Tag Archives: house

Could You Sell Your Home if You’re Not Done Paying Off Your Mortgage?

a houseA home loan’s repayment period is usually anywhere from 10 to 30 years, but a lot of things could occur in that span of time. Perhaps you want to relocate, or you need a smaller or bigger home, or simply feel that your current home isn’t right for you. While these are perfectly good reasons to sell your house, would it be possible for you to sell even if your house is still under a mortgage?

How Much Do You Still Owe on Your Home Loan?​

Essentially, the only thing standing in your way from selling your house before completely paying off your home loan is your mortgage lender since technically speaking, your lender still owns your house. This means that your mortgage lender in Salt Lake City could foreclose on your house, repossess it, and sell it to compensate for your loan balance if your default on your home loan.

What are Your Options?​

The best way to sell a house under a loan is to try to sell it for an amount that’s higher than your mortgage balance. Most lenders would be willing to approve a sale if they’re 100% certain that you would use the proceeds of your home sale for repaying your loan balance. Once you’ve paid off your balance, you could then use the remainder of the sale proceeds for whatever you want, perhaps as down payment for a new home.

On the other hand, if your house is worth less than your home loan balance, you could try negotiating with your lender for a reduced payoff amount once you sell your home. Depending on your particular circumstances, your lender might also be willing to allow the buyer of your house to repay your loan balance. However, the buyer would need to meet very stringent credit and income requirements to make sure that he or she doesn’t default on the mortgage.

Knowing your circumstances and options would help you make more informed decisions, particularly if you have issues on your house or your mortgage. Your best recourse is to speak to your lender directly to determine how you should go about selling your home, provided that your lender allows you to.

Requirements for Buying a Home in the Philippines

a construction of a houseBuying a home is a financial and legal transaction in any country, and Philippine housing expert landestimate.com.ph explains that any buyer should have a copy of the pertinent documents before purchasing land to let a lawyer help in verifying documents and transactions.


There are several documents which are necessary for the purchase of a property. The first is the Offer to Purchase which is also called the Letter of Intent. It states that the buyer wants to buy the property at a certain price.

For new subdivisions or those still in the pre-selling stage, there is also the Reservation Agreement. It states that the buyer has given a certain amount of money as a reservation fee and is credited to the selling price when the property becomes available for sale.

The Contract to Sell states terms and conditions for the purchase of the property, including timelines and cost. The Letter of Guarantee is a bank document stating that the buyer has been approved for a loan, which will be used towards the purchase of the property.

The Deed of Absolute Sale is filed with the Registry of Deeds after the seller receives payment. The deed becomes the basis for the Certificate of Title. Once the payment is finalized, the ownership of the property goes to the buyer, and the Certificate becomes proof of full payment and ownership.


There are some restrictions for owning property in the Philippines. The most important consideration is citizenship. The buyer has to be a Filipino citizen or a natural-born Filipino. The determinants of this clause include the date of birth, citizenship of the child’s parents at the time of birth, and other factors. When in doubt, the buyer should seek the advice of a lawyer to clear up any legal matters regarding citizenship and the right to buy and own real property. For foreigners, they would have to seek the services of a lawyer to buy real property.

Buying a house or any real estate goes beyond the financial considerations. It is a legal transaction which has to be filed with the regulators and land records office. As a legal undertaking, it is best to seek a lawyer’s expertise.

Things to Consider When Hiring House Painters

An industrial painter using professional equipmentCommercial painting is a trend that many homeowners are now doing for their properties. Professional painters for interiors are now a popular additional service that homeowners expect. The kind of paint you choose for your building speaks volumes about you and your home. Before settling on colour, it is important to consider a few things.

Reputation of the commercial painters

Choose commercial painters in Wellington that are known for their expertise and professionalism. Aside from asking for referrals from your friends and family, and check websites for the kind of services they offer.

Professionals know which materials would suit your property’s material, whether it is wood, steel, or a combination. They also know the proper layering of paint to protect it from things that could destroy your home.

Enhances your house’s durability

Painting a house protects your property from the weather and even termite infestation. Professional painters would know what kind of paint to use for your home’s siding or construction material. A fresh coat of paint protects your property from the vagaries of the weather.

If you use wood as your home’s building material, paint can prevent the growth of mould and mildew on your property. Rain and dew can soften the wood, and this, in turn, could lead to mould and mildew growth.

Improve your home’s kerb appeal

Hiring professional painters for your home could help improve its kerb appeal and even help increase its value. If you improve your home’s exteriors, even if you don’t plan to sell it soon, it can help make your property more valuable.

If you want your home to increase in value and be more durable against the elements, you should hire professional house painters in Wellington to make sure that you achieve these things.

4 Cozy Things You Need for Your Bedroom

BedroomWhen it comes to bedrooms, it’s best to keep the comfort of the occupants in mind when buying furniture and beddings. After all, this is where you and your family will sleep for many nights. Here are some items to make your bedroom even cozier than it already is:

Bamboo Sheets

A bamboo sheet is strong and soft at the same time, and it can last a long time. Cozy Earth recommends buying either a king- or queen-size bamboo sheet and enjoy the comfort it provides for you and your family.

Oil Diffuser

The use of natural oils in the bedroom is not only a fad that will fade away. It’s scientifically proven to aid in relaxing the mind, so you can sleep better. It elevates the mood and aids the breathing process as well. The oil diffuser is the most effective way to maximize the benefits that these natural oils can give to the occupants of the bedroom.

