Posts Tagged ‘closing’

Buying a home is a major achievement in anyone’s life. Pride of ownership, tax breaks, equity, and the ability to increase your wealth and net worth are just a few of the many benefits you’ll enjoy with your new home. Your home purchase may also be one of the largest you will ever make.  During the emotional excitement of buying a home, you may ... Full story

What Are Closing Costs? After months of searching, you have finally found the house of your dreams. Now comes the closing!  Closing is the exciting but anxiety-producing day when you meet with the representatives for the seller and the lender to sign paperwork transferring the property and agreeing to the financing terms of your mortgage.  “Mortgage ... Full story

At some point prior to the closing of your new home, you must decide how you want to hold title in your new home. You have to decide the name or names of the owners of the property. In my experience, it seems that very little time and attention is given to such an important decision. Make sure to think about all the various options ... Full story

You have done your homework, set goals, saved for a down payment, visited endless open houses, researched interest rates and chosen a mortgage lender—everything a well-informed first-time home buyer is supposed to do. Now it is time to choose an attorney to represent your interests in the purchase of your new home and at the real estate closing. But before making this important decision, you should ... Full story

Important things you should know and ask your attorney Volumes of legal writings and opinions have been written about title defects and their effect on the use and enjoyment of real property. In past articles I discussed the elements of a title search, which determines the status of the title and whether any title ... Full story

If you are like most individuals, a home is going to be the biggest investment you will ever make ; therefore, when you apply for a home loan, whether it be to purchase a piece of property or to refinance the one you own, the best advice you can get is to go to someone you can trust. If you do not know someone ... Full story