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Read This Before You Refi!
To be clear there are two kinds of refinancing – cash-out refinance & no cash-out refinance. It is important to fully understand what is happening when you refinance. Most understand that when you do a cash-out refinance, the cash received is coming from the equity in their home. However, it is important to consider the
How To Correctly Buy A Home
Buying a home is typically the largest purchase one makes in their lifetime. Given how high the stakes are it is wise to go into this decision with a plan to make sure that the home doesn’t end up owning you. First, a prospective homebuyer needs to be completely honest with themselves about their financial
How To Sell A Home You Are Inheriting In Connecticut
The probate process, which is the process of paying a decedent’s debts and tallying up their assets upon their death, can be an intimidating process. Mainly because it is not a process people go through often in a lifetime and it’s full of paperwork and language most are unfamiliar with. It’s never easy when a
How Do I Know What The Value Of My Home Is?
Residential real estate sale prices typically are a combination of two things: Comparable sales Condition of the home Homeowners know what they paid for their home, and know what similar homes in the area recently sold for. But, they do not know the value of their home until it is sold. As we’ve mentioned in
What Does Equity In Your Home Really Mean?
The equity in your home is the cash in your pocket when you sell. Again, the equity in your home is the cash in your pocket when you sell! Equity in residential real estate by its very nature is ambiguous. No two homes are the same and all homes come with different specifications and in
The Real Cost Of Your Mortgage
When one purchases a home more often than not they will be putting some money down and will obtain a loan for the rest. That lender will charge interest on that loan until the loan is fully paid off… this concept is not a surprise to most. However, most people do not know how much
