By Sarah Max for the WSJ: Real Estate
Home buyers are an increasingly rare breed these days. Many who were eager to buy a house raced to take advantage of federal homebuyer tax credits. When those government perks expired in April, home sales essentially went into deep freeze, plummeting to levels not seen in more than [...]
Who are all these people with their hands out? Do I really need them? What’s it going to cost me? Here’s information to help demystify the closing process – and all those fees – when you buy a home.
Click on the headline above to view a video that gives an overview of our Rent to Own Program, also known as a Lease Option Purchase. Watch the video to learn how to get FREE information about Lease Option Houses and how to find them.
Mortgage rate levels dropped again last week. The average 30-year fixed loan rate is now sitting at 4.44%, down from 4.49% last week. The 15-year fixed rate fell to 3.92%, from 3.95% the week prior. Mortgage rates are being pushed down by the weak economy and the Federal Reserve’s decision to purchase government [...]
By: Fred Krugman
Courtesy the NY Times
The lights are going out all over America — literally. Colorado Springs has made headlines with its desperate attempt to save money by turning off a third of its streetlights, but similar things are either happening or being contemplated across the nation, from Philadelphia to Fresno.
Meanwhile, a country that once [...]
PITI – What Is It?
During your house hunting you will probably hear this term used a lot. It stands for principal, interest, taxes and insurance.
Every loan includes principal and interest payments and those labeled PITI also include taxes and insurance. Property taxes and homeowners insurance payments can be paid in an annual lump sum. These payments are instead [...]
By: Bankrate.com
Your monthly principal and interest charges are determined by the rate and the amount of the loan. The rate and loan amount, in turn, are affected by several factors. The rate depends on your credit score, discount points you pay and whether the down payment is less than 20 percent. The loan amount depends on [...]
By Holden Lewis • Bankrate.com
Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment.
These mortgages are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low-down-payment mortgages during the housing boom.
The Federal [...]
I wanted to take a moment to make a quick post regarding the First Time Home Buyer Tax Credit. While the credit ended for most of us on April 30th, members of the military were given a welcome surprise. If you are a military member then you can receive the First Time Home [...]
By David Pitt, Associated Press
Courtesy MSNBC.com
A combination of government incentives and near record-low mortgage rates has prompted legions of first-time homebuyers to take the plunge. Buying a home can be exciting, yet daunting because it’s a complicated process with potential pitfalls at every step. But, it doesn’t have to cause anxiety if you plan and [...]
