How to Figure House Equity When Settling an Estate
When property changes hand due to the death of the owner, there is plenty of paperwork involved. The trustee or executor needs to value the assets to determine if estate tax is due. Heirs may want to sell the property or use it as collateral for a loan, and you will need to ...
How Does Homestead Exemption Work?
Claiming a homestead exemption can provide property owners with an opportunity to save money on their property taxes. In the event of unfortunate financial circumstances, such as bankruptcy, these ...Read More
How to Borrow Money From House Equity
Home equity is a financial asset you can use to raise money. Equity is the difference between your first-mortgage balance and the market value of your house. If you had a $150,000 mortgage balance on ...Read More
Mortgage Equity Appraisal Method
One of the many benefits of home ownership includes earning equity value over time, and you can tap into that equity with a second mortgage loan. Many homeowners choose to take out a mortgage against ...Read More
Reverse Annuity Mortgage Pros & Cons
Seniors with equity built up in their homes can take advantage of the reverse annuity mortgage to get a home equity loan and use the funds to purchase a payout annuity and generate additional ...Read More
How to Maximize the Equity in a Home
For the average person, your home may be your biggest single investment and one of your largest opportunities to gain wealth. Your home equity can be tapped in retirement, either through reverse ...Read More
How Is Housing Equity Calculated?
Home equity is the portion of your home’s value that is free from liens and mortgages. If you sell your house and pay off these debts, you would walk away with an amount of cash that is about equal ...Read More
Does Property Size Increase Home Value?
The National Association of Realtors' code of ethics opens with the grandiose statement that "under all is the land." When it comes to your home's value, nothing could be both more and less true at ...Read More