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What is a Mortgage Discharge and Why Do You Need One?

A mortgage is a debt, and an old debt can delay a closing. It almost never happens when there are professionals representing the seller. Once in a while, a seller doesn’t have a thorough attorney or broker. Then a title search will find out that their property still has an open mortgage without a recorded

Getting a mortgage: the paper trail you will follow

If you have a new year’s resolution to buy a house in 2022, here are some things you can do to smooth the path to getting a mortgage. The paperwork does not have to be overwhelming, if you are prepared. The mortgage broker, also called a loan originator, is responsible to the lender to prove

By |2022-01-17T12:03:42-05:00January 18th, 2022|Categories: buying process, Mortgage matters|Tags: , , , |

Follow the Money: Fees, Deposits, and Escrows When You Buy Real Estate

There are times during a real estate transaction when you will be required to spend money. Some are deposits, some are fees, and some are refundable. At offer: When you make an offer, you will provide a deposit check for $1000 or $5000, depending on your price range. That check is not cashed unless your

By |2021-05-09T11:54:24-04:00May 12th, 2021|Categories: buying process|Tags: , , , , , |

Applying for a mortgage? What matters?

There are things about you and your finances that are going to be studied, legitimately, before a lender will give you a mortgage. That makes sense; they are lending you a large sum of money. But, there are some things that are none of their business, literally! Who you are – in terms of race,

By |2016-12-28T14:01:09-05:00October 1st, 2014|Categories: Mortgage matters|Tags: , , , , , |