How affordable are homes in your area? The National Association of Home Builders (NAHB) may be able to answer that with its Housing Opportunity Index. It is a list of metropolitan areas in the U.S. with the most and the least number of affordable homes during the third quarter of 2017.This NAHB/Wells Fargo Housing Opportunity Index takes into account the median family … [Read more...] about Housing Opportunity Index: How Affordable Are Homes in Your Area?
While the susceptibility of consumer information in the digital mortgageprocess has become a widely popular concern, few have voiced out about the actual danger of identity theft to lenders.Atlanta-based data aggregation company LexisNexis Risk Solutionshas monitored cyber fraud activities targeting lenders and shown that while mortgage lenders experience fewer fraud … [Read more...] about Mortgage Lenders May Be Susceptible to Identity Theft
It's that time of the year again: snow begins to fall, short days and cold nights begin to envelop the air.Our homes become our refuge during the cold winter air. It's important to keep your homes warm during these times.Buying your home is probably one of the biggest investment you’ve ever made. Which is why it’s important to take care of it properly. For you, your … [Read more...] about Keep Your Homes Warm During the Winter With These Ideas
The Federal Housing Administration (FHA) recently submitted its annual report to Congress for fiscal year 2017. It discussed, among other things, the financial status of the mutual mortgage insurance fund and highlights on its single-family forward mortgages or FHA loans as they are known to all.FHA loans have been around since 1934 at the time when America … [Read more...] about Profiling Borrowers, Characteristics of FHA Loans Made in FY 2017
When home prices continue to push buyers away from the already scarce inventory, alternatives have to be sought. Among which are pre-foreclosed properties. What are these properties and is it wise in invest in them? Looking for an affordable home can be a challenge for homebuyers especially in major cities in the country. During the past year, home prices have … [Read more...] about How Do You Buy a Pre-Foreclosed Property?