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Imagine you sell your home for $400,000, with a $100,000 primary mortgage and a $50,000 HELOC remaining on your property. The $100,000 mortgage would have to be paid first due to its first-lien ...
2. Selling ‘For Sale by Owner’. Selling a home is a complex and legally intensive process. While it might be tempting to save on commission fees by selling the home yourself, this can be a ...
How to flip a house, step-by-step Set a budget: House flipping is expensive, and the first step is to make sure you have your finances in order. If you’re a first-time flipper, whatever amount ...
The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [1] On the closing day, ownership of the property is transferred from the seller to the buyer. In most jurisdictions, ownership is officially transferred when a deed from ...
K-1 visa. A K-1 visa is a visa issued to the fiancé or fiancée of a United States citizen to enter the United States. A K-1 visa requires a foreigner to marry his or her U.S. citizen petitioner within 90 days of entry, or depart the United States. Once the couple marries, the foreign citizen can adjust status to become a lawful permanent ...
Creative financing. In real estate, creative financing is non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/ investor using as little of his own money as possible, otherwise known as leveraging. Using these techniques an investor may be ...
Image Credits: luismmolina / Getty Images. Most real estate agents charge a commission — in many cases up to 6% of the sale price of a home — for listing and selling a house on behalf of a ...
Here are six alternative, more creative home financing ideas for eager homebuyers to think about. (Some have a certain amount of risk involved, though, so consider your financial situation ...
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