by ID Mortgage Broker Team | Jun 3, 2026 | Uncategorized
Key Takeaways: An absentee owner is someone who holds the title to a property but does not live there as their main residence. This includes owners of rental homes, vacation houses, and properties that were inherited or bought as out-of-state investments. If you have...
by ID Mortgage Broker Team | Jun 2, 2026 | Uncategorized
Key Takeaways: The amount of equity protected ranges from $361,076 to $722,507 and depends on the median home price in your specific county. You receive the California homestead exemption automatically as long as you own the home and use it as your primary residence....
by ID Mortgage Broker Team | May 28, 2026 | Uncategorized
Key Takeaways: Most people can apply for a mortgage two to four years after bankruptcy, depending on whether they filed for Chapter 7 or Chapter 13. Government-backed options like FHA and VA loans often allow you to buy sooner than conventional mortgages if you meet...
by ID Mortgage Broker Team | May 27, 2026 | Uncategorized
Key Takeaways: A short sale occurs when a homeowner sells their property for less than the total amount owed on their mortgage. Understanding what a short sale in real estate is important because the lender must give written permission to accept the lower price and...
by ID Mortgage Broker Team | May 23, 2026 | Uncategorized
Key Takeaways: Raising your credit limit is an effective way to lower your credit utilization ratio, which can boost your credit score and help you qualify for better mortgage terms. Lenders are more likely to approve your request if you have a history of on-time...
by ID Mortgage Broker Team | May 21, 2026 | Uncategorized
Key Takeaways: A warranty deed is a legal document that transfers property ownership while guaranteeing that the seller has a clear title and the right to sell the home. It differs from a deed of trust because it focuses on ownership rights, while the deed of trust is...
