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Reverse Mortgage in Texas

Reverse Mortgage in Texas

If you own your home for many years, it generally grows equity as you live in it. Equity loans and lines of credit have always been popular, but reverse mortgages are a relatively new option. These types of mortgages have increased more than 1,300 percent between 1999...
“As Is” Real Estate Contract Answers

“As Is” Real Estate Contract Answers

If you are buying a home in Texas, you may see an “As Is” home sale. This declaration usually means that the seller is not interested in negotiating a sales contract based on needed repairs. Both the seller and buyer can benefit from this arrangement....
Mortgage Contract Pitfalls

Mortgage Contract Pitfalls

Of all the purchases you will make in your lifetime, a mortgage might be the biggest investment risk. Often a real estate purchase pays off in dividends years later, but only if the mortgage terms are fair. On the other hand, the wrong mortgage can cause your good...
Cash to Close: How Much Is Enough?

Cash to Close: How Much Is Enough?

When you buy a new home, realtors throw a lot of phrases around that are confusing. One of them is “Cash to Close.” Another is “Closing Costs.” It’s easy to think that these terms mean the same thing, but they don’t. So precisely what does “Cash to Close” include and...
3 Scenarios You Need A Real Estate Attorney

3 Scenarios You Need A Real Estate Attorney

Every state has its real estate laws and regulations that affect how you buy and sell houses. Some states require a lawyer while making real estate transactions. Texas does not require a lawyer, but real estate lawyers are far from obsolete. There are at least three...
Deed of Trust vs Mortgage

Deed of Trust vs Mortgage

The term “mortgage” is confusing because it can mean different things. Almost everyone who buys a home takes out a loan. Taking out a loan is the same thing as applying for a mortgage. But what is a Deed of Trust vs Mortgage? No matter where you live when you take out...
What is a Gift Deed?

What is a Gift Deed?

If you want to give away real estate in Texas, you may decide to make a gift deed of your property. This deed is a document that states that you are giving your property to someone else. A gift deed must employ precise language to be valid. Without validity, a court...
What is Real Property in Texas

What is Real Property in Texas

If you hear people talking about “real property,” they generally are speaking about their land and home. They could also talk about a building they own or rent out. The term real estate is usually thrown around in the same way. But what is “real property”...
What Does a Real Estate Attorney Do?

What Does a Real Estate Attorney Do?

Buying or selling a home is almost always the largest expenditure we make as consumers. Hiring an attorney when buying or selling a home is the best way to protect your interests during this larger-than-life transaction. Let’s look at what real estate attorneys do and...