The internet provides a wealth of information for home sellers and buyers today, including what Zillow calls ‘Zestimates’ or estimated home values. Are Zillow home estimates accurate? Should you rely on them when bidding on a home or pricing your home to sell?Get Matched with a Lender, Click Here.Keep reading to learn about Zillow’s accuracy. What is Zillow? First, … [Read more...] about Are Zillow Home Estimates Accurate?
Buying a Home
What is the Freddie Mac First Look Initiative?
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 have the first chance to buy the … [Read more...] about What is the Freddie Mac First Look Initiative?
Can You Buy a House Without a Social Security Number
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 the qualifications we discuss below, you could be well on your way to an approval for … [Read more...] about Can You Buy a House Without a Social Security Number
House or Condo: Which Should you Buy?
You know you are ready to become a homeowner, but have you given it careful thought? Have you thought about not only where you want to live, but also what type of property you want to purchase? This is not a one-size-fits-all transaction. Each person will have a different reason for the type of property they buy. We recommend deciding the type of property you want to purchase … [Read more...] about House or Condo: Which Should you Buy?
Can a Purchase Price be Higher Than the Appraised Value?
You found the home you want to buy, but find out that the appraised value is less than you bid on the home. Are you out of luck or can you still buy the home?Compare Offers from Several Mortgage Lenders.The answer is tricky, but we help you understand how the process works below. The Appraised Value is King The lender will go off the appraised value. That is how they … [Read more...] about Can a Purchase Price be Higher Than the Appraised Value?