Homeowner Education

The latest news, tips, and tricks for homeowners

Distressed Property

A Distressed Property is a residential real estate asset that is experiencing financial, legal, or physical difficulty that affects ownership stability or marketability. In real

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Creative Financing

Creative Financing refers to nontraditional methods used to structure the purchase, sale, or transfer of residential property when conventional mortgage lending is unavailable, impractical, or

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Credit Agreement

A Credit Agreement is a formal written contract that defines the terms under which one party extends credit to another. In residential property ownership, a

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Covenant Lite Loan

A Covenant Lite Loan is a type of loan agreement that includes fewer restrictive conditions placed on the borrower compared to traditional lending arrangements. In

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Cooperative Mortgage

A Cooperative Mortgage is a type of residential financing used to purchase an ownership interest in a housing cooperative rather than direct ownership of real

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Conversion Clause

A Conversion Clause is a contractual provision that allows a change in the structure, status, or form of a residential agreement when specific conditions are

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Convertible Mortgage

A Convertible Mortgage is a residential loan that allows the borrower to change specific loan terms under conditions defined in the original agreement. Most commonly,

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Construction Loan

A Construction Loan is a form of financing used to fund the building of a residential property rather than the purchase of an existing home.

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Conforming Mortgage

A Conforming Mortgage is a residential home loan that meets specific criteria established by regulatory and financial oversight standards within the housing finance system. In

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