What Is A Mortgagee Clause?

Mortgage Basics - 5-minute read

Victoria Araj - February 24, 2023

Provisions in real estate transactions can be tricky to understand. For instance, what is a mortgagee clause, and how can it impact lenders and borrowers?

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HOA Special Assessment: What It Is And How To Handle It

Mortgage Basics - 6-minute read

Sidney Richardson - February 24, 2023

Moving to a neighborhood with an HOA? You should be prepared to pay some extra, unexpected feed. Here's what you need to know about special assessments.

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Participation Mortgage: An Explanation

Mortgage Basics - 3-minute read

Miranda Crace - February 23, 2023

Putting together a commercial real estate project? You’ll need multiple lenders to spread the risk. Learn how participation mortgages can finance large deals.

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What Is The Power Of Sale In A Mortgage Note, And How Does It Affect Foreclosure Proceedings?

Mortgage Basics - 3-minute read

Scott Steinberg - February 23, 2023

The power of sale allows a lender to sell a home – without judicial review – if a borrower defaults on a mortgage. Learn how power of sale affects foreclosures.

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What Is A Mortgage Note And Why Is It Important?

Mortgage Basics - 4-minute read

Ashley Kilroy - February 20, 2023

A mortgage note is a legal document that defines the terms of the loan for the borrower and lender. Learn more about mortgage notes and why they’re important.

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Mortgage Payoff Statement: Everything You Need To Know

Mortgage Basics - 4-minute read

Ashley Kilroy - February 18, 2023

A mortgage payoff statement can be a useful piece of documentation for some borrowers to request. Learn about what a payoff statement is and how it works.

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What Is The Secondary Mortgage Market And How Does It Work?

Mortgage Basics - 4-minute read

Patrick Chism - February 17, 2023

 Are you considering getting a loan for a house? Learn more about how the secondary mortgage market works and how the loan market will affect your mortgage.

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Single-Purpose Reverse Mortgages: What You Need To Know

Mortgage Basics - 4-minute read

Lauren Nowacki - February 15, 2023

Wondering whether a single-purpose reverse mortgage may be right for you? Learn what it is and what the pros and cons of a single-purpose reverse mortgage are.

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Primary Mortgage Market: Defined And Explained

Mortgage Basics - 4-minute read

Sarah Sharkey - February 14, 2023

Not sure what the primary mortgage market is? Check out our guide to learn all about the primary mortgage market and how to navigate it successfully.

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How Does Bankruptcy Affect Your Mortgage?

Mortgage Basics - 12-minute read

Kevin Graham - January 17, 2023

Wondering how bankruptcy affects a mortgage? Read our guide to learn what happens to a mortgage if you file for bankruptcy, and the options that are available.

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Understanding Bird Dogs In Real Estate: What They Are And How To Become One

Mortgage Basics - 6-minute read

Melissa Brock - January 12, 2023

A bird dog identifies underpriced properties and sells these leads to experienced investors. Learn the role bird dogs play in the larger real estate ecosystem.

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Proprietary Reverse Mortgage: What You Need To Know

Mortgage Basics - 6-minute read

Victoria Araj - January 11, 2023

Proprietary reverse mortgages let homeowners take out a loan against their home equity through a private lender. Learn more about this mortgage tool.

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Reverse Mortgage Foreclosure: Everything You Need To Know

Mortgage Basics - 6-minute read

Ashley Kilroy - January 11, 2023

At risk of foreclosure on your reverse mortgage? Learn more about the reverse mortgage foreclosure timeline and how you can avoid foreclosure on your home.

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The Difference Between Forbearance And Foreclosure

Mortgage Basics - 7-minute read

Victoria Araj - January 11, 2023

The words may sound the same, but there’s a difference between forbearance and foreclosure. Here’s what you need to know.

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