In September, interest rates on conventional mortgages used to purchase newly built homes increased for the fourth month in a row, according to data released today by the Federal Housing Finance Agency (FHFA). During the month, the average contract interest rate increased by 10 basis points to 4.30 percent, while initial fees increased to 1.14 percent (from an average of …
Do you want to become a homeowner but do not have enough money for your down payment? No problem. The latest news suggests that you might actually be able to use your IRA funds for this. The fact that the real estate industry is booming is all over the news. Even though the year is nearing its end, it still …
Once you’ve decided to become a homeowner, developed your budget and saving plans and evaluated your financial situation, you’ll find several different business professionals are part of the home buying experience. You’ll be the star in this performance, with a varied cast of supporting players. You may not meet each of them face-to-face, but they all play important roles.
There are still problems galore when we are talking about the national real estate industry. In spite of the industry’s best efforts to keep buyers engaged with fruitful mortgage rates, buyers are still not falling for it. This has become a major distress for the market as well as the industry. As compared to last year, home prices went up …
Home buying is becoming completely entangled with home inspection these days. Strict financial plans and the costs of major home repairs ensure that everyone understands the need for a home inspection before buying. According to a study conducted by American Society of Home Inspectors, 77% of home buyers went for home inspection before deciding whether to buy the house. In …
The year 2013 is coming to an end. How about becoming a homeowner before the next year dawns upon you? The time is right now, and you never know what the real estate market is going to be like next year. So why not do it now than later? The rates are still low, the qualifications requirements are not that …
Planning to sell your home by putting up a sign that says ‘For Sale by Owner’? Indeed, you can save a lot of money in commissions this way, but we advise you against it. After all, all the money that you save will not be much help when you have to face a lot of issues, and end up losing …
Are you thinking about buying a house? There are many issues buyers face when making real estate decisions. But, these issues can be easily avoided with a little research and planning. You may wonder if you should seek advice on the topic or do it all by yourself. There are some things you should understand before you spend your valuable …
Selling a house today is not an easy task to do. Several factors contribute to making it difficult including higher unemployment rates, uncertainty and downturn in the economy, reduction in work hours and the decline of house values at double digit rates. More homes are being sold today as compared to the last year. Even then, sellers must be willing …
