Flood insurance rates are expected to rise in the Spring of 2014; it’s all over the news. But how can you minimize flood damage and save yourself from making a claim? Or maybe if there was a way that could altogether prevent you from buying flood insurance? After all, once the new policies become effective, the premiums can rocket sky …
Nothing is worse than trying to pay off debt, only to fall into a faux debt collection scam, leaving you—and your finances–in worse condition than before. “Unscrupulous scams hurt consumers and unnecessarily impedes legitimate debt collection efforts,” says ACA International CEO Pat Morris. “The recovery of consumer debt is vitally important to our local, state and national economies. Those who …
A while ago, there were some rumors that mortgage loan limits might be lowered, which implies that homebuyers would receive lesser amounts. As of the 24th of October, this news has been confirmed. The new limits will be announced later this month and changes will be made in the spring season of2014. Other than these, there are quite a few …
Real Estate sales usually taper off as summers come to an end, but this is not the case in Houston this year. The sales of single-family homes in September were 23.5 percent more in 2013 as compared to September of 2012. Deals were closed on 6,168 houses which is the highest number of sales in September ever recorded in the …
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 …
The fact that Congress raised the debt ceiling in the early days of the final quarter has left a negative impact on a number of aspects. Although, the number of housing sales may stay balanced, consumer confidence in the market is set to suffer. As a consequence, the path to recovery on which the housing market had been on up …
