Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real estate agent, the seller comes out the winner on this one. So does it make sense for you as a buyer to … Continue about Should You Buy a FSBO Home?
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Buying a Home
Should You Buy a FSBO Home?
Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real … Continue about Should You Buy a FSBO Home?
Is Rent-to-Own Right for You?
Rent-to-own has become a popular way to buy a home in recent years. After the housing crisis, many consumers left with damaged credit. Unable to secure a mortgage approval, they were stuck renting. … Continue about Is Rent-to-Own Right for You?
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Should You Buy a FSBO Home?
Not every home for sale is listed by a realtor. Many homeowners decide to try for sale by owner (FSBO). This way they don’t have to share the profits. Since it’s up to the seller to pay the real estate agent, the seller comes out the winner on this one. So does it make sense […]
Is Rent-to-Own Right for You?
Rent-to-own has become a popular way to buy a home in recent years. After the housing crisis, many consumers left with damaged credit. Unable to secure a mortgage approval, they were stuck renting. Many renters, however, got smart and signed an agreement to buy the home after a specific period of renting. Three years was […]
Understanding the Max DTI for FHA Loans
FHA loans provide borrowers with flexible financing. Borrowers find the max DTI forgiving enough to qualify. The other requirements of the program are flexible as well. Understanding the debt-to-income ratio requirements is one of the most important factors. Read our report below to see what you need to know. What is the Max DTI for […]
What is a Co-Op and What do you Need to Know?
A co-op may look like a condo, but it is different. It comes down to the ownership. You must know the difference so you don’t mistakenly think you own the property. Read on to the all of the details about this type of home ownership. What is a Co-Op? First, let’s look at the definition […]
HARP®: A Timeline
In the wake of the 2008 housing crisis, many American homeowners found themselves unable to refinance because of the significant drops in home prices. To offer support, the federal government stepped in to help underwater and near-underwater homeowners refinance their mortgages. This support program was named HARP® or the Home Affordable Refinance Program, established by […]
How to Overcome Mortgage Roadblocks
You don’t need a perfect mortgage application to secure a mortgage, but there are some common mortgage roadblocks that may cause a delay. Some issues that arise can prevent you from securing a mortgage altogether. We discuss these issues and help you see how you can get around them. Working for Yourself is a Mortgage […]
Buying a Home at a Tax Lien Sale
Buying a home in a tax lien sale is a complicated process. Knowing the ins and outs of the process will help you make it successful. Read our guide on what to expect and how to proceed. Definition of a Tax Lien First, let’s look at the tax lien. It occurs when homeowners default on […]
Refinancing Options When you Have a Second Mortgage
Refinancing becomes a little more complicated when you have a second mortgage. With just a first mortgage, you pay off the first mortgage and take on a new one. It is not that simple when you have a 2nd mortgage there. That second mortgage actually takes first lien position when you pay off your first […]
What Costs can You Include in Energy Efficient Mortgages?
The FHA and VA offer the Energy Efficient Mortgage program. This program enables you to roll the cost of certain energy efficient changes into your mortgage. You do not have to take out another loan or secure a separate approval. You can use it on a home you purchase or your own home during a […]
What is the Best Way to Consolidate Credit Card Debt?
Credit card debt can quickly overwhelm you. If this is you, don’t worry, you have options. Before you jump into a debt consolidation plan, know the pros and cons. No matter how many offers you receive for consolidation, do your research. They each have their pros and cons. Your situation determines which option works best […]