Many prospective home buyers across the country wonder with rising interest rates and home prices if they will be able to afford a home if they have a limited down payment. The Wells Fargo Neighborhood Lift Program in Kansas City is one program that will offer potential home-buyers in that area to buy a home… Read More »
Getting the best real estate agent to sell your home (also known as a listing agent) can be challenging if you do not know some important tricks of the trade. First of all, experts note that two of the biggest errors home sellers make when choosing an agent to sell their home is making their… Read More »
Have you noticed interest rates slowly rising this year? Just last month, Mortgage News Daily reported that interest rates for 30-year, fixed rate mortgages had crossed the 5% mark. Since then, rates have decreased to the 4.7% range, but the rates are much higher than they were last year. Also, housing prices across the country… Read More »
The real estate market across the country in 2018 and into 2019 is continuing to be hot. If you are considering buying a home in this market this or next year, below are some trends to be aware of. #1 Homes Are Still Selling Fast In February 2018, data from Realtor.com showed that homes were… Read More »
The evidence is in. It appears that higher mortgage rates of nearly 5% and overheated home prices in the Southern California area have led to a slowdown in sales in one of the hottest markets in the country. The number of new and existing condominiums and homes sold during the month of September dropped by… Read More »
The values of Americans’ homes are rising with the average increase approximately 7% more than last year. Some parts of the country are seeing double digit increases in value. If you want to sell your home soon, you may want to do some smart remodeling to increase your equity and property value. There are many… Read More »
Housing prices have been up this year by 7% on average across the country from a year ago. Determining when to sell your home can help you to get more money from the process and also reduce some of the stress. Below are some tips and tools to decide when the best time is to… Read More »
Selling your first home can be an exciting experience. Home prices are up, and there is a good possibility you can make a good profit by selling your home. The chances of selling your home for top dollar quickly rise when you know that you are working with the best realtor. To choose the best… Read More »
It is exciting to have a home built just for you. But most people are unfamiliar with owner builder home loans. Mortgage loans for new construction are a different animal, and if you want to build your home, it is smart to learn about this unique mortgage process. Find Lenders that Specialize in Owner-Builder Home… Read More »
If you want to buy your first home and have some flexibility about where to live, you may want to look at some of the hottest housing markets in the US. As you consider where to live and buy your first home, you want to look at factors such as job growth; affordability; vacancy rates;… Read More »
Home improvements are on a lot of minds in 2018. The housing market is hot, and home values are up by 7% overall from last year. To take advantage of new home improvement financing, rising home equity and property values, many home owners want to do home remodeling or repairs. With the Housing Markets Surging,… Read More »
Home renovation TV shows will usually paint a backyard pool in a positive light. But should you put in a swimming pool or spa in your home if you want to sell your home for more money when you put it on the market? Many experts say that if you want to have a pool… Read More »
Shopping for a house in the hot market in 2018 without a mortgage pre-approval is kind of like going shopping without your wallet. But you would be surprised how many people do not get a mortgage pre-approval before they get a home loan. It is important to have a pre-approval letter from your lender so… Read More »
Home buyers love 100% financing because it allows them to become a homeowner on a mortgage with no down-payment. Most first time house buyers relish the ability preserve their capital because there are many unseen costs when moving into a new home. As the US economy is improving, home prices and interest rates are climbing.… Read More »
Self-employed borrowers sometimes face more challenges when getting a home loan by stating their income. If you have an income that is more difficult to document, this can make it more difficult for the underwriter to approve your mortgage application and this is where the bank statement loan comes in. The reason is that mortgage… Read More »
After the last financial slow down, getting a mortgage with poor credit was difficult. The federal government cracked down on lending and lenders got scared too extend credit on home loans to any but the best borrowers. While too much lax lending practices went on during the last real estate boom, the over-correction probably went… Read More »
Potential home buyers who want to get a manufactured home often wonder how easy it will be to get financing for these properties. While home loans for manufactured houses are not as plentiful as regular homes, there are still some options available, including from government backed home loan programs such as FHA. Most people are… Read More »
There are many reasons to buy your own home and stop renting. But there are many factors to consider before deciding to make the plunge into home ownership. It worth considering this question carefully; one of the reasons for the last financial downturn was too many people had mortgage they could not afford. When millions… Read More »
How does one go from dreaming about owning their first home to holding a set of keys your hands? After all, one of the most challenging parts of buying a home for the first time is coming up with a down payment without any existing equity. Fortunately for you, there are thousands of down payment… Read More »
If you are new to the entire home buying process, you might be intimidated by the entire idea. The thought of finding a home, getting a mortgage and paying for closing costs can be overwhelming. But if you know what to expect, the home buying process is not that complicated. Here is some helpful advice… Read More »
Most Americans do not begin the home buying process with the idea of buying a for sale by owner (FSBO) property. But you may find that a for sale by owner property could be your dream home. If you see such a home and love it, should you consider buying it or moving on? There… Read More »
First time home buyers who are looking for a tax credit could be thinking of the federal program enacted under President Obama. Unfortunately, that program ended several years ago and the 2018 first time home buyer tax credit does not exist. It was enacted in the aftermath of the last financial crisis to help first… Read More »
Some home buyers looking for a good deal in the Trump era of rising home prices may consider buying a short sale. If you are looking at a property that is listed well below the market value for that neighborhood, you should talk to your real estate agent to determine if it is a short… Read More »
People who are shopping for a more expensive home, especially in a higher cost of living area, may consider a jumbo mortgage program. A jumbo loan is a type of mortgage where the amount is more than the conforming loan limits established by the FHA. So, unlike a conventional, conforming loan, it may not be… Read More »
Home prices are continuing to rise in 2018, and inventory in many areas is shrinking. If you are a first-time house buyer in a tight market, you may have many people bidding on the same house you are. How do you make your offer stand out and to be the strongest among them all? Here… Read More »
Your credit score is an important factor that mortgage lenders consider when you want to get a first time home loan with a poor credit history. But if you find that you have a lower score than you would like and want to buy a home, there is still hope for you, don’t worry. We… Read More »
Much higher home prices in the big cities on the east and west coasts traditionally are the norm, such as in New York and San Francisco. But regarding the housing market in 2017, these hot markets are not necessarily the best places to buy a home. According to Zillow, some of the best places to… Read More »
Starting a business to fix and flip home for a profit can be an excellent way to grow wealth in real estate. One of the biggest challenges for people starting in this business is to qualify for a fix and flip loan to get you started. It is easiest to get funding for fixing and… Read More »
President Trump in September 2017 released a tax plan that could bring major changes to the housing and mortgage industries, including in California. To understand how your home buying and/or refinancing could be affected in California, keep reading for the most up to date information. Doubling of the Standard Deduction One of the major changes… Read More »
Interest rates are very low and house prices are going up, so many people are deciding to buy a home in 2018. But how many of us are worried about funding that down payment? The process of buying a home can be emotionally and financially stressful, so getting help with down-payment assistance can be a… Read More »
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