One of the contingencies attached to most home sales contracts is that which relates to a homes appraisal. If the buyer is borrowing to finance the home purchase, then their lender will insist on an appraisal prior to giving final approval for the mortgage. In the past, appraisers were often swayed into over/under pricing homes [...]
Buying a home is one of the biggest decisions anyone make in their life. There are a lot of factors that go into making that final decision, many of them financial. If financial issues are important, can your decision be influenced by sweeteners? What are sweeteners? Sellers, and sometimes a seller’s real estate, will offer [...]
Home owners experiencing problems with their lenders can find the who-regulates-whom system confusing. The answer depends on whether the lender is a federally regulated and insured commercial bank or savings bank, or if it is a state-regulated mortgage company that is not affiliated with one of those banks. So, who regulates your lender? The Federal [...]
Obtaining a mortgage today can seem like an impossibility for many home buyers. Lenders have gone from virtually throwing money at anyone who walked in their door to holding back loans even to those well qualified. There are a couple of things that you can do to ensure a smoother mortgage journey. Lenders today are [...]
There are a lot of people around at present who have not escaped the latest economic downturn completely unscathed. For those who have experienced problems starting again can be difficult, especially if lenders are not looking at your situation favorably. The danger in being in this situation is that you give up that home ownership [...]
