Browse by Tags
All Tags »
Buyer Information (RSS)
Before starting the house hunt, there are a few things buyers need to consider. Credit score: Lenders are generally looking for buyers to have credit scores of at least 620 nowadays. Although the Federal Housing Administration will extend loans to borrowers
Read More...
The New York Times After a rejection Some borrowers think that because their mortgage application is turned down the first time, they won’t ever be approved. In reality, some borrowers succeed on the second or third attempt, usually with a different
Read More...
As the traditional home-selling season comes to a close, some home sellers who were unable to sell their homes earlier this year may be willing to make better deals with home buyers. Before submitting an offer, buyers should understand the market. A REALTOR®
Read More...
When purchasing a property, most borrowers will conduct their due diligence on the house, examining its structural soundness and the surrounding neighborhood. However, not all borrowers do a thorough vetting of the lender. Borrowers are advised to focus
Read More...
The percentage of home buyers who could afford to purchase a median-priced, single-family home in California declined to 51 percent in the second quarter of 2011, down from 53 percent in first-quarter 2011 but was up from 46 percent in the second quarter
Read More...
In addition to conforming loans, mortgage insurance also is becoming harder to obtain for some borrowers. Many lenders require borrowers to have a 20 percent down payment or the borrower must purchase mortgage insurance. Prior to the mortgage meltdown,
Read More...
An under-utilized program that has been in existence since 1995 can help home buyers save on their utility bills by letting them fold the cost of energy improvements into their mortgage. The program, Energy Efficient Mortgage, can be used by homeowners
Read More...
When beginning the house hunt, some buyers go in blindly, not knowing how much house they can afford. Without this knowledge, buyers may find themselves viewing houses that aren’t within their budget. To prevent buyers from spending time viewing
Read More...
There are numerous tech tools available to assist home buyers. To assist with the first step of the home-buying process – cleaning up and reviewing credit scores and reports – buyers can use a mobile app called “BillTracker,” which
Read More...
Occasionally, homeowners hoping to close a deal agree to purchase home warranties to give the home buyer peace of mind. However, prospective homeowners should do their homework to make sure the policies will actually help. Typical home warranties cover
Read More...
Buying a home can be time consuming. One way to save time is by organizing all the necessary documents most lenders require, such as those that prove employment and income. Typically, lenders want two recent pay stubs, two years of tax returns, bank statements,
Read More...
When preparing for the purchase of a house, there are several items buyers must think about, such as their main priorities. Buyers should determine whether it’s more important to live in a particular type of home, such as a single family home with
Read More...
WHAT YOU SHOULD KNOW ABOUT THE MARKET... Before you sign on the dotted line for that apartment or home whose great price you just can't pass up, make sure you've figured out how your new location is going to fit into your life. It might just end
Read More...
What you should know about the maket • As the new year gets underway, there are four housing issues consumers should keep a close eye on: Jobs, foreclosure delays, Washington, and lending standards and rates. • Jobs: If the job market improves,
Read More...
What you should know about the market… First-time buyers planning to make the shift from renter to homeowner this year should begin preparations as early as possible. Prior to starting the home-buying process, potential buyers should make sure
Read More...