Posts Covering Real Estate
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 […]
March 29, 2018 in Real Estate
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.
March 23, 2018 in Real Estate
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 […]
Considering a home with a long commute? Reconsider, for the sake of your wallet, your health and your sanity.
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 […]
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 […]
February 15, 2018 in About Mortgages Economic News Essential Mortgage Miscellany Federal Reserve First-Time Home Buyers Forecasts Homeownership Topics Mortgage Rates Mortgage Strategy Real Estate Refinance Uncategorized
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 […]
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: how to avoid tenants who are identity thieves
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.
February 6, 2018 in Real Estate
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. […]
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.
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 […]
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 […]
December 23, 2017 in Real Estate
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 […]
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)