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.
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.