Linen Duvet

Normal duvets are already a big help in making the bedroom cozy. How much more if the material the duvet is made of is linen? Linen is known to be helpful as they retain cooler temperature far longer than most fabric.

Body Pillow

Who says pillows are only for the head? Body pillows combine the concepts of beds and pillows in one, extending the comfort our heads usually experience to the other parts of our bodies. With body pillows, you can rest right and for the first time in a long time — enjoy the sleeping process.

Use the products above to ensure that you will have a good night’s sleep on a consistent basis.

The Trap of Foreclosed Homes and What You Can Still Do

Foreclosed PropertyHomeowners who failed to pay their mortgage feel the pressure to vacate the property soon. While this is ultimately the move they have to make, they actually have a number of rights they should always keep in mind.

According to Bank’s Don’t Care, there is an illegal trend today where banks forcefully evict the homeowner way ahead of time. So, if you’re in the same situation right now, don’t let this happen.

Read on to learn more about what you can do during the inconvenient process of foreclosure.

If You Don’t Have Anywhere to Go, Then Don’t Go So Soon

A foreclosure may either have a lawsuit behind it or not. But, no matter what the case may be, you have the right to stay in the house during foreclosure. As long as no final verdict has been given, you can remain in the home because it’s your right as the current owner.

If You Already Left, It’s still Possible to Reserve the Property Back

Once you abandon your home, this is the time where the lenders will start securing the property. Typically, the lender will do the following things to make sure you can’t just stroll back in:

  • Make on-going repairs
  • Change the locks, doors, and padlocks
  • Replace access doors and windows
  • Cut the water and electrical connection

The lender has the right to do anything with the property through the use of the mortgage. But, if you have the capability to cut in a deal midway, it’s possible to reclaim everything back.

On Hiring Field Service Firms to Your Advantage

To prevent your home from opening to the market, hire a field service company. With this, they can enter into official contracts with the mortgage lender to do the following:

  • Provide investigation to know whether a home is vacant
  • Declare the current status of a home

If there are traces of occupancy left, and there’re also repairs going on, they can stall the selling of the house. During this time frame, you can prepare enough funds to buy back the house.

In the event of foreclosure, keeping your peace of mind and confidence is the key. Remember these rights and with enough effort, you can overcome this problem one way or another.

The Most Overlooked Facts About Roof Restoration

Roof Repair Service

Roof Repair ServiceThe condition of the roof has an effect on the general appearance of your home or commercial property. In case you’re thinking about selling your house, the condition of your roof is likely to raise or lower its price significantly. In commercial cities, the condition of the building provides a great impression on your clients.

But, there is more to roof restoration than that. Here are some of its untold benefits:

Improved Value

For many people, buying a house is a complex process because of the considerations put in place. The location, design, size, cost and the colour of the building determines the exact house you are likely to buy. After, the initial purchase, the idea that you may sell your building for another one is not likely to cross your mind. Fixing the broken roofs and repainting the pale roofs improve the aesthetic value of the property as well as its resale value.

Reduced Cost of Repairs

Other than giving the structures an attractive appearance, Permacoat says well-maintained roofing offers protections to the walls and the valuables below. Checking for possible leaks in the joints allows you to spot and stop potential damages that come with persistent cracks. Exposing your walls to rainwater causes damage to the paint that increases repainting frequency and the costs. It’s also likely to cause massive destruction to household items during rainy seasons.

Safe Drinking Water

Globally, harvesting and storing rainwater is a common practice aimed at ensuring access to clean water. In the absence of reliable piped water, many people depend on rain water for their household requirements. Rainwater trapped from old leaking roofs is not safe for human consumption, as it is likely to carry heavy metals and scratched paint to the reservoir. During the restoration process, all the defects are treated leaving a smooth surface that does not interact with the passing drops. Improve the health of your drinking water through roof restorations.

These are only some of the ignored benefits of roof restoration. Ask your contractor how they can improve your roofing system.

Moving Home with a Senior: Guide to a Stress-Free Move


movingPerhaps it’s for a better job offer. Maybe you want to get over someone. Or, you probably just want some adventure.

Whatever the reason, moving into a new home can be frustrating at some point. But what more if you’re going to relocate with your elderly parents? The process can be discouraging, indeed. That doesn’t mean, though, that you can’t make the whole process worry-free.

As AAA Bargain Removals puts it: “Moving house is often an incredibly stressful experience, whether you are doing it yourself or if you’ve got a small army of furniture removalists you’re paying to do the heavy lifting. However, there are ways to make it less stressful on you and your family.”

Have the Tough Conversation

Most elderly parents get too emotionally attached to their homes, which makes moving difficult. Therefore, before it’s too late, start the tough conversation with your mum and dad. Let them know why you all have to move and make sure they understand how the process can benefit them. Give them enough time to sulk in sadness. In addition, give your parents as much choice as possible.

Get Started Early

You may think this is a no-brainer, but a month or two can arrive faster than you realise. This is the reason you have to plan ahead. Start downsizing, sort things, organise everything and get rid of unnecessary items. This will save you from the stress in the long run.

Consider the Distance

Can your parents endure a long-haul travel? If you are moving far away, think about the comfort and safety of the trip. Ensure your ageing parents that the move will be successful. Make sure that you and the removal company knows the route.

Keep these strategies in mind to effectively ease the stress of moving home with an elderly loved one. With smart planning and by knowing your priorities, you can make the process as smooth as possible.