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Mortgage VS. Deed Of Trust: What’s The Difference?

Posted onDecember 27/2017By

While a mortgage and a deed of trust do work similarly, it’s important to know there are significant differences between the two. These differences are especially important in the case of foreclosure, The biggest difference between the two are the amount of parties involved in each contract. In a mortgage, there are just two parties: the borrower, and the lender. In a deed of trust, however, there are three: a borrower, a lender, and a trustee. In a traditional mortgage, whether fixed rate or variable, the borrower holds the title to the property, though the home is still collateral in the mortgage loan. In a deed of trust, the trustee temporarily holds the title on the property and hands it over to the borrower once the loan is repaid in full. A mortgage and a deed of trust will only really affect the homeowner should the homeowner default on their…

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3 Things To Know About Mortgages For Overseas Properties

Posted onDecember 20/2017By

There are many good reasons to invest in property overseas. You may want to use the property as a vacation rental or as a vacation home for yourself and your family. Your child may be going to university overseas, and you may be thinking about buying a property as an investment where they are studying. Getting a mortgage for an overseas property is different than getting a mortgage in your country of residence, however, and there are some things to consider. Hire an Expert Even if you are experienced in buying real estate, the rules are often quite different when it comes to buying overseas. The best thing to do would be to find a local real estate agent in the country where you want to buy, who is experienced when it comes to dealing with overseas buyers. By working with a local agent, you can better understand the local…

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5 Tips For Buying Vacant Land

Posted onDecember 13/2017By

Vacant land holds countless possibilities. Perhaps you have dreams of building your own home or farm. Or maybe you are planning a business or subdivision. Buying vacant land can be a great way to create the property you want, especially if you’ve been searching for a long time and have come up empty. However, buying vacant land isn’t something you should rush into, especially if it’s your first time. With land purchase comes unforeseen expenses, zoning restrictions, and environmental factors. There are also closing costs to consider, such as land transfer tax. It’s important to make sure you know exactly what you are in for when purchasing vacant land. Here are some tips to make your purchase a success:

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Owning VS. Renting: Which Is Better For You?

Posted onDecember 06/2017By

It’s quite common to get frustrated when renting. After all, you’re paying often expensive rent each month, sometimes even putting work into the property, and while it does cover your accommodation, once you move out you’ve got nothing to show for it. If you own your home however, your monthly mortgage payments are similar to paying rent except they are going directly towards your own home: your own investment. Once you own your home outright, it’s a huge asset, especially in a city with such a high and competitive real estate market. Many people, if financially able, would choose owning a home as the money they put into accommodation goes directly into the property, their own investment. There are, however, considerations to take into account whether renting or owning. Depending on your lifestyle, owning may not be right for you even if you do have the cash for a down…

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