Real Estate Term of the Week
Contingency: A provision that makes a home purchase contract null and void if a certain event were to occur. Either...
Odd and Downright Wacky Contingencies in Home Sales
In the popular Netflix series, Ozark, a money laundering financial advisor has to relocate his family from Chicago to the...
Real Estate Term of the Week
HECM: Stands for Home Equity Conversion Mortgage. This is another term for a reverse mortgage. These loans are insured by...
What Is a Reverse Mortgage and How Does It Work?
A reverse mortgage is a type of loan that allows people age 62 or older to convert part of the...
Real Estate Term of the Week
Split-Level Home: A style of house in which the floor levels are staggered. There are typically two short sets of...
Why Home Layout Matters So Much
Before you start your home search or begin new construction, consider what kind of layout suits your lifestyle and family...
Real Estate Term of the Week
Credit Utilization: The percentage of a consumer’s available credit that he or she has used. The credit utilization ratio is...
6 Habits of the Financially Fit
People are not always what they appear to be, right? Sometimes the person with the pricey new sports car is...
Real Estate Term of the Week:
Land Contract: A land contract is a form of seller financing. It is similar to a mortgage, but rather than...
The Pros and Cons of Land and Lease-to-Own Contracts
Both Land and Lease-to-Own agreements are seller-financing options that give a buyer the chance to own a home when typical...