Intro: If you’re thinking about borrowing against the equity in your home, you may wonder if a cash-out refinance or a home equity loan is the better option. Here’s what you need to know about each one. A cash-out refinance lets you borrow more than your current mortgage balance and use the extra money for whatever you want. A home equity loan is a
Information About Title & Escrow
Transferring a title and setting up escrow accounts can be difficult if you’ve never done it before.
The New York Quitclaim Deed Process can be used if your title transfer meets the following qualifications:
- Transferring property involving a revocable trust.
- Transferring property to a spouse as part of divorce proceedings.
- Transferring one co owners interests to a separate and different co owner.
- Transferring property you already own on yourself into ownership with a new co-owner.
- Changing the ways existing owners hold the title to the property.
You can start this process by filling out a simple quitclaim deed form and submitting it to the proper offices. You can read more on the New York Quitclaim Deed process on Nolo.com
How To Setup A New Escrow Account For Your Home Purchase
When you are buying a home you will most likely hear the word escrow quite often. Escrow is a legally binding arrangement in which your designated third party holds large amounts of money or property until conditions have been met, for example, the fulfillment of a purchasing agreement.
You can set up a few different types of escrow accounts. For more information on escrow processes check out Rocket Mortgage resources on this.
Are you considering selling your house and wondering where you will move if you do? If you’re in New York, there are many different types of real estate that you can choose from. Depending on your budget and what kind of lifestyle you’re looking for, you can find the perfect place to call home. If you’re looking to downsize, plenty of apartments and condos
Intro: Many people are asking if they should buy a home now that the high inflation rate. Artisan Realty weighs in on the matter with some advice. According to their research, homes are still a good investment, but there are certain things potential homeowners need to remember when making such an important decision. For example, it’s essential to factor in how long you plan
The National Association of Home Builders/Wells Fargo Housing Market Index fell 4 points to 64 in July, its most significant drop since October 2014. The index, which gauges builder confidence in the market for newly-built single-family homes, is now at its lowest level since December 2014. “Builders are reporting that buyer traffic has slowed in recent months, which is impacting sales and leading to
Moving to any place can be a stressful event. But there are certain things you can do to make the transition a little easier – like deciding whether it’s better to buy a big or small house. A Fidelity National Financial subsidiary IPX1031 survey reveals that most Americans prefer a small house. The survey asked 2,006 individuals, and more than half of the respondents
The coronavirus pandemic has greatly impacted the world in many aspects – from how we work to how we socialize. The real estate industry is no exception. Though the pandemic has caused a slowdown in the market, buyers are still looking for homes – they’re just being more selective about what they’re looking for. Owning a home in Rockland County, New York, is a