- Guide to an Assumption of Mortgage After Divorce
An assumption of mortgage after divorce can be complex to navigate, but it’s a viable option for many couples looking to divide their assets and responsibilities. This process allows one spouse to take over the mortgage, effectively removing the other from liability. Understanding the implications and steps involved is critical to ensuring a smooth transition.… read more…
- What Is a Deed in Lieu of Foreclosure?
Facing financial hardship and the possibility of losing your home can be an overwhelming and stressful experience. When homeowners are unable to keep up with their mortgage payments, they may be forced to consider options such as foreclosure or a deed in lieu of foreclosure. While both options can have significant consequences, a deed in… read more…
- How to Remove a Name From a Mortgage Without Refinancing
Typically, removing a name from a mortgage could require you to pay off the loan in full or refinance it with a new loan. But, there are alternatives where you can take over the loan without paying off it off or refinancing. These could include mortgage assumption, loan modification and bankruptcy. Here’s what you need… read more…
- All About VA Form 26-1880
If you’re a veteran who wants to take out a loan backed by the Department of Veterans Affairs, you must be able to prove that you qualify for the VA loan program. In order to be eligible for a VA home loan, you must meet certain requirements. You’ll also be expected to present a Certificate… read more…