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First-Time Homebuyer's Guide: Steps for Buying
Buying a home for the first time can seem daunting. Learn the buying process and what to watch out for to be a successful first-time homebuyer.
Alienation Clause Definition
An alienation clause in a financial contract allows an asset to be sold or transferred to another party, often used in real estate deals.
Goodwill (Accounting): What It Is, How It Works, How To Calculate
Goodwill is an intangible asset recorded when one company acquires another. It concerns brand reputation, intellectual property, and customer loyalty.
What Is a Home Appraisal?
Before you buy or refinance a home, your lender will require an unbiased professional appraisal to determine its value. Here's how the process works.
HOPE for Homeowners Definition
HOPE for Homeowners was a federal program aimed at helping homeowners in financial distress due to the collapse of the subprime mortgage market in 2008.
Cancellation of Debt (COD) Definition, How It Works, IRS Tax Form
The cancellation of debt (COD) occurs when a creditor relieves a debtor from a debt obligation. Debts forgiven by a creditor are taxable as income.
5 Types of REITs and How to Invest in Them
REIT investing can be a good addition to a diversified portfolio. Learn about 5 types of REITs and the pros and cons to make a smart investment decision.
Home Appraisals: Your Key to a Successful Refinance
When you refinance your mortgage, everything hinges on the appraisal. The key is understanding how appraisals work and how to prepare your home.
The Complete Homebuying Guide
From mortgage preapproval to closing costs, this step-by-step homebuying guide can help make your dreams of residential equity a reality.
The intention of mortgage fraud is typically to receive a larger loan amount than would have been permitted if the application had been made honestly.