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Best Cities in Virginia for First-Time Homebuyers in 2025

Virginia offers diverse options for first-time homebuyers in 2025, balancing affordability and lifestyle. The blog highlights various cities that cater to different preferences, from urban centers to charming small towns. Potential buyers should consider a rent vs. buy cost comparison across Virginia cities to determine the most financially advantageous location for their first home, aligning […]

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Best Texas Suburbs for Families Seeking Top-Rated Schools and Low Crime (2025)

Thinking of relocating to Texas in 2025? Discover the best family-friendly suburbs offering excellent schools and low crime rates. This guide highlights top-rated family-friendly cities like Frisco and Allen, based on school district performance, safety, affordability, and overall livability, helping you find the ideal community in Texas. Why Families Prioritize Schools and Safety For families

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VA Disability Ratings Explained: What They Mean for Your Monthly Compensation

Wondering what your VA disability rating means for your finances, or how it affects your ability to qualify for a home loan or invest in property? If you’re a veteran, active service member, or a real estate professional assisting military clients, understanding how VA disability ratings work is crucial. This comprehensive guide will walk you

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Easement in Gross vs. Easement Appurtenant:

An easement appurtenant is a legal right tied to a specific piece of land (dominant estate), benefiting it while burdening another property (servient estate). This differs from an easement in gross, which benefits an individual or entity, not the land itself. Understanding these differences is crucial for buyers and investors as easements, including the legal

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Why Speed Matters: Closing Timeframes With Different Lender Types

Choosing the right lender significantly impacts mortgage closing times, which can range from 20 to 60 days. Direct and online lenders generally offer the fastest closings (20-40 days) due to streamlined, in-house processes. Big banks and credit unions are often slower (40-60 days). Speed is crucial for winning bids, protecting rate locks, and avoiding delays.

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How to Layer Community Seconds With First Mortgages (97% LTV Example)

Combining Community Seconds with a 97% LTV mortgage allows homebuyers to cover down payments and closing costs with minimal out-of-pocket expenses. A 97% LTV (Loan-to-Value) first mortgage requires only 3% down, and Community Seconds—subordinate loans from approved entities—can bridge that 3% gap, often pushing the Combined LTV (CLTV) up to 100% or even 105%. This

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Refinance a Chattel Mortgage? Options and Challenges Explained

Refinancing a chattel mortgage is possible, especially for manufactured homes. If the home is affixed to land, you may be able to refinance into a traditional mortgage, offering lower interest rates and longer terms. you may be able to refinance into a traditional mortgage if the home is affixed to land However, challenges include asset

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Easements Explained: What You Need to Know Before Buying Property

Easements grant a legal right for someone to use a portion of your land without owning it, placing limitations on your property rights as a homeowner. These are often permanent and “run with the land,” meaning they transfer with ownership. Common types include utility, right-of-way, and prescriptive easements, which can impact building, resale value, and

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How to Clear a Mortgage Lien If Your Lender Doesn’t File a Satisfaction of Mortgage

When you pay off your mortgage, the lender must remove the lien on your property. This is your lender’s obligation under the defeasance clause. If they fail to file a Satisfaction of Mortgage, you should send a formal request with proof of payment. If the lender remains non-compliant, you can file an affidavit with your

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What Happens After a Deed in Lieu? A Guide to Recovery and Next Steps

During what actually happens during the deed in lieu process, the homeowner voluntarily transfers property ownership to the lender, typically in exchange for being released from the mortgage debt, including a deficiency waiver. Immediately after, the homeowner vacates the property, and the deed in lieu is reported to credit bureaus, impacting scores less severely than

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