Mortgage

Home Loan Refinancing When Do You Have To Close

Refinanced mortgages have a couple of different rules when it comes to closing. For one, there is a mandatory rescission clause for primary residence mortgages that allows you annul your loan. You can also choose to close at anytime, which is beneficial if you think rates will drop in the near future. Rescission Clause With a rescission clause, you have…

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Insurance

Convert Term Policy Before It Expires

Keeping an inexpensive term life insurance policy for too long can cost unprepared families lots of money in the long run. While term insurance is a great way to protect your family from financial disaster, sitting on the same policy until it is too late to replace it with a permanent options can be a financial disaster. Term life is…

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Real Estate

The Language Of Foreclosures

Talking about foreclosure real estate can be hard enough without even entering the market. That’s because foreclosures tend to have their own language, employing many obscure words originating in govermnent housing legislation and real estate law. Without a background in these areas, prospective investors won’t be able to decipher even the simplest foreclosure contract. This article lists some of the…

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