If you're looking for an affordable property to buy, you can take a look at pre-foreclosure homes for sale. To many, buying a pre-foreclosure property is a pretty good deal.However, a buyer must look at both the potential benefits and pitfalls of purchasing this property before inking on the dotted lines. What is a pre-foreclosure? In the foreclosure process, the borrower … [Read more...] about Is it Wise to Buy a Pre-Foreclosure Property?
Losing your home due to a foreclosure doesn't only mean damage to your finances and assets, it also has devastating effects on your whole being.While a foreclosure can hurt, it doesn't have to affect you forever. Recovering from foreclosure can take a while. So, while you are in the process of recovery, use it as a leverage to become a better homeowner. Living Through a … [Read more...] about Recovering From a Home Foreclosure
Many people automatically think of “mortgage” when they hear about buying a home. But not all homebuyers want to deal with interest rates and the long process of home loan acquisition. In fact, paying for a home in cash is more popular than you think.But in today’s climate, would paying in cash be more advantageous than getting a mortgage?Let’s take a closer look at … [Read more...] about The Pros and Cons of Paying Cash for Your Home
Recent ads on TV, radio and online promote a particular mortgage lender that offers to create a special mortgage with a payoff period designed specifically for you. That's actually a good thing. Most consumers think there are two mortgage terms, a 30 year mortgage and a 15 year mortgage. Yet in reality most any term can be created in a mortgage loan. The difference might be … [Read more...] about Your Mortgage. Um, YOURmortgage
Two reports out say if youâ€™re thinking of buying, wait. The prices are going to continue to drop. The reason they offer are the same: Continuing increases in the number of homes worth less than their current mortgages. Zillow reports that 23% of US mortgage holders owed more than their homes were worth in the second quarter of this year. This number is challenged, but not … [Read more...] about Housing prices sink as underwater number rises