Mortgage rates dropped sharply this week, possibly improving the purchasing power of many home buyers. The 30-year fixed-rate mortgage, the most popular choice among buyers, averaged 4.39 percent this week, its lowest average for 2011, Freddie Mac reported in its weekly mortgage market survey. The 15-year fixed-rate mortgage and the 5-year adjustable rate-mortgage also both …
Read more »Aspiring homeowners these days have more options than ever before. With new developments being built every year, homebuyers have the option of building a customized house instead of buying an existing home. Both options have benefits and drawbacks, so buyers should consider their options carefully. New Homes: Pros and Cons of Buying Buying and moving …
Read more »I don’t know about you, but if I hear one more commercial or person telling me it’s a great time to buy a house, I think I’m going to scream. It seems like I’ve been hearing that for years… during the boom, during the bust… the mantra never changes. So, being in the real estate …
Read more »Today’s choices include banks, mortgage brokers, home builders, and Internet lenders. Each has its advantages and disadvantages, and rates vary from lender to lender. Types of Mortgage Lenders Type Advantages Disadvantages Banks Regulated by state and federal agencies Current banking relationship can get you a reduced mortgage rate Numerous branches provide you with face-to-face access …
Read more »One of the components a lender uses to help determine what loan amount to approve is your down payment. A down payment not only serves as a commitment on a borrower.s behalf to make good on a loan, but acts as a lender.s guarantee to minimize risk in case a borrower defaults on a loan. …
Read more »by Dian Hymer Mon, Jun 13, 201 Loan limits, investors may impact your decision The decision of whether to buy or sell a home is perplexing. A lot of buyers and sellers are still wondering if now is the right time to be in the market. Ideally, buyers would like to know that the market has …
Read more »By Service Magic for AOL Real Estate It’s not hard to get advice when you’re in the market for a new home, but often real estate trends and quick tips get passed off as a gospel in this “historic” housing market. And there are a few — let’s call them inconvenient truths of home buying …
Read more »By Jason Hahn Eddie Kim’s parents made savvy residential real estate purchases in New Jersey 15 years before the housing bubble burst, so he was fully aware of how unique the housing boom was. After he married in March, his parents encouraged him and his wife to take a different approach than they did: Not …
Read more »Over the past couple of weeks, I have seen several blog posts and news reports about home buyers, who seem to think they will save money by not using a buyers agent. It is a myth and I thought it was time to set the record straight. The Commission Is Not Dependent on the Number of Agents …
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