Why Should Appurtenance Matter to Homebuyers?

You guys are the first to know, besides my Realtor, that I’m on the hunt for a new house. I know, the lady that gives mortgage advice every week is actually going through the process herself — again. Volunteering for this adventure has made me realize something: there’s a lot more to buying a house… Continue Reading

Assumable Mortgages Aren’t Outdated Options

Let me tell you all a little story about mortgages. Long, long ago interest rates were extremely high, reaching nearly 19 percent in the early 1980s. At the same time, there were also assumable mortgages: a loan product that allowed a buyer to take over the loan on a home with the terms remaining intact.… Continue Reading

How Much Should I Spend on My Next Home?

It’s inevitable that as spring approaches an increasing hoard of buyers will be flocking to the real estate market. The biggest question everybody’s got in the front of their mind, way ahead of whether or not they’ll find the right house or can get into the best school districts, is how much they should spend… Continue Reading

What are the Pros and Cons of FHA Loans?

First time homebuyers, more than any class of homeowners, tend to be cash poor. That’s not a judgement statement — we all start somewhere. However, compared to other loans, FHA is much more forgiving of your liquidity-related woes. Because of FHA’s low down payments and small reserve requirements, along with options to roll your up-front… Continue Reading