A chattel loan is for personal property, unlike a traditional mortgage for real estate. The blog explains how chattel mortgages work for movable assets like mobile homes or equipment, using…
Upon mortgage payoff, a Deed of Reconveyance legally removes the lender's lien in trust deed states. It's crucial for clear title. If your lender doesn’t issue or record it promptly,…
An amortization schedule details each mortgage payment's breakdown into principal and interest. It reveals that early mortgage payments go mostly toward interest due to compounding, as interest is calculated on…
A Deed in Lieu of Foreclosure involves voluntarily transferring property ownership to the lender to avoid foreclosure. It's crucial to consider all legal and tax implications before choosing this option.…