If you’re looking to buy a house in Memphis, but have bad credit, the process can seem overwhelming. Poor credit is one of the most common reasons why people are denied mortgage loans. But don’t despair – there are still options available to make homeownership possible.
7 Things You Need To Know Before Getting a Home Mortgage Are you considering taking out a home mortgage? It’s …
Transaction apps were quickly adopted for convenience, but are they really safe to send and receive money on? A former banker breaks it down.
When a person dies, his or her estate must usually be probated. Probate is a process for determining who receives property and assets and settling debts against the estate. Although probate can be time-consuming and expensive, there are strategies to minimize probate costs
Closing costs add up to anywhere from 3% to 6% of the purchase price. This means if your home is $400,000 and your closing costs are 4%, you’ll owe $16,000 at closing.
Some examples of costs common during a closing:
Home equity is the difference between what you owe on your mortgage and the current value of your home. You can build equity as you pay down your loan balance and as the market value of your home increases. If you still owe money on your mortgage, you only own the percentage of your home that you’ve paid off. Your mortgage lender owns the rest until you pay off your loan.