Blog How to Budget for a New Home So You Don’t End Up House Poor Andy Hill discovered he was house poor soon after he bought his first home in 2004. When Hill put 10% down on the 1,200-square-foot house in Royal Oak, Michigan, a suburb outside of Detroit, he was surprised to find out he had to pay private mortgage insurance, which initially was $158 a month.
Blog How to Find and Finance Bank-Owned Properties Home prices are still rising — they’re currently averaging just below all-time highs set in 2006, according to the Case-Shiller Home Price Indices. Combine that with slim housing inventory in many markets, and you may believe you’ve missed the opportunity to buy your first, or your next, home.
Blog 5 Ways to Improve Your Change of Mortgage Preapproval Let’s be real: Rejection hurts. It’s particularly hard if you’re denied for a mortgage preapproval, which is one of the biggest hurdles in the home-buying process.
Buyer and Sellers 6 Ways to Win a Bidding War If you’re shopping for a house in one of the country’s hottest real estate markets, where the supply of houses is low and demand is high, you may find yourself in a bidding war, with multiple offers pushing prices ever higher.
Finance Factors that Affect Home Prices Median home sale prices have risen on a year-over-year basis for 52 consecutive months. In June, they reached yet another all-time high. Sure, from a macro view, we all understand that it’s a matter of supply and demand — not enough homes for sale in the major employment centers.
Finance Mortgage Rates: Are You Getting the Best Mortgage rates are near all-time lows, and it might be hard to imagine them going even lower. But some loan experts say many banks aren’t giving borrowers the lowest rates they deserve.
Buyer and Sellers Don’t Sabotage Your Mortgage Pre-Approval! Homebuyers make a lot of mistakes that hurt their chances of getting a mortgage preapproval from their lender. You don’t want to join their ranks and sabotage your home purchase. To find out what those missteps are, we talked to two lending experts: Casey Fleming, a mortgage advisor with C2 Financial Corp. in San Jose, California, […]
Buyer and Sellers Get Top Dollar for Your Home! Potential buyers are now ready to move off the sidelines, mortgage preapproval letters in hand, for the chance to find their dream home. Housing inventory has been tight the last couple of years, which means more competition among buyers, especially during these busy months.
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