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  2. What is a clear title? How to check if a property has one - AOL

    www.aol.com/finance/clear-title-check-property...

    If you're buying a home with a mortgage, your lender will require a title search to ensure a clear title. ... local property records office or do an online search for the property’s title ...

  3. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    A full coverage search is usually done when creating a title report for sale/resale transactions and for transaction that involves construction loans. It generally includes searches related to property lien, easements, covenants, conditions and restrictions(CC&Rs), agreements, resolutions and ordinances that will affect the real property in question.

  4. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    That said, many first-time buyers go with a 30-year, fixed-rate mortgage because the monthly payments are lower and more predictable. Two popular 30-year fixed-rate choices: conventional loans and ...

  5. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    Fee simple value (known in the UK as freehold) – The most complete ownership in real estate, subject in common law countries to the powers reserved to the state (taxation, escheat, eminent domain, and police power) Leased fee value – This is simply the fee simple interest encumbered by a lease. If the lease is at market rent, then the ...

  6. Title insurance - Wikipedia

    en.wikipedia.org/wiki/Title_insurance

    Title insurers conduct a title search on public records before they agree to insure the purchaser or mortgagee of land. Specifically, after a real estate sales contract has been executed and escrow opened, a title professional will search the public records to look for any problems with the home's title.

  7. First-Time Homebuyer’s Guide to Mortgage Loans ... - AOL

    www.aol.com/first-time-homebuyer-guide-mortgage...

    First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...

  8. How to compare lenders for first-time homebuyers - AOL

    www.aol.com/finance/compare-lenders-first-time...

    First-time buyers may find that they need to pay for mortgage insurance, which covers the risk associated with financing their loan, if they put down less than 20 percent on their home. In the ...

  9. Housing and Economic Recovery Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Housing_and_Economic...

    The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.

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