Mortgage - Buying your first home?
Home Financing, Mortgage advice and information.
If you're in the market for a condo, picking a unit that will be easy to resell down the road is a critical consideration. You need to consider the location, layout and amenities that will appeal to potential buyers when you're ready to move on.
August 27th 2015
A low home appraisal causes a home sale to fall through about 9% of the time. Be smart about challenging an appraisal you think misses the mark.
August 25th 2015
Deals on foreclosures are still out there. But they're not as easy to find as they were a few years ago and you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.
August 23rd 2015
Dodging these pitfalls will make you a happier home buyer now and more satisfied home owner down the road. You'll know that you got the best possible mortgage and won't be overwhelmed by unexpected costs.
August 22nd 2015
Here's a checklist of what you'll need and it's extensive — W2s, pay stubs, bank statements, tax returns, brokerage statements and more. It's never too early to start a file and fill it up.
August 21st 2015
you don't make a 20% down payment you'll be required to carry private mortgage insurance, or PMI, Although you're the one who must pay monthly premiums for this coverage, it protects the lender, not you.
August 20th 2015
Although the number of short sales has fallen, they remain plentiful in some states and you can still find some serious bargains -- the major reason any buyer messes with the arduous short-sale process.
August 15th 2015
Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.
August 13th 2015
It's not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments, to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.
August 10th 2015
Home loans are cheaper than they were last summer, defying expectations that they would become more expensive as the Federal Reserve ended its campaign to drive down long-term interest rates. Jumbo loan rates even hit a record low this spring.Source: www.interest.com