WHAT IS A REVERSE MORTGAGE? DO I NEED A REVERSE MORTGAGE?
What is a reverse mortgage? A Reverse mortgage is a mortgage lien placed on your house to secure a promissory note for money a lending company lends you, which is no different than a regular mortgage. The difference is that with a Reverse mortgage there are no required monthly payments. Your obligations when you have… Read More »
PURCHASING OR SELLING A HOUSE IN CONNECTICUT – Part 2: Important Provisions in your Offer and Contract
PURCHASING OR SELLING A HOUSE IN CONNECTICUT – PART 2: IMPORTANT PROVISIONS IN YOUR OFFER AND CONTRACT Part 2 – Important Provisions in your Offer and Contract As explained in Part 1, an offer to purchase real estate is often made on a contract form, with much of the standard ‘boilerplate’ contract language already completed…. Read More »
SHOULD I TRANSFER MY HOUSE TO MY KIDS?
SHOULD I TRANSFER MY HOUSE TO MY KIDS? This question, in its various forms, is a regular question amongst most elderly people. The question is short and straight forward. The preparation of the deed (Quitclaim Deed) is easy and fairly inexpensive. Not discussing the potential implications of such a simple transaction with an attorney prior… Read More »
PURCHASING OR SELLING A HOUSE IN CT – Part 1: Overview of Offer
Part 1 – Overview of Offer Buying or selling a home is usually the single largest transaction a person will make, and a consumer should be informed and educated about the process. There are many professionals involved in each real estate closing, including the real estate agent, the loan officer or mortgage broker, the inspector… Read More »