Month: August 2018

How to File a Quit Claim Deed

If you need to transfer ownership of a property to a family member or other person close to you and money won’t exchange hands, you may want to file a quit claim deed. The process is rather simple. In fact, you aren’t required to use an attorney for the process, but it’s usually a good idea just to make sure your bases are covered. Get Matched with a Lender, Click Here. Use the following steps for the easy process of filing a quit claim deed. OBTAIN THE PROPER FORM You’ll need a Quit Claim Deed form, which you can...

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How to Invest in Real Estate With Little Money

Do you avoid investing in real estate because you don’t think you have enough money? You might be surprised to learn that there are several ways that you can go about investing even without a large stash of money. Compare Offers from Several Mortgage Lenders. Whether you plan to buy a property and rent it out, or you want to buy a house and flip it, you can use the following tips to buy a house with little money down. USE FHA FINANCING You probably think FHA financing is only for owner-occupied properties. Technically, you are right. You can’t use...

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Why do Mortgage Interest Rates Change so Often?

Mortgage interest rates can change daily, and even multiple times per day. Do you ever wonder why this is the case? Maybe you wonder how you should know when to lock a rate? Get Matched with a Lender, Click Here. Keep reading to learn about changing interest rates and how they may affect you. THE ECONOMY PLAYS A ROLE The economy plays a large role in interest rates at any given time. When the economy is doing well, interest rates often go up. If the economy is good, people are borrowing and spending money. Lenders aren’t hurting for borrowers,...

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5 Ways you Can Get Around Lender Overlays

Lender overlays may prevent you from getting the mortgage you thought you were a ‘shoe in’ to receive. Lender overlays are guidelines a lender adds to a loan program’s basic guidelines. They are common, but it doesn’t mean that you’ll never get the loan you need. You just have to know how to get around them. Get Matched with a Lender, Click Here. We help you understand the five most common ways to get around the overlays that you come across on your quest for a mortgage loan. SHOP AROUND FOR A LENDER The easiest way around lender overlays...

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