About Bret Temple Expertise I can answer any question that pertains to Real Estate Finance, both in Residential and commercial Real Estate. This includes questions on Financing the purchase of a new home, refinance, debt consolidation, 100% Financing Loans, FHA, VA, and pers/Sters Loans as well just to name a few.
Experience I have over 10 Years in the Mortgage Lending Field, working as both a Banker, and now currently owning my own Mortgage Brokerage Firm. I specialize in working with Family Law Attorneys, Estate Attorneys, and First Time Home Buyers, although I don't limit myself, and welcome any kind of client in need of financing. Because I also Interned at Merrill Lynch, I have thorough knowledge of Financial Planning and utilize that knowledge when helping someone to find the proper loan to suit their needs. I am also qualified to assist clients in credit counseling, at no charge to them at all.
Organizations Southland Regional Association of Realtors
Education/Credentials Bachelor Degree in Business Administration (emphasis on Finance)
California State Real Estate License
Awards and Honors Highest Producing Agent 2004, 2005, 2006
I have a mortgage, where when the co-owner passes, his ownership passes to the living co-owner. I can't remember what this is called. Do you know? Also, since ownership passes to the surviving co-owner, wouldn't this avoid one having to go through probate?
Answer Hi kee,
The type of ownership you are speaking about is called a Joint Tenant agreement. In this agreement two primary owners each own 50% of the property and have the right to the other 50% if one should pass away. Technically, you would not need a Will or Trust to pass the surviving ownership of the property to the other rightful owner. However, in the case that someone owns a house and has money to pass on to heirs, I always recommend a Will or Trust just in case. Speak to an appropriate lawyer to set that up.
About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
