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Paying off your mortgage means that you have 100% equity in your home and no longer have to make monthly loan payments to your lender. ... You own your home free and clear.
You finally own your home free and clear. And now, you want to put that ownership stake to use. ... Your home is an asset, and you can make it work for you. And when you own it free and clear, its ...
In property law, the term free and clear refers to ownership without legal encumbrances, such as a lien or mortgage. [1] For example: ...
In real estate, clear title and clean title are used interchangeably to refer to a home title that is free of liens or other issues. Yes, it’s possible to buy a home without clear title, but it ...
Clear title is the phrase used to state that the owner of real property owns it free and clear of encumbrances. In a more limited sense, it is used to state that, although the owner does not own clear title, it is nevertheless within the power of the owner to convey clear title. For example, a property may be encumbered by a mortgage. This ...
The homeownership rate in the United States [1] [2] is the percentage of homes that are owned by their occupants. [3] In 2009, it remained similar to that in some other post-industrial nations [4] with 67.4% of all occupied housing units being occupied by the unit's owner.
The percentage of your home that you own outright is called your ... they wanted to own their home free and clear. Indeed, having home equity debt can complicate things if and when you go to sell ...
Rent-to-own. Sometimes called a lease-to-buy program, ... particularly if the seller owns the home free and clear. Seller or owner financing is similar to a traditional mortgage, but rather than a ...