Most of us have a vision in our minds of the dream home we really, really want to build. Unfortunately, we also think that it will never become a reality. Truthfully, it is not impossible. There are challenges but it can be done as long as you know how to finance the home and if [...]
Mortgage holders are really struggling in today’s economy. This leaves the door wide open for mortgage re-financers to come in and take everything you have if you are not careful. It’s easy to get sucked into a scam when you are wanting to lower your mortgage payments in order to save your home from foreclosure. [...]
The real estate crisis is still on shaky ground, especially commercial real estate. It is not expected to get any better. But for commercial real estate investors who have the funds, there are great prices to be found anywhere in the country. The values on commercial property are down about 30%, which makes prices very [...]
While everyone knows and understands that the real estate markets have been bad, the economy has been bad and the job markets have been bad for several years now. What you may not know are the behind-the-scenes issues that have not helped the markets at all in 2011. Real Estate prices have really gone down, [...]
The real estate market is getting better but slowly. The year 2012 will be better in some ways such as lower interest rates and a lot of homes to choose from. But, the lenders are pretty tight when it comes to new mortgages. So, what do you need to buy your next home in 2012. [...]
Foreclosure is not a pretty option for either the homeowner or the lending institution. The homeowner does not want to lose their home and the lending institution does not want to get stuck with an unpaid mortgage. That’s where loan modifications come in. So, do they work? Will the lending institutions agree to it? Probably [...]
Reverse mortgages are still an option for those that are 62 years old and older to be able to keep their home instead of having to sell it. The Federal Housing Administration is keeping the reverse mortgage option alive even after Wells Fargo and Bank of America have bowed out of that line of mortgages. [...]
The Securities and Exchange Commission (SEC) have filed fraud charges against the top ex-executives of Fannie Mae and Freddie Mac. This has been an ongoing investigation since 2008 and charges have finally been filed in New York City. Will this latest in charges go the way some of the others following the 2008 financial crisis? [...]
The recent economic crisis has many people rethinking how to buy real estate at a lower cost. Something new that the Washington, DC area has started seeing popping up are modular homes. No, not manufactured or mobile homes, but modular homes. These homes are just as pretty as traditional real estate but cost less. If [...]
The dreaded words, “bad credit” is now heard from a lot more people than it used to be. Bad credit used to have a connotation that you just didn’t pay your bills. That is not the case in today’s world, necessarily. The latest economic crisis has hit home to many very hard. It’s not because [...]
There were an estimated 1 million homes that were foreclosed on in 2010. The numbers are forecasted to be even worse for 2011 although those numbers won’t be released until 2012. Because of this, a little known type of mortgage is once again gaining in popularity. That is the assumable mortgage. Assumable loans have been [...]
For the first-time home buyer, getting a loan is probably the most stressful and frightening part of the process. Will they accept my application? How much will I be eligible for? Will I be able to keep up with my mortgage payments? Many fears and questions will flood your mind. But, before you allow these fears [...]
If you’re thinking about declaring bankruptcy, but you have enough money for a down payment now or can lay your hands on it now, then be cautious. However, if you’re thinking about declaring bankruptcy because you’re flat broke, and you’re looking for a ray of hope, then the news is better. First, the warning. If [...]
Coming up with a down payment on any house has traditionally been one of the biggest obstacles to buying a new home, and your new house in Maryland is no exception, especially if your income is fixed or not especially high end. However, savvy buyers can take advantage of programs designed to cure the down [...]
If you are buying a home you have plenty of research to do. But most mortgage information reads and sounds like military code: ARM, APR, PMI. It’s hard to tell if you’re buying a house or intercepting submarine messages. Below are some common mortgage words and their meaning: Adjustable-rate mortgage (ARM) — A home loan [...]
There are many different types of loans available. Bridge Loan. Most people need the equity in their current home to purchase a new one. But what if you sell first and don’t have anywhere to go? A bridge loan is a temporary loan that you obtain from your lender until the permanent one can be put [...]
What to do before buying a new home is a common topic and very important, but what many people don’t think of is what not to do before buying a home. Make no major purchases. Avoid buying a car, or major appliances or purchases of any kind that will add debt. This can also include [...]
