common Refinance Mistakes

If you’re like many homeowners out there, you may be thinking about taking advantage of the low mortgage rates out there and refinance your home loan. If so, make sure you avoid these four common mistakes refinancers make: Not Knowing Your Real Rates When you’re looking at rates, make...

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The Art of House Hunting

There comes a time when having the freedom to up sticks and move around starts to lose its shine. You begrudge lining someone else’s pockets with rent. You begin to long for something other than beige walls; you dream of having the licence to get hammer-happy put up as...

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Title Insurance: Who Needs It?

Who needs title insurance? Anyone who owns a house! Title insurance is a policy of insurance that provides coverage for the title-related risks associated with real estate transactions. It is designed to cover the unpredictable or undetectable issues such as forgery, fraud, missing heirs, etc. that can affect rights...

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A Broker’s Responsibility

A broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent—one who acts...

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