TItle Seasoning means the length of time you own the property. Most lenders like to see one year of title seasoning, or one year of ownership. Title seasoning is a mortgage term that brokers use because many lenders require one year of ownership, which is more stable in terms of value, rather than buying a house dirt cheap and fixing it up and selling it for a profit. Lenders are wary on rehabs, because the value jumps up so quickly in such a short amount of time.
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TItle Seasoning means the length of time you own the property. Most lenders like to see one year of title seasoning, or one year of ownership. Title seasoning is a mortgage term that brokers use because many lenders require one year of ownership, which is more stable in terms of value, rather than buying a house dirt cheap and fixing it up and selling it for a profit. Lenders are wary on rehabs, because the value jumps up so quickly in such a short amount of time.
Where are the moderators? This was an easy one.
Thank you.