How Long Does Underwriting Take?

Most people finance a home with a mortgage which will require them to go through the underwriting process. The mortgage underwriting process can be a nerve racking time because it’s so revealing of one's personal and financial history. Because of this, it’s important...
Who Gets the House When a Spouse Dies?

Who Gets the House When a Spouse Dies?

The death of a spouse is a terrible event to go through and dealing with the deceased spouse’s affairs can be an equal nightmare. Survivorship or inheritance of the home is a concern for most people and it should not be taken lightly. Generally, a spouse inherits...

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What is Redlining?

What is Redlining?

Redlining in real estate has been going on at least formally since 1934, when the National Housing Act was created, which also established the Federal Housing Administration. According to the Fair Housing Act of 1968, which made redlining officially illegal,...

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How to Airbnb Your House: Things to Consider

How to Airbnb Your House: Things to Consider

Many homeowners these days are considering renting out their spare rooms or entire homes on Airbnb (or other short term rental sites) to make some extra cash. It’s a tempting endeavor to pursue because many homeowners have empty rooms they can share or may be out of...

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What Mortgage Programs Exist to Help Minorities?

What Mortgage Programs Exist to Help Minorities?

Over the years in the United States, mortgage lenders have unfortunately been as guilty as other parts of American society in denying equal rights to minorities. This practice in mortgage lending was known as “redlining.” And while redlining has been labeled as...

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Do You Qualify for Covid-Related Mortgage Relief?

Do You Qualify for Covid-Related Mortgage Relief?

With the passage and signing of the CARES Act into law on March 27, 2020, the federal government set into motion a massive $2.2 trillion covid-19 relief bill and the largest single economic rescue plan in the history of the US. And in this act are plans to help...

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How Much Commission Does a Realtor Make?

How Much Commission Does a Realtor Make?

How much do real estate agents make? Many real estate agents make their money through a commission structure where they are paid directly for services rendered in the sale of a property or the purchase of property. How much commission a real estate agent makes is...

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Is it Cheaper to Build a House? 

Is it Cheaper to Build a House? 

It’s a commonly asked question - is it cheaper to build a new house or to buy a pre-existing house? And you’d think there would be an easy answer to that simple question, but there isn’t. The answer you seek will arise from many different factors that you need to...

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How Much Does it Cost to Buy a House? Know This Beforehand

How Much Does it Cost to Buy a House? Know This Beforehand

Buying a house isn’t just buying a house, and buying a house isn’t cheap. While the downpayment is commonly the most substantial amount of what you’re paying when you buy a house, there are a number of other fees you will need to pay as well - either one time or...

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How Much Does it Cost to Sell a House?

How Much Does it Cost to Sell a House?

Selling a house can be expensive, but as they say, sometimes you have to spend money to make money. And while real estate agent commission costs are the biggest part of what you stand to pay, there are other costs to be aware of too. In our experience, all told,...

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How to Calculate Closing Costs – A Complete Guide

How to Calculate Closing Costs – A Complete Guide

Buying a house is often considered to be one of the most stressful times in a person's life for a number of reasons, but a significant part of that is the amount of money changing hands. And undoubtedly what adds to that stress are the mysteriously dubbed "closing...

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Buying a Home: Tips to Save For Your Down Payment

Buying a Home: Tips to Save For Your Down Payment

When you decide to buy a house, it is important that you have money saved. Not only will you need money for closing costs, you are going to need to be able to put as much money down as possible. In fact, the higher your down payment is, the more money that you can...

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What Can I Do If My House is About to Be in Foreclosure?

What Can I Do If My House is About to Be in Foreclosure?

If your house is in foreclosure or on the verge of foreclosure, you are probably feeling incredibly overwhelmed and stressed.  Maybe all you want to do is pretend it’s not happening. But, you’ll help yourself out (short-term and long-term) if you spring into action....

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What Is Property Tax?

What Is Property Tax?

If you're a potential home buyer, you've probably estimated a mortgage payment. One of the items that will make up your monthly mortgage payment is property tax. In this article we will cover what it is and how to find property tax.  But, what is property tax? Quite...

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How to Build Your Credit Score

How to Build Your Credit Score

To say that buying a house is a big financial commitment would be an incredible understatement. Deciding to buy a house or a second home in the mountains is the easy part. Actually reaching a point where a lender will help you finance this decision, now that's hard...

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What Impacts Your Credit Score?

What Impacts Your Credit Score?

So, sure, you know that everyone has a credit score. But what is yours? And what impacts your credit score? Your score can range from 350 to 850 and is entirely dependent on your past financial decisions. If you are considering buying a home, your credit score is...

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How to Get Pre-Approved to Buy a House

How to Get Pre-Approved to Buy a House

So you’ve decided to buy a house. Congratulations: You are now on your way toward purchasing a home. The first step is understanding how you get pre-approved to buy a house. Being pre-approved for a mortgage is not the same thing as being prequalified. Pre-qualified...

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What is Included in a Home Appraisal?

What is Included in a Home Appraisal?

By now, you hopefully know that a home appraisal is an important part of the home buying and selling process and what happens on a home appraisal. But what is included in the home appraisal? The final report will generally cover the following items: Size and condition...

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How is a Home Appraisal Done?

How is a Home Appraisal Done?

Now that you know what a home appraisal is, you're probably wondering how is a home appraisal done? An appraiser is required to take several steps to determine a property’s value. He or she will visit the property in-person and review recent sales of comparable homes....

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2018 Real Estate Commission Report

2018 Real Estate Commission Report

Have you ever wondered how much is paid in Real Estate commissions every year? Stop wondering!  TRELORA launched its inaugural Real Estate Commission Report earlier today and the findings are astounding. The report takes a look at the top 10 real estate markets across...

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