1. A Property Lien Is a Legal Claim for Unpaid Debts Liens are usually placed on a home when the owner owes money they haven’t paid. Common reasons include: Unpaid property taxes Unpaid contractor or repair bills (mechanic’s liens) Delinquent HOA dues Court judgments or legal disputes The lien doesn’t mean you lose the home, […]
1. A Bridge Loan Helps You “Bridge” the Gap Between Homes A bridge loan is a short-term financing tool that lets you use the equity in your current home to help purchase your next one. Here’s how it works: You borrow against the equity in your current home Use that money as a down payment on your new home Pay the loan
1. Mortgage Interest and Property Tax Deductions Can Lower Your Taxable Income One of the biggest tax benefits of owning a home is the ability to deduct mortgage interest and property taxes from your taxable income. Mortgage interest deduction: You can deduct the interest you pay on your mortgage loan, which can add up to significant savings, especially in
Homeowner & Buyers Guide: 3 Reliable Ways to Find Out What a Home Is Worth Whether you’re buying, selling, refinancing, or just curious—knowing your home’s value is a powerful piece of the puzzle. But not all estimates are created equal. Here are three ways to get a solid sense of your property’s worth—plus when to
1. What Is a Deed-in-Lieu of Foreclosure A deed-in-lieu of foreclosure is an agreement between a homeowner and their lender where the homeowner voluntarily transfers the property’s title to the lender to avoid foreclosure. 🏠 Key points about this process: The homeowner surrenders ownership of the home to the lender.This option can help prevent the