Along with the New Year come the new trends. The same goes for those occurring in the housing industry. Here are seven bits of advice and news that can help first-time home buyers navigate the mortgage industry in 2013. Save money now. Lenders will be paying more attention to the sum of money in your …
What is a Conventional Loan?
There may be times when the loan you want is not offered by government lenders. These types of loan called conventional loans are financing programs which are not financed by the Federal Housing Authority. Under this option, the risk is borne solely by the lender and so the interest rates may be higher. While the …
Should You Refinance from a 30-year to a 15-year mortgage?
Mortgage rates have been decreasing nationwide, and rates are so low that they seem unbeatable, offering the best value possible. The average rate for a 15-year loan is 2.63%, about 70 points lower than a comparable rate for a 30-year loan. Such low rates and large rate discrepancies make refinancing from a 30-year mortgage to …
Common Financing Mistake: Spreading Oneself Too Thin
If you are like majority of Americans, buying a home is one of the things that tops your list of aspirations. However, different factors and circumstances often arise, preventing the smooth realization of this goal. These factors and circumstances can range from financial situation to real estate availability, to lack of information suitable and adequate …
Rent-to-own can be a Winnable Investment Strategy
Thinking of other creative strategies to build your wealth on real estate investments? You might want to go for the booming rent-to-own real estate! “A number of sellers, particularly developers, are turning to that [rent-to-own]” and “it’s definitely growing”, said the Urban Land Institute. Major factors behind the sudden boom in this real estate market …
