Posts Covering Real Estate

Types of homes and how they affect your mortgage

Types of homes Different types of homes qualify for different mortgage loans and rates. The main types of homes you can buy are: single family residence manufactured home condominium cooperative (co-op) townhouse multi-unit (2-to-4 unit) properties So how does this work in practice? Your loan availability and what you pay for it depends in part […]

You want to fire your real estate agent. Can you do that?

If your real estate agent isn’t getting the job done, you may wonder: Can you fire your real estate agent? And how do I go about it? Here’s what you need to know.

Home flipping near 12-year high: Here’s how you can benefit

Home flipping could be your key to owning a home Home flipping tips for a successful investment: Save a significant down payment Be patient, and look for a true bargain Build in a 20 percent cushion for your costs Home flipping is still a (better) thing Eager to have a home of your own? Here’s […]

Making an offer on a home without seeing it first

Making an offer on a home is challenging enough if you have seen it. But what about if you haven’t? Here’s how to compete in a seller’s market while still protecting yourself.

Considering a home with a long commute? Don’t drive yourself crazy

Considering a home with a long commute? Reconsider, for the sake of your wallet, your health and your sanity.

5 steps to finding the best-value homes for rent — and getting one

To get the best homes for rent, you need to be an attractive prospect for landlords. Check your credit and clean it up or at least explain any blemishes Get references in advance Choose property you can afford so they know you’ll be able to pay on time Rental housing: Get the most for your […]

Don’t be a victim of mortgage fraud

Mortgage fraud: unlikely, but possible According to the FBI, you are not the most likely victim of mortgage fraud — most cases are perpetrated by borrowers against mortgage lenders. Often those involve exaggerations, white lies or outright falsehoods on loan applications. Should you lie on your mortgage application? However, mortgage industry professionals who abuse their […]

What mortgage rate history can tell us about the future

How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]

Tips for landlords: why landlords should consider a blanket mortgage

A mortgage for residential landlords Are you unfamiliar with the term “blanket mortgage?” Don’t worry. Plenty of professionals in the financial sector have never been near one. And they know little more about them than you do. But if you invest in real estate — perhaps as a residential landlord — you may find a blanket mortgage […]

Tips for landlords: Beware of tenants who are identity thieves

Tips for landlords: how to avoid tenants who are identity thieves

One more reason to buy rental property: tax cuts for landlords

New tax cuts for landlords mean that if you don’t actively manage rentals yourself, the government has a present for you in the form of a 20 percent deduction.

How much you need to make to buy a home in 12 major cities in the U.S. [Infographic]

Home affordability varies drastically depending on location One thing new home buyers wonder is “How much income do I need to buy a home?” The answer, as with everything in real estate is “it depends.” Buying a home is quite affordable in some areas, requiring an income of less than $30,000 annually, assuming 20% down. […]

Small house, smaller down payment: how to get the home you want as fast as possible

Buying a small house can make financing your first home easier. You may have less square footage, but you’ll also have a smaller down payment and mortgage.

Tips for landlords: how to set your rent

Tips for landlords: how to set your monthly rent. The rent you can expect from your property depends on many factors, but generally runs between .8 and 1.1 percent of the home’s market value.

Is 2018 the year you should become a homeowner?

Happy new year — as a homeowner Is your new year’s resolution for 2018 to become a homeowner? Or would you make it one, if only you thought it was a smart move — and you stood a chance of achieving it? Well, read on because you might find some good news. 2018: A vintage […]

Guide to becoming a landlord in 2018

Want to become a landlord in 2018? Owning investment property is a key driver of wealth. And, it might not be as hard as you think with the help that’s available for landlords. Your complete guide.

Your state may let you deduct savings for down payments

Some states help with homeownership There is a small but growing number of states that are using their tax systems to encourage would-be homeowners to save for their down payments. Is yours one of those that allow you to make deductions? And how much help might you get? Read on to find out. Down payments […]

House flipping profits are down: proceed with caution before you flip

House flipping action is hot, profits maybe not If you’re eager to purchase a home, you may want to consider a flip. House flipping means buying a home at a low price and reselling it quickly for a profit. Nearly 154,000 homes flipped in the first nine months of 2017 alone. House flipping: not “as […]

Complete guide to building a house

Is is cheaper to buy or build a house? Which option will give you what you want, at a price you can afford? This complete guide to building a house will help you answer that question and get the most home for your money.

2018 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)