The Abrams Group

Some states have a real estate contract provision called the active option, or option period. This gives the buyer a designated time period to inspect the property and decide whether to move forward with the sale. Here's how they work.

What is an Active Option Contract? Real estate sales contracts in Texas and several other states include a provision known as the active option. Here’s how a contract works.

The standard form every mortgage applicant completes is the Uniform Residential Loan Application. For first-timers, the form can be intimidating. Knowledge brings power, or at least some comfort, so read about this important application here.

Understanding the Uniform Residential Loan Application When you apply for a mortgage, your lender will have you complete the Uniform Residential Loan Application (URLA). Being informed helps relieve confusion.