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Is it Risky to Buy a Foreclosed Home?

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Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton … Continue about Is it Risky to Buy a Foreclosed Home?

Buying a Home

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Is it Risky to Buy a Foreclosed Home?

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Buying a foreclosed home could net you a great deal. But is it risky? It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of […]

How to Make an Offer on a House without an Agent

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Buying a house doesn’t mean you have to be represented by a real estate agent. Some people just prefer to handle things on their own. Even though a real estate agent may have access to listings sooner or can handle your offer for you, it’s still doable on your own. Before you set out to […]

How to Obtain an FHA Cash Out Refinance

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If you have an FHA loan and are in need of money, you may be eligible for an FHA cash out refinance. This loan enables you to take cash out of the equity of your home. This means that you will have a mortgage with a higher loan-to-value ratio and higher payment, but you will […]

When is the Best Time of Year to Buy a House?

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After you save up enough money to buy a house, it’s easy to rush out and start looking. But don’t be so hasty. Choosing the right timing can help you get the best deal on a home. Since this is probably one of the largest investments you’ll make in your lifetime, it’s worth knowing the […]

Will Refinancing Save you Money?

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You hear interest rates dropped so you immediately assume that you should refinance. What if it doesn’t make sense, though? It takes more than a lower interest rate for refinancing to make sense. Since getting a new mortgage costs money, you need to make sure it makes financial sense to refinance. Get Matched with a […]

How Much will my Title Insurance Policy Cost?

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Buying a home means paying a whole slew of fees, especially if you secure mortgage financing. You’ll have the fees charged by the lender, of course. But, you’ll also pay third-party fees, including those charged by the title company. One fee you’ll see on your closing statement is the ‘title search fee.’ Get Matched with […]

Alternatives to the FHA 203K Loan

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If you want to buy a house that is run down and won’t pass an appraisal, you probably think of the FHA 203K loan as an option. This loan program gives you the funds to purchase and renovate a home so that it will pass the FHA appraisal. You can even make cosmetic changes to […]

Can You Get a Fannie Mae Loan After a Foreclosure?

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You lost your home in foreclosure so you assume that you won’t qualify for a conventional loan anytime soon, right? We have good news for you – it is still possible to get a conventional loan and you may not have to wait as long as you thought. Today, Fannie Mae guidelines allow you to […]

What Do I Need to Know Before Signing a Home Purchase Contract?

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One of the largest steps in a home purchase is the sales contract. Signing this document legally binds you to the purchase. If you don’t read the fine print, you might agree to things you don’t like. Here we discuss what you should do before you sign a new purchase contract. Know Your Contingencies Buying […]

How to Calculate Debt-to-Income Ratio?

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Next to your credit score, your debt to income ratio plays a major role in your ability to secure a loan. Each loan program has a specific debt ratio they require. This doesn’t mean every lender abides by that rule. Some enforce stricter rules to help prevent default. Knowing how lenders calculate your ratio can […]