When you’re considering buying a home, one option might be to assume the seller’s mortgage instead of obtaining a new loan. But what does that mean for you, especially when it comes to taxes? This post provides expert insights into the tax implications of assuming a mortgage. We’ll also break down the concept of mortgage…
Many homebuyers today are not just shopping for a house; they’re shopping for a community that reflects their desired lifestyle. A PUD home, meaning a planned unit development property, offers shared amenities, such as a neighborhood clubhouse, swimming pool, parks, tennis or pickleball courts, and a gated entry. But a PUD property also offers something…
Changing your name often reflects a big change in your life. Whether you’re celebrating a marriage, finalizing a divorce, dealing with the estate of a loved one, or embracing a fresh start, knowing how to change your name on a deed can help you move forward. Perhaps this need has arisen as you’re preparing to…
Your home is likely one of your most valuable assets. U.S. homeowners saw a significant rise in equity in 2023, with the average homeowner gaining roughly $24,000 over the previous year, according to the CoreLogic Homeowner Equity Insights report from Q4 2023. If you are considering selling your home, you’ve probably wondered a lot about…
In Tuscaloosa, “We Buy Houses” companies are known for making all-cash offers on homes that may need some work. For homeowners who find themselves strapped for time, lacking the expertise for home repairs, or short on funds to get their property market-ready, a cash sale can be a lifeline. A cash sale can often be…
Buying a home is rarely done with casual disregard. You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know…
For most homebuyers and refinancing homeowners, the traditional 30-year fixed-rate mortgage is often the default loan option they use to purchase a house. But there are other types of mortgages and term lengths available. A phrase you might hear in real estate lending circles is “10 over 30 mortgage.” But what exactly does choosing a…
Low inventory, elevated home prices, and high interest rates are making it harder to unlock the door to homeownership. Hopeful buyers often discover that the key to this door is getting past the upfront costs required to buy a house. For many, the solution lies in a “seller assist.” But what exactly is a seller…
If you’re reading this post, it’s likely you stumbled upon the term “FROG” while browsing through home listings. You’re wondering, “What does FROG mean in real estate?” FROG is perhaps one of the most fun acronyms used in the home buying and selling arena. And if you keep reading, you’ll discover why a FROG can…
When you bought a house with less than 20% down, your mortgage lender tacked on the extra cost of private mortgage insurance (PMI) as a standard precaution. But you’re confident that your house is worth more today than when you purchased it, leading you to wonder: “Can I cancel PMI if my home value increases?…