Building a new home can be costly, which is why lenders offer construction loans. However, you should think beyond construction to the mortgage stage. Sometimes homeowners end up taking out a mortgage separate from a construction loan when it is not necessary....
real estate banking & finance
When may a bank require a home inspection to approve a mortgage?
The type of home loan you apply for may determine whether your lender requires an inspection before granting an approval. As described by The Mortgage Reports, conventional loans may not require inspections because the U.S. government does not guarantee them....
How two unmarried Floridians may buy a home together
Florida’s statutes allow two unmarried individuals to purchase a home together. When buying property as a duo, the parties may establish homeownership through a tenancy in common, as noted on the Florida Legislature website. As described by U.S. News, tenancy in...
What is a quiet title action in the state of Florida?
Congratulations! You may have found your dream home, but unfortunately, there is a cloud on the title. A quiet title action may be necessary before you can purchase the property. What does this mean and how does it work? The process A quiet title action is a legal...
Parents may benefit by purchasing condos for their college kids
Owning a condominium in Florida has several benefits even for an individual who does not wish to reside in it. With the increasingly high costs of college tuition, parents have turned toward condos as a less expensive alternative for providing housing for their adult...
How does a reverse mortgage work?
Florida homeowners have several options when it comes to accessing funds that are tied up in their home. While a home is not a liquid asset so there may not be cash available, there are ways to turn equity into cash. It is important that you understand if this is a...
Real estate financing basics for buyers and sellers
One important aspect of any real estate project or purchase is the financing associated with the project or purchase. As a result, it is important for parties to a real estate transaction to understand real estate financing options and the real estate financing...

