During the entire home buying transaction, from application to closing, your motto should be “Caution is Critical”.
Financing a Home
Video: What to Consider Before Borrowing Home Equity
Video: What to Consider Before Borrowing Home Equity – Home Equity loans were very nearly taboo for quite some time but their coming back into favor. In favor of an equity loan as opposed to a personal loan, mortgage rates are still low (make no mistake, this is a type of mortgage or home financing,… Read More
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Existing-Home Sales on Track for Further Expansion in 2016
Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; although affordability pressures from inventory shortages and rising mortgage rates could slow the potential for even stronger sales momentum, according to an economic forecast forum held last week at the 2015 REALTORS® Conference &… Read More
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Mortgage Rates Remain Below Four Percent for 12 Weeks Straight
Mortgage rates are rising but not by much, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®) results. These results showed average fixed mortgage rates nudging higher throughout the beginning of the week. However, Fed comments suggesting it may not raise short-term interest rates, coupled with weaker than expected consumer demand, pushed Treasury yields lower… Read More
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Not Your Daddy’s Home Selling Tips, #7 – Be The Bank
from ‘Not Your Daddy’s Home Selling Tips‘ on yourValleyProperty.com Be the Bank. Under very specific circumstances it may be in your best interest to consider acting as the mortgagee. This is commonly known as a carry-back. My best advice if you’re considering this would be to talk with a financial consultant and an attorney before… Read More
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Do I need to be pre-approved to buy a home?
Though you may be willing to spend a certain amount, the real determination of how much house you can buy is driven by how much a lender calculates you can afford. Gone are the days when “creative financing” could be used to manipulate your credit worthiness or your ability to buy a home. Government regulation… Read More
