Not exact matches
When the original
homeowner passes, the process afterwards is similar to the process required
with a regular
mortgage loan, according to Heather Chubb, a life
transitions lawyer at The Chubb Law Firm.
These
homeowners don't expect to be in the same house or
with the same
mortgage for very long, so the 5 - 1 Hybrid loan ensures five years of a good rate and predictable payments,
with the possibility of
transitioning into a better rate down the road.
Mortgages exist in an entirely different dimension than the average apartment lease, so if you're looking to make the
transition from renting to buying, get to know your home lending basics, and more, to to remove all doubt and proceed
with confidence as part of the
homeowners club.