The glut of homes repossessed during the housing market crash have mostly been reabsorbed into the system, leaving lots of new home buyers wondering how they’ll ever find a house they can afford. If you’re looking for a bargain in the housing market, don’t despair — there’s always a good deal to be found if… Continue Reading
There are few experiences in life as exciting and stressful as buying a home. It’s a constant rollercoaster ride of thrills and fears, new experiences and cliffhangers that threaten to ruin all your dreams forever. By the time your inspections are over and your Realtor assures you there’s not much left to do but wait,… Continue Reading
We’ve written a lot about getting your first mortgage: what to expect, how to go about it and all the fees and different costs along the way, but there’s a significant portion of the market that we’ve been passing over made up of future boomerang buyers. Those of you who have lost your homes due… Continue Reading
We’ve written a lot about how to get a mortgage, the buying process and what the indicators say about the current housing market, but we’ve avoided the one giant elephant in the room that must be addressed. We haven’t talked about the flip side, the troubled mortgage. Obviously, we want to educate you enough that… Continue Reading
There’s a certain fantasy that penetrates the American psyche, we like to call it The American Dream. It varies slightly between regions, but basically, it involves the triad of homeownership, stable employment and a marriage with 2.3 kids. Maybe that white picket fence was ideal in 1950, but times have changed dramatically since the American… Continue Reading
Buying a house can be a confusing hurricane of paperwork, with lots of indecipherable legal documents and technical terms being tossed around. By the time you get to closing, you’re holding on by your fingernails, and just thankful that it’s almost over. You’re exhausted, emotionally and physically, but there’s just a little bit more to… Continue Reading
Even though the housing market seems to be rebounding, we are still living in uncertain times and people are increasingly conscious of how much money they’re spending on necessities. If you’re like most people, you’ve managed to slim your grocery budget, reduced your heating costs and eliminated those subscriptions you barely use so you can… Continue Reading
After a long, exhausting search that consumed every free minute of your time, nearly destroyed your marriage and drove all your friends insane, you’ve finally found the home of your dreams. You, your spouse and your realtor may have breathed a big sigh of relief when your offer was accepted, but you’ve barely begun your… Continue Reading
There are two things in this world that are inescapable: death and taxes. Real estate property taxes are no different, and unlike income taxes, aren’t dependent on how much you make or what kind of deductions you have. For a lot of homebuyers, their principal and interest payment looks nothing short of amazing, but once… Continue Reading
After another rise in FHA mortgage insurance rates during the last year and the announcement that borrowers may be locked into those payments for the life of their loans, a lot of people are taking a second look at second mortgages. Piggyback seconds, those small mortgages used in conjunction with a Conventional mortgage at the… Continue Reading