Don’t do These Things When You’re Closing on a Home

You might think since you have the ‘clear to close’ from your lender that you are free to do anything you want with your finances before your home closing. Don’t make that mistake, though. There are ways that you can ruin your chances of closing on your loan if you...

What to Look For In a Residential Rental Investment

Investing in real estate can be exciting and scary at the same time. While you might stand to make a decent profit, there is always the chance of serious loss too. Before you buy a home for rental purposes, consider what you should look for to make the most of your...

Can you Take Over Someone’s Mortgage if It’s Assumable?

Does taking over someone’s mortgage seem easier than getting your own mortgage? You might be in for a little surprise. Today, an assumable mortgage still requires approval, just like you would need if you took out your own mortgage.Looking for Current Mortgage...

What Factors Affect Home Prices?

There is no formula for directly measuring property value. Various factors are at play and more often than not, they are at a continuous state of fluctuation. One necessary distinction that has to be made, however, is the difference between what you call home price...

Rates Hit New Year-Low

If you are buying or refinancing, now might be the perfect timing to lock in on your rate. According to the latest Primary Mortgage Market Survey(PMMS) Report from Freddie Mac, average mortgage rates just hit the year’s lowest as 30-year FRM fell by 7 basis points to...

Wages Now Struggle to Keep Up with Home Prices

The latest US Home Affordability Index datafor the second quarter of the year reveals an unsettling fact about homeownership in the country: it’s getting more expensive to own a home since the crisis hit in 2008.In a recent report provided by California-based housing...

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