Help Sell My Home Fast: Should I Sell My House and Carry the Contract?

September 21, 2012

in Tips When Selling a Home | Tagged , , , , , , , , , , , , ,

In slow markets, when homes just don’t seem to move as quickly as we’d like them to, offering seller financing may be the key to getting a home sold. With the sluggish real estate market of the last few years, seller financing has been dramatically increasing in popularity, but is it a smart move for [...]

How Your Credit Score Affects Your Mortgage Rate

September 14, 2012

in Home Buying Guide, Mortgage Interest Rates | Tagged , , , , , , , , , , ,

Credit checks are a necessary part of applying for any loan, but they are especially important during two stages of the loan process: on the day you apply for a mortgage and shortly before closing on the loan. The first credit check is to ensure that you pay your bills on time and have sufficient [...]

How to Buy a House Debt Free

July 6, 2012

in Home Buying Guide | Tagged , , , , , ,

Really want to own a home of your own, or take advantage of the many great real estate investment opportunities available right now, but don’t want to join the ranks of the millions of underwater homeowners out there or have the stress of meeting a mortgage payment every month? The Pros and Cons of Saving [...]

What is Mortgage Life Insurance?

June 15, 2012

in Home Buying Guide | Tagged , , , , ,

The pitch is typically delivered on a postcard that arrives in the mail. Look closely – it’s most likely from your bank, not your insurance agent. The come-on: If you die (sad music in the background), your family will be forced out of their home if they can’t make the mortgage payment. Ah, but wait. [...]

Housing Starts Drop, but Home Builders are Optimistic

January 20, 2012

in This Week in Real Estate | Tagged , ,

Housing Starts Drop in December Some chilling news for the housing market. In December, builders broke ground on fewer homes than what analysts had expected, dampening enthusiasm about a quick market turnaround. Housing starts fell 4.1 percent to a 657,000 annual rate, according to the Commerce Department.  Analysts polled by Bloomberg were expecting an annual [...]

Is it Worth Paying Points On a Mortgage?

October 19, 2011

in Home Buying Guide, Negotiating House Prices | Tagged , ,

When financing a home purchase or refinancing a current home, you have to make a number of decisions. You will have to choose from among a half dozen different mortgage types available to you. Regardless of which type of mortgage you choose, you’ll be faced with another question: should I pay points? Points, or discount [...]

Real Estate News: Do We Need Freddie Mac and Fannie Mae?

September 16, 2011

in This Week in Real Estate | Tagged , , , ,

There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie [...]

Can I Lower My Interest Rate for Mortgage with Bad Credit?

August 14, 2011

in Home Buying Guide, Mortgage Interest Rates | Tagged , , ,

One of the hallmarks of the American dream is home ownership, but gone are the days when banks were willing to offer low interest rates for mortgages with bad credit. At the height of the real estate bubble, it wasn’t uncommon for mortgage lenders to use creative financing to lend money to individuals with bad [...]