If you are looking for a home loan but have a lower than average credit, then an FHA loan can help you in buying the home of your dreams. The Federal Housing Authority (FHA) guarantees the loan which is then provided by approved lenders. Today, the FHA loan is a popular choice amongst home buyers in Texas over conventional loans, …
Are you planning to buy a home? Of course you will have to save money for the down payment, but other than this, you will also have to plan a budget for the other extra expenses that can arise. Since we are aware that you might not know all of these, we decided to give you an average estimate of …
Did you just lose your home to a foreclosure? Even though you are no longer a homeowner, do not worry this will not always be. The lending requirements may have become more strict, but there are still a few tactics that if implemented would let you become a homeowner once again. Here are the steps that the experts in the …
Are you searching for a new home? Disappointed or excited with the properties you are being shown by your real estate agent? Yes, inventory is filled up with older homes. A recent survey estimates that almost 71% of the inventory comprises of homes that were built before the 1990’s. In some regions, this value has been recorded to be even …
If you are debating on whether you should make an offer on a new home before the New Year, now is the time to stop deliberating and submit your bid. Between 2013 tax benefits, and avoiding mortgage rate roulette and changing lending rules, closing before the end of the year can offer significant financial benefits. Top mortgage and real estate …
Frequently included in real estate contracts, a home sale contingency is a clause put in place to make the transaction of sale of a buyer’s home contingent or dependant. The contract can only move forward if the buyer’s house is sold by a specific date or gets terminated. Types of Home Sale Contingencies Home sale contingencies are of two types, …
The holidays are upon us, and they may affect your credit scores. One’s credit score could take a hit during the holidays in a number of ways. You may see a less than festive dip from overcharging and not paying your credit card bills in a timely manner or by being the victim of credit fraud. Your credit score can …
So you think you cannot become a homeowner just because you do not have enough down payment? No problem, there are a lot of ways with which you can help yourself obtain a loan. And in some cases, you might even acquire a home without paying any down payment at all. Sounds good, does it not? Let’s have a look …
Builder confidence in the 55+ housing market showed continued improvement in the third quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. All segments of the market—single-family homes, condominiums and multifamily rental—registered strong increases. The single-family index increased 14 points to …
