From The MReport.com 2/9/16 Although rents continue to rise at a rapid pace, many non-homeowners are still shying away from the real estate market due to down payment and credit score troubles. Zillow's Rent Forecast found that rents will flatten in 2016, but will still be unaffordable in most markets. This presents yet another challenge for … Continue reading Prospective Homeowners Held Back by Financial Situation
Is It Harder or Easier to Get a Mortgage Today? 1/28/16 . The federal government has made borrowing money easier for homebuyers with less traditional housing situations and lower incomes while making it more difficult for buyers with burdensome student loan and other debt to get mortgages. The changes are intended to reflect the realities … Continue reading Is It Harder or Easier to Get a Mortgage Today?
From Trulia.com 11/11/15 Home-buying and selling is stressful — and with industry acronyms and real estate terms flying at you from all directions, you may feel overwhelmed navigating your new real estate reality. Whether you’re a first-time homebuyer sifting through homes for sale in Chicago, or a seasoned investor, there’s always more to learn. Trulia’s … Continue reading The ABC’s of Real Estate
From USNews 5/11/15 Most people will need a mortgage to buy a home. That means that not only do you need to shop for a home, you need to shop for a home loan. But a survey of 2013 borrowers by the U.S. Consumer Financial Protection Bureau found that almost half of borrowers didn't shop … Continue reading 10 Tips for Finding the Best Deal on Your Mortgage
They are once again bringing back the buyer incentive. Don't Miss out for information on the program or to search for homes that are offered in the program visit - www.HomePath.com
3 percent down payments are back, but are they a good idea? From Yahoo Homes 12/31/14 Do you have decent credit, a good job, and want to buy a home, but don’t have enough money for a 10 or even 5 percent down payment? Well, there may be some hope. Recently, Freddie Mac and Fannie … Continue reading 3 percent down
Millennials are moving in: under- 35 homeowners to dominate the housing market next year From MainSt.com 12/17/14 . View photo Rising rents may be forcing adults 35 and younger to do something they've been stolidly resisting: buy a home. Zillow, the real estate information service, says Millennials will comprise the largest demographic of home buyers … Continue reading Under 35 homeowners to dominate housing
Federally backed loans: Is the FHA a lender of last resort? From Main Street 11/25/14 The government wants Americans to buy a home. That's why the Federal Housing Administration offers programs to help people get their foot into the door of the housing market. But is anFHA loan right for you? What are the requirements to … Continue reading FHA last resort?
From Credit.com 11/12/14 When you apply for a mortgage, there are a few no-brainer items almost every borrower knows the lender will look at: your credit scores, your income and your debts.You can check your credit scores and debt situation before you approach a lender by pulling your free annual credit reports (which you can do … Continue reading You make boatloads of cash & still can’t get a mortgage?!
Check out this tool from NYTimes.com It can calculate for you whether it is better to rent or buy using cost, mortgage details, how long you plan on staying in home, taxes, closing costs and more. Make the most informed decision for you and your family. Click on link below Is It Better to Rent … Continue reading Rent or Buy