home finance
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Understanding Overdrafts & Mortgage Underwriting: A Guide
Employee looking over co-workers work on laptop. The three to 12 months of bank statements you have to hand over during the mortgage application process are scrutinized by the underwriter to
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Lease Termination Due to Pest Infestation: Your Rights & Options
Ask your landlord to tell you when the exterminator is coming. If you just signed a lease and found roaches, don't be too hasty to get out of your lease even though it's an uncomforta
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Buying Out a Sibling's Share of Real Estate: A Simple Guide
Use a quitclaim deed to transfer ownership from your sibling to yourself. There are often times when siblings come to share property ownership without wishing to do so. When your sibling is l
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Buying an Inherited Home from Siblings: A Legal & Practical Guide
Legally, buying an inherited home isn't that different from buying any piece of real estate. It may feel very different, however, if you're negotiating with your siblings to buy the family hom
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Mortgage After Foreclosure: Can a Cosigner Help?
Nearly three million properties received foreclosure filings in 2010 -- a record for the American housing market. Homeowners may experience foreclosure because of various reasons, including extenuatin
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Real Estate License & Felony Convictions: What You Need to Know
While states sometimes allow felons to become licensed real estate agents, having a felony conviction may make it much more difficult. Each state has its own rules for who can obtain a real estate sal
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Navigating a Home Appraisal: What Happens Next?
An appraisal is one of the steps in the home buying process that home buyers are often most worried about – and with good reason. A low appraisal could put your mortgage offer in jeopardy and there
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Selling a Shared Home After Separation: Husband's Rights & Options
When couples share ownership of a home and then separate or divorce, there can be disagreements as to how the property will be handled. Can a husband sell his wife's home without her permission if
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Using Home Equity to Finance a New Home Purchase: What You Need to Know
Only the home being purchased can be used as collateral. When it comes to buying real estate, the home you purchase is always the collateral for that loan. Most banks will not allow you to us
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Understanding Mortgage Disbursement Checks: What You Need to Know
What Is a Disbursement Check on a Mortgage? Most homeowners are used to sending money to their mortgage company, but rarely do they receive money back. However, certain circumstances may lead
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Gross vs. Net Price in Real Estate: Understanding the Difference
There is a difference between gross price and net price in home buying. Gross price and net price are two common terms when real estate is discussed. Gross price is what the buyer pays to pur
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Understanding and Calculating Your Mortgage Credit Certificate (MCC)
Calculate the amount or remittance you can expect to receive as your annual mortgage credit certificate, or MCC. State and local governments operate MCC programs to provide incentive for residents to
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Landlord's Rights: Can They Sue for Unpaid Rent After You Move Out?
A landlord has the right to receive rent from a tenant under the terms of the rental agreement. When the tenant fails to meet his rent obligations, the landlord can, but is not required to, sue the te
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Mortgage Check Bounced? Understanding the Consequences and What to Do
Bouncing a check is a common occurrence. Bouncing a mortgage check can cost you a lot of money, and affect your credit for a long time. If you made an error balancing your checkbook, consider it as a
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Lost Lease Agreement? How to Get a Copy from Your Landlord
Misplacing a copy of your rental agreement or lease is a common occurrence; it's a boring read and you have a lot of fine print to digest. You may never really need the lease until you have a disp
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![Home Air Conditioner Grants: Save on AC Costs - [Year]](https://www.etffin.com/article/uploadfiles/202109/2021092609000563_S.jpg)
Home Air Conditioner Grants: Save on AC Costs - [Year]
Air conditioners keep homes at comfortable temperatures during extremely hot weather. According to an American House Survey in 2007, more than 63 percent of U.S. homes had central air conditi
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Contract for Deed Down Payment: What You Need to Know
Smaller downpayment requirements may leave extra funds for renovations. A contract for deed, also known as a land contract, allows those unable to qualify for traditional property loans to mo
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Understanding Property Tax Escrow: Who Can Pay Your Taxes?
Many homeowners never even have to think about paying their property taxes. Their mortgage lenders include one-twelfth of the yearly amount in each of their monthly mortgage payments and remit the tax
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Understanding Upset Prices in Foreclosure Auctions: A Buyer's Guide
Although foreclosure conjures up the idea of a home selling for a fraction of its value, foreclosure homes rarely sell. If you want to purchase a foreclosure home at the lowest possible cost, you must
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Understanding Letters of Assumption in Real Estate: A Comprehensive Guide
When it comes to buying a home, you have a few options. For example, you can buy the home outright with cash you have on hand, or you can apply for a mortgage through a mortgage lender. You can also c
home finance
- Real Estate Option Contract: Definition, Benefits & How It Works
- Rent an Apartment with No Job or Bad Credit: A Comprehensive Guide
- Accelerate Mortgage Payoff: Strategies for Paying Down Principal
- Understanding HOA Transfer Fees: Who Pays?
- Locate Your Original Mortgage Agreement: A Step-by-Step Guide
- Understanding Collateral: How It Impacts Loan Terms
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Fannie Mae Loans: Are They Conventional?Fannie Mae is a government-sponsored enterprise (GSE) charged with the role of increasing access to mortgages. It does this through extending private mortgage loans. Since these loans are private and ...
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ALDI Review: Is it the Best Discount Grocery Store?(This page may contain affiliate links and we may earn fees from qualifying purchases at no additional cost to you. See our Disclosure for more info.) Shopping at ALDI discount grocery stores can d...
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Understanding 0% APR: Benefits, How It Works & Potential PitfallsMillennial Money has partnered with CardRatings and creditcards.com for our coverage of credit card products. Millennial Money, CardRatings and creditcards.com may receive a commission from card issue...
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Understanding Financial Accounting Theory: Principles & PracticesFinancial accounting theory focuses on the “why” of accounting – the reasons why transactions are reported in certain ways. The majority of introductory accounting courses...