July 4th, 2022 at 11:00 am
Acceleration is a word we generally associate with speed. You hit the accelerator of your car and take off, adrenaline flowing, heart pumping, as you start flying down the open road.
An acceleration clause in real estate may also get your adrenaline flowing and heart pumping, but for different reasons.
So what is this acceleration clause real estate? At its most basic level, it’s a part of your mortgage that allows your lender to call in the entirety of the loan. Unlike amortization in real estate, that means you have to pay everything now. Thankfully, there’s a bit more complexity and lenders can’t just trigger an acceleration clause on a whim. Let’s look at some of the details of how mortgage acceleration clauses in real estate work.
(more…)May 9th, 2022 at 11:00 am
Apartment hunting can seem like a full-time job. You scan the online listing services between work meetings, show up to every open house, and follow up with brokers. Yes, you’re well on your way to finding your perfect apartment—but how can you be sure you’ll be approved once you find it?
Getting approved for an apartment in California can require some strategic effort and organization, especially since experts are foreseeing even more competition in the rental market going forward.
(more…)May 2nd, 2022 at 11:00 pm
Purchasing a new home involves a variety of costs beyond just what you see on the listing. The asking price is just the start. You have to consider how does earnest money work, mortgages, insurance, utilities, and property taxes in your budget before you even make an offer on a house.
(more…)April 18th, 2022 at 11:00 am
Home buying seems like a fairly straightforward process. You give the seller money, and they give you the real property. In reality, the process of selling a home is much more complicated. Money gets paid at various points and passes through several hands before you can even set foot into a new home.
(more…)March 28th, 2022 at 11:00 am
If you’ve ever been confused about the differences between an apartment and a condo, you’re not alone. Like many terms used in real estate lingo, the distinctions can be subtle, obscure, and hard to track.
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