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Negotiating Strategies When Buying a FSBO Home

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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 Negotiating Strategies When Buying a FSBO Home

Buying a Home

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Negotiating Strategies When Buying a FSBO Home

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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 […]

Refinancing Your Second Mortgage

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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 […]

Is Rent-to-Own a Good Idea for First-Time Homebuyers ?

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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 […]

Buying a Condo with VA Financing

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Many veterans opt for purchasing a condo when they first use their VA benefits because of the convenience and affordability of this type of housing. Condos often have more benefits for those just starting out and luckily enough, the VA offers the same benefits on condos as it does single family houses. This gives veterans […]

How Do Credit Look-ups Affect Your FICO Score?

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Your FICO score determines your eligibility for a loan. Certain things like late payments or overextending your credit obviously hurt your score. What about credit look-ups? Do they hurt your score? You might be surprised to learn the truth – it’s probably not as bad as you think. Defining a Credit Look-Up First, let’s look […]

How to Budget for a New Home Purchase

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Buying a home is exciting. It’s also overwhelming. Budgeting for the purchase means not only the sales price, but well beyond that. If you focus only on your down payment, you may end up underwater right away. Here we discuss the common and most overlooked expenses your budget must include. This way you can properly […]

Can You Buy a House Without a Social Security Number

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Are you looking to buy a home in the United States, but you don’t have a social security number? It may be easier than you think to settle here in the U.S. Rather than a social security number, you will need an ITIN, Individual Taxpayer Identification Number. If you have an ITIN and you have […]

Is it Possible to get a Mortgage on Bank Statements Alone?

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Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away […]

What is the Freddie Mac First Look program?

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When Freddie Mac takes possession of a home that foreclosed, they put it in their HomeSteps program. This sales unit, operated by Freddie Mac, markets and sells the home for Freddie Mac. Before the home is available to the general public, though, Freddie Mac offers the First Look Initiative. This program allows owner-occupied borrowers to […]