2009-08-23 00:44:43
What to Keep From Your Closing
- The Real Estate Settlement Procedures Act (RESPA) statement. This form, sometimes called a HUD 1 statement, itemizes all the costs associated with the closing. You'll need for income tax purposes and when you sell the home.
- The Truth in Lending Statement summarizes the terms of your mortgage loan.
- The mortgage and the note (two pieces of paper) spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.
- The deed transfers ownership of the property to you.
- Affidavits swearing to various statements by either party. For example, the sellers will often sign an affidavit stating that they have not incurred any liens on the property.
- Riders are amendments to the sales contract that affect your rights. For example, if you buy a condominium, you may have a rider outline the condo association's rules and restrictions.
- Insurance policies provide a record and proof of your coverage.
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Blog Archive
2009-09-15 12:15:37
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10 Tips For First-Time Homebuyers
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Tax Benefits of Homeownership
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10 Steps to Prepare for Homeownership
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10 Questions to Ask a Home Inspector
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How High Tech is Your Home?
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10 Things to Take the Trauma Out of Homebuying
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6 Creative Ways to Afford a Home
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10 Things a Lender Needs From You
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10 Questions to Ask Your Lender
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5 Property Tax Questions You Need to Ask
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5 Things to Understand About Title Insurance
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10 Ways to Lower Homeowner's Insurance Costs
2009-08-23 00:48:57
5 Things to Understand About Homeowners Insurance
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Choices That Will Affect Your Loan
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Tips for Packing Like a Pro
2009-08-23 00:44:43
What to Keep From Your Closing
2009-08-23 00:44:12
Common Closing Costs for Buyers
2009-08-23 00:43:08
What Not to Overlook on the Final Walkthrough
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5 Factors That Determine Your Credit Score
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8 Ways to Improve Your Credit
2009-08-23 00:39:34
8 Steps to Getting Your Finances in Order
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After Your Move...
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27 Free & Easy Fix-Ups To Sell Your Home For The B
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5 Secrets to Buying the Best House for Your Money
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9 Deadly Mistakes Home Sellers Make
2009-08-22 22:41:50
Keep a Level Head When House Shopping
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How to Choose a School System
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How can I Save on Remodeling Costs?
2009-08-22 10:51:25
Purchasing Handy Man Specials
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Should you Flip Real Estate?
2009-08-22 10:38:24
Finding Fast Profits in a Fixer Upper for Sale
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Top Ten Real Estate Investing Secrets
2009-08-22 10:29:30
Rehabbing Houses in a Shaky Market
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How Can a Short Sale Stop Foreclosure?
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Profiting From Government Tax Foreclosures
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What are Bank Owned Homes and REO Properties?
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Top Five Things to Avoid When Flipping Houses
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