What is an unclassified loan?
Classified loans represent a potential default risk.
3 min read
Sep 30, 2022
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AJ Dellinger is a contributing writer for Bankrate. AJ writes about auto loans and real estate.
AJ's Latest Articles
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Is paying off Chapter 13 bankruptcy early a good idea?
It seems smart to pay off Chapter 13 bankruptcy early, but there’s reason to wait.
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What is mortgage insurance? Here’s what it is and how it works
While mortgage insurance primarily benefits the lender, it does serve a purpose for the borrower.
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Selling your house after 1 year or less
Circumstances can change in periods of economic instability and uncertainty — sometimes very quickly.
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What is the right of first refusal in real estate?
This contract language can be quite valuable to renters who wish to become homeowners.
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What is an appraisal gap, and is it a deal breaker?
If a home’s purchase price and appraised price do not align, it can cause problems when it comes time to finalize the sale.
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What is a building inspector?
They’re pros who have the power to delay or shut down the building of your dream house.
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Contingent vs pending: What’s the difference?
Both mean a home is in contract. Find out which one means you still have a shot at it.
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What is an investment property?
It’s real estate purchased for a financial return. Here’s how to pick a money maker, vs a money pit.
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Grantor vs grantee: What’s the difference?
They’re the two sides of a real estate transaction: seller and buyer. And their rights can vary.
4 min read Aug 23, 2022 -
Home appraisals: Are they the best home valuation model?
They’re key in determining how much you should spend, and how much you can borrow.
4 min read Aug 23, 2022 -
How to price your home for a perfect sale
Finding the sweet spot is a process, but you can set the perfect asking price with a bit of research. Here’s how.
4 min read Aug 23, 2022 -
Real estate brokers: What do they do?
Real estate brokers can do everything agents can do, and then some.
4 min read Aug 22, 2022 -
Homebuyer cancellations are on the rise. How can sellers protect themselves?
With the economy in flux, cancellation rates among homebuyers are running high. What can sellers to do protect themselves?
3 min read Aug 17, 2022 -
How long does an appraisal take?
The appraisal is a lengthy but important step in making sure a property is actually worth the sale price.
3 min read Aug 16, 2022 -
Comparative market analysis in real estate
Whether you’re selling or buying a home, a CMA helps give you a feel for the fair market value of the property.
6 min read Aug 16, 2022 -
What is a mortgage forbearance agreement?
Borrowers can request forbearance when there’s a change in their financial situation.
4 min read Aug 16, 2022 -
What is an encumbrance?
And should it be a deal-breaker when buying a home? How to decide if it’ll encumber you.
5 min read Aug 09, 2022 -
Should you buy a house during a recession?
If the country is headed toward a recession, how might that affect the housing market? Find out what the experts think.
4 min read Aug 09, 2022 -
What is asking price in real estate?
An asking price is a starting point for the sale of a home, but it is not the end of the conversation.
3 min read Aug 08, 2022