Knowing you want to buy a home is one thing, but do you know how much house you can afford? How do you pinpoint a house where the monthly mortgage payment is financially within your reach, and one that won’t drive you deep into debt? Let’s take a look…
As the economy continues to stabilize, more Americans are experiencing improvement in credit application rates and credit rejection rates, including those of mortgages and mortgage refinances, reports the Federal Reserve Bank of New York. According to the Bank’s recent SCE Credit Access Survey, there are now more successful applicants and fewer rejected and discouraged credit seekers. Thirty-four percent of survey …
With uncertainty over mortgage rates growing and new Fannie- and Freddie-backed programs rolling out next year, those seeking to buy a home will continue to contend with changing standards. If you’re planning to become a homeowner, take these steps before borrowing.
There are so many people who refrain from even looking into buying a home because they fear they will not be able to obtain a great loan rate or even qualify for a mortgage. This year, more than ever a misconception about mortgages among first-time buyers has taken hold of the real estate market. With that being said, let’s take …
Borrowing money to finance a home is one of the hardest things to do today, and it is not going to get any easier according to the real estate market in 2014. Home prices are currently undergoing an upsurge, after the revival of the housing industry, and mortgage rates are at an all time high now. Experts in the real …
