How to Get a Mortgage Loan for a Fixer
Here’s a clever real estate dictum for you: Don’t buy the best house in a bad neighborhood; buy the worst house in a good neighborhood. There are several reasons for this rule, but the main one has to do with property values, which are determined in large part by the surrounding homes. If you buy […]
Factors Affecting Mortgage Interest Rate Changes
October 11, 2013
in Mortgage Interest Rates Tagged bank, Federal Reserve, investors, loans, mortgage, mortgage interest ratesThere’s more to the cost of owning that dream home than the price the seller is asking for. The interest rate on your mortgage loan affects the price and how much you’ll pay every month to your mortgage company. Comparing mortgage interest rates is important because they may change daily, and different rates may be […]
Is a Debt Consolidation Home Equity Loan Right for You?
November 2, 2012
in Mortgage Loans Tagged consolidation, debt, equity, interest, loan, loans, mortgage, rates, refinance, refinancingMaybe you’ve indulged in impulse shopping one too many times or actually found yourself in an emergency where paying with a credit card was the only option. Either way, if you’re a homeowner who is struggling to pay those monthly bills, debt consolidation could make sense for you. Homeowners who have equity in their homes […]
Help Sell My Home Fast: Should I Sell My House and Carry the Contract?
September 21, 2012
in Tips When Selling a Home Tagged contract, financing, homeowner, lender, lending, loan, loans, mortgage, owner, property, real estate, sell, seller, sellingIn 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 […